Gatos Silver posts solid 2024, prepares for takeover by First Majestic
The deal will merge Gatos’ main Cerro Los Gatos mine with First Majestic’s San Dimas mine in Durango, and its Santa Elena operation in Sonora.
Saxomarkets graphed some of the reasons that the rug was pulled out from gold last month when the precious metal suffered its biggest two-day drop in 30 years.
Since the start of the year, gold is down 16.34% or US$270.70. Spot gold currently trades at $1,386 per ounce.
The big drop started with Cyprus.
