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.
The total value of Western Australia’s (WA) minerals and petroleum industry in 2012-2013 was $102 billion, down moderately from the year before.
Declines in the price of gold and the Australian dollar were blamed for the roughly $4 billion drop in value from 2011-2012 to 2012-2013.
Iron ore accounted for $56 billion of total mineral sales. Petroleum accounted for $24.5 billion and Gold for $9 billion.
Despite a severe slowdown in mining activity, WA “still has an estimated $146 billion worth of resource projects under construction or in the committed stage of development.”
