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.
In September, Turkey’s holdings of gold jumped for the third month in a row 2.9 tons to 490.3 tons while Kazakhstan added 2.52 tons taking its total holdings to 137 tons.
Azerbaijan, Belarus, Kuwait, the Kyrgyz Republic, the Philippines, Serbia, and Ukraine also boosted their gold reserves.
Russia moderately reduced its reserves for the first time in 12 months, dipping 0.37 mt to 1,015 mt, as did Mexico and Mozambique. Canada sold off 3 of its 3.1 tons.
Central-bank gold purchases were red hot last year, as countries added a combined 534.6 tons, the most since way back in 1964. 2013 purchasing has been cooler, and is predicted to finish up at roughly 350 tons total.
