Gatos Silver posts solid 2024, preps 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.
Copper had a fourth decline in five sessions on speculation that China’s efforts to stimulate its economy will fail to rekindle demand growth in the world’s biggest metals consumer.
China’s central bank cut the reserve ratio amid plunging stock prices and a weakening currency. Global equities headed for a fourth monthly decline amid mounting concerns about slowing world growth. Copper has lost more than 20 percent in the past year.
