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.
Equities and commodities all received a boost during Obama’s first-term due to the fiscal stimulus but the standout was silver.
When Obama won the election silver was $9.47/oz. It is now trading at $32.60/oz.
Shouldn’t Eric Sprott, who has buying lots of the stuff, be happy that the incumbent is back?
Chart from Peter Grandich’s blog. Photo of Eric Sprott from Financial Sense Newshour
