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.
Canada’s September trade performance was the country’s best in months thanks to energy exports, shrinking its total trade deficit to $435 million from $1.1 billion in August.
Overall exports rose 1.8% to $40 billion while imports climbed just 0.2% to $41.1 billion.
Non-energy exports rose slightly, 0.9%, as the aircraft industry fared well in September.
BMO Capital Markets chief economist Doug Porter called the September performance “good news with a twist of lemon,” as the Canadian economy becomes increasingly reliant on oil and gas as drivers of growth.
The Canadian dollar slipped o.38 of a cent to 95.27 US by Thursday afternoon after escaping two-month lows yesterday.
