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.
Gold prices climbed on Friday as the dollar fell to the lowest rate in a month against several currencies.
Spot gold went up 0.2 % to $1,664.48 an ounce at 1333 GMT.
The metal is on track for a 6% gain in the first three months of 2012 after posting its first quarterly drop in three years at the end of last year.
