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.
Los Bronces mine.
Contract workers staged Monday a massive a protest at Anglo American’s (LON:AAL) Los Bronces copper mine in central Chile, as the company refused last week to negotiate their demands.
The London-listed miner said in a statement that operations remain unaffected. However, it noted there have been “fires, looting, vehicle thefts and disturbances.”
The contractors’ leader, Cesar Inostroza, told local newspaper La Tercera (in Spanish) they are demonstrating against alleged anti-union practices, including layoff threats and harassment.
Anglo, the operator of Los Bronces, owns 50.1% of the mine. Mitsubishi has a 20.4% stake, and Chile’s state-owned Codelco and its joint venture partner Mitsui hold the remaining 29.5%.
