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.
The Canadian venture exchange capped a bad yesterday with a worse today.
As of 10:51 a.m. the S&P/TSX Venture Composite Index is off 1.96% to 1,234.80. The S&P/TSX Composite Index is down 0.62% to 11,855.980.
Gold is flirting with the $1,600 level, having dropped 0.88% to $1,714.80/oz. Silver is down a full percentage point and trading at $32.545/oz.
Copper is the only bright spot, which is up 0.32% to $3.476.
Chart from TSX Group
