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 8% one-day drop in the iron ore price in March was the result of a new dynamic in the market: panicked selling by traders using stockpiled ore as loan collateral.
Here’s a quick update to MINING.com’s three-minute slideshow on the evolution of the steelmaking raw material from a relic of the industrial age to the engine of global growth and the second biggest commodity trade after crude oil.
