Gatos Silver posts solid 2024, prepares for 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.
“Once we get past this stalemate in Washington, precious metals are a slam dunk to sell,” Goldman Sach’s head of commodities research Jeffery Currie said at a conference today in London.
Currie claimed that “significant” economic recovery in the US and the tapering of QE will increase downward pressure on gold, taking the price to $1,050/oz by year’s end.
But for the moment, as the US government shutdown drags into its second week, gold is holding steady at around $1,320/oz.
Comments
SamLowrey
tapering……ROFLMAO!