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.
Bloomberg put together this neat video illustrating all the factors that are pushing gold higher in the second half of this year.
“When you look forward into the second half of this year, first of all a lot of the macro issues to do with the financial system and the economy have been postposed into the second half both in the United States and the new Eurozone,” says the World Gold Council’s Marcus Grubbs, who is shown in the video.
“And secondly in the fundamental side of the market, the second half is always stronger for gold demand.”
