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.
Chile’s Spence copper mine, owned by BHP Group Ltd, said on Saturday it had struck an early deal with its union of supervisors on a contract that will run until November 2023.
The company did not disclose details of the deal.
BHP’s Escondida copper mine in Chile also reached an agreement with its supervisors last month, averting the threat of a strike at the world’s largest copper deposit.
Chile is the world’s top copper producer.
(By Dave Sherwood; Editing by Matthew Lewis)
Comments
Night Rider
Good job. Not surprising, with a fine South African ex-Anglo American lady in charge!