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.
Brazil’s total mineral production fell 12% in 2022 compared with the previous year, to 1.05 billion tonnes, industry group Ibram said on Tuesday.
The local mining industry total revenue plunged 26% last year to 250 billion reais ($48.18 billion).
($1 = 5.1893 reais)
(By Marta Nogueira)
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