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 total copper production rose 2.9% in January to 437,900 tonnes, government body Cochilco said on Thursday.
Production from state-owned giant Codelco jumped 5.1% on a yearly basis to 127,000 tonnes, Cochilco said.
Output from BHP-controlled mine Escondida rose 15.2% to 93,300 tonnes, while Collahuasi, a joint venture of Anglo American and Glencore, produced 42,900 tonnes, a 16.4% decrease.
(By Fabian Andres Cambero and Valentine Hilaire)
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