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.
Chile’s total copper production rose 1.7% in July on a yearly basis to reach 430,900 metric tons, the country’s copper commission Cochilco said on Monday.
Production was up 5.71% at the Collahuasi mine to 50,000 tons, Cochilco said, while output from Escondida – controlled by Australian mining giant BHP – rose 1.23% to 82,400 tons.
State-owned giant Codelco, meanwhile, saw its copper output slip 2.6% in the period to 124,700 tons, the commission added.
(By Natalia Ramos; Editing by Steven Grattan)
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