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.
Chilean state-owned Codelco’s copper production rose 4.3% year-on-year in December to 164,600 tons and the Collahuasi copper mine – a joint venture by Glencore and Anglo American – saw output increase 12.9% to 49,900 tonnes, the Chilean Copper Commission (Cochilco) reported on Wednesday.
Meanwhile, extraction at BHP’s Escondida, the world’s largest copper mine, fell 17.6% in December to 86,400 tonnes.
(By Fabian Cambero)
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