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.
What’s good for the planet won’t be great for the oilsands, if two recent studies are any indication.
The price of oil could level out at anywhere between $83 and $87 per barrel from 2030 to 2050 if countries manage to pass lower-carbon policies, says a report from U.K.-based consultancy Cambridge Econometrics.
And with a break-even price of about $80 per barrel, any new oilsands mining projects would only barely make back their investment.
