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.
Mexican President Andres Manuel Lopez Obrador said on Monday that he will not revoke concessions for mining companies, but called on Canadian firms to adhere to the same standards that they follow in their home country.
Canadian miners should run “clean” operations, Lopez Obrador told a news conference, paying correct taxes and salaries as well as not contaminating the environment.
(By Daina Beth Solomon)