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.
Victoria Gold’s (TSXV: VIT; US-OTC: VITFF) Eagle Gold Project in the Yukon territory hosts a reserve of 2.7 million ounces of gold and it is expected to produce ~200,000 ounces per year at an operation cost of approximately $550 per ounce.
According to the company’s president and CEO John McConnell, Victoria Gold’s prospects have improved due to a renewed optimism in the territory’s gold sector. Speaking to The Northern Miner‘s western editor Matthew Keevil, McConnell explained how new conditions impact his plans for the site.
