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.
Copper and silver futures in New York are surging above rival international price benchmarks as traders ramp up bets that Donald Trump will impose hefty import tariffs.
GoGold’s immediate priorities include releasing a definitive feasibility study “imminently” for its Los Ricos South project in Jalisco.
The $2.7 billion capex project contains 4.2 billion lb. copper, 74.6 million lb. of molybdenum and 15.5 million oz. of silver.
