First Majestic Acquires Gatos Silver to Boost its Portfolio
First Majestic Silver (AG) ZACKS·2025-01-18 00:15
First Majestic Silver Corp. (AG) has completed the previously announced acquisition of Gatos Silver, Inc. This deal solidifies First Majestic’s position as an intermediate primary silver producer.Details of AG-Gatos Silver DealOn Sept. 5, 2024, First Majestic announced that it has entered into an agreement to acquire Gatos Silver, under which AG will gain a 70% interest in the high-quality and long-life Cerro Los Gatos Silver underground mine.On Tuesday, the companies announced they received the necessary s ...