First Majestic Completes Acquisition of Gatos Silver, Enhancing Silver Production Portfolio

First Majestic Silver ( (TSE:AG) ) just unveiled an update.

First Majestic Silver Corp. has successfully completed its acquisition of Gatos Silver, Inc., which will now operate as a wholly-owned subsidiary. This acquisition includes the integration of the Cerro Los Gatos mining district, known for its robust production and exploration potential, into First Majestic’s portfolio. The transaction is expected to enhance First Majestic’s operations in Mexico, positioning it as a leading silver producer. The Gatos Silver shares will cease trading on the NYSE and TSX, and stockholders will receive First Majestic shares as part of the merger consideration.

More about First Majestic Silver

First Majestic Silver Corp. operates in the mining industry, focusing primarily on the production of silver in Mexico. It aims to become a leading intermediate primary silver producer through strategic acquisitions and mine operations.

YTD Price Performance: -5.21%

Average Trading Volume: 11,009,798

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.77B

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