First Majestic Secures Shareholder Approval for Gatos Silver Acquisition

First Majestic Silver ( (TSE:AG) ) has shared an update.

First Majestic Silver Corp. has received shareholder approval for its acquisition of Gatos Silver, Inc., with 98.44% of votes in favor of issuing up to 190 million common shares to Gatos Silver shareholders. The merger, approved by Gatos Silver stakeholders with 71.3% voting in favor, will be finalized on January 16, 2025, subject to customary closing conditions. This acquisition strengthens First Majestic’s position in the mining industry, potentially expanding its market presence and operational capabilities.

More about First Majestic Silver

First Majestic Silver Corp. is a publicly traded mining company that focuses on silver and gold production in Mexico and the United States. The company operates several mines, including the San Dimas Silver/Gold Mine, the Santa Elena Silver/Gold Mine, and the La Encantada Silver Mine, and holds a portfolio of development and exploration assets. It also owns First Mint, LLC, offering silver products such as bars, ingots, coins, and medallions for sale to the public.

YTD Price Performance: -6.72%

Average Trading Volume: 10,591,971

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $1.77B

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