Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") and Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver") are pleased to announce the completion of the acquisition of Gatos Silver by First Majestic (the "Transaction") pursuant to the agreement and plan of merger (the "Merger Agreement") previously announced in the joint news release of First Majestic and Gatos Silver dated September 5, ...

Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce that, in connection with the Company's acquisition of Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver"), the Company's shareholders have approved the issuance of up to 190,000,000 First Majestic common shares ("First Majestic Shares") to holders of shares of common stock of Gatos Silver ("Gatos Silver Shares") in ...

Merger Approval and Details - Gatos Silver stockholders approved the merger with First Majestic Silver Corp with approximately 71.3% of outstanding shares voting in favor [2] - First Majestic shareholders approved the issuance of up to 190 million common shares in connection with the merger [3] - Gatos Silver stockholders will receive 2.55 First Majestic shares for each Gatos Silver share held, with fractional shares paid in cash [3] - The transaction is expected to close prior to market open on January 16, 2025, pending customary closing conditions [4] Company Overview - Gatos Silver is a silver-focused exploration, development, and production company operating in southern Chihuahua State, Mexico [5] - The company owns 70% of the Los Gatos Joint Venture (LGJV), which includes the Cerro Los Gatos mine and approximately 103,000 hectares of mineral rights [5] - The LGJV district is highly prospective and under-explored, with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets [5]

Core Viewpoint - Gatos Silver, Inc. reported strong production results for the Cerro Los Gatos mine in 2024, exceeding revised guidance for silver and silver equivalent production, indicating operational efficiency and growth potential in the context of a proposed merger with First Majestic Silver Corp. [1][2][17] Production Results - Silver production for 2024 was 9.68 million ounces, slightly above the revised guidance range of 9.2 to 9.7 million ounces [5] - Silver equivalent production reached 15.57 million ounces, exceeding the high end of the revised guidance of 15.5 million ounces [5] - Zinc production totaled 69.7 million pounds, lead production was 46.4 million pounds, and gold production was 5.53 thousand ounces, all slightly above the revised guidance [5] Operational Efficiency - The CLG mine achieved an average mill throughput of 3,324 tonnes per day in Q4 2024, a 10% increase from Q4 2023, and 3,255 tonnes per day for the entire year, an 11% increase compared to 2023 [8][10] - The mine's operational improvements were attributed to debottlenecking and optimization efforts, enhancing mining rates and productivity [10] Year-over-Year Comparison - Overall metal production in 2024 increased compared to 2023, with silver production up by 5%, zinc production up by 22%, lead production up by 20%, and gold production up by 5% [9] - The average feed grades for silver, zinc, lead, and gold showed slight variations, with silver grades at 284 g/t for the year [6][9] Merger Context - Gatos Silver is in the process of merging with First Majestic Silver, which aims to consolidate three significant silver mining districts in Mexico, potentially creating a leading intermediate primary silver producer [17]

VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced the date of a special meeting of stockholders (the “Special Meeting”) and the filing of its definitive proxy statement in connection with the previously announced Agreement and Plan of Merger (the “Merger Agreement”) with First Majestic Silver Corp. (“First Majestic”) (NYSE/TSX: AG) (FSE: FMV) pursuant to which First Majestic will acquire all of the issued and ...

VANCOUVER, British Columbia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced its third quarter of 2024 financial and operating results including earnings per share of $0.14, up 200% from $0.05 in the third quarter of 2023. The Company will host an investor and analyst call on November 12, 2024, details of which are provided below. The Company has a 70% interest in the Los Gatos Joint Venture (“LGJV”), which in turn owns the Cerro Los Ga ...

VANCOUVER, British Columbia, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) will release its third quarter of 2024 financial and operating results after North American markets close on Monday, November 11, 2024. The Company will host a conference call and webcast to discuss the results on Tuesday, November 12, 2024, at 11:00 a.m. Eastern Time. Date: Tuesday, November 12, 2024Time: 11:00 a.m. ETListen-Only Webcast: https://events.q4inc.com/attendee/627 ...

Mine Life Extended to the End of 2032 with 36% Increase in Total Silver Equivalent Production Strong Free Cash Flows Throughout the Updated Life of Mine Numerous Opportunities Available for Further Growth, Mine Life Extension and Margin Improvement VANCOUVER, British Columbia, Sept. 25, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") today reported an updated life of mine plan (the "2024 LOM Plan") that adds two years of additional reserves and a 36% increase i ...

NEW YORK, Sept. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Gatos Silver, Inc. (NYSE: GATO), relating to its proposed merger with First Majestic Silver Corp. Under the terms of the agreement, GATO stock will automatically be converted into the right ...

MILWAUKEE, Sept. 5, 2024 /PRNewswire/ -- Ademi LLP is investigating Gatos (NYSE:GATO) (TSX:GATO) for possible breaches of fiduciary duty and other violations of law in its transaction with First Majestic. Click here to learn how to join our investigation https://www.ademilaw.com/case/gatos-silver-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you. In the transaction, Gatos stockholders will receive 2.550 common shares of First Majestic for each common share of Gatos held ...