Gatos Silver Reports Stockholder Approval of Merger with First Majestic

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]