First Majestic Acquires Gatos Silver to Boost its Portfolio

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 ...