First Majestic to Acquire Gatos Silver to Boost Production Profile

First Majestic Silver Corp. (AG) announced that it has entered into an agreement to acquire Gatos Silver, Inc. With this deal, AG will gain 70% interest in the high-quality and long-life Cerro Los Gatos underground mine. The deal implies a total equity value for Gatos at around $970 million.The Gatos Silver deal will solidify First Majestic’s position as an intermediate primary silver producer. The combined entity, with a pro forma market capitalization of around$3 billion, will have an enhanced production ...