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Gatos Silver ( (GATO) ) has shared an announcement.
Gatos Silver’s stockholders have approved the merger with First Majestic Silver Corp., with 71.3% of shares voting in favor of the resolution. First Majestic shareholders have also approved the issuance of up to 190,000,000 common shares for the merger, which is expected to close before January 16, 2025, subject to customary conditions. This merger could strengthen Gatos Silver’s position in the silver mining industry, potentially enhancing operational efficiencies and growth opportunities for stakeholders.
More about Gatos Silver
Gatos Silver is a silver-focused exploration, development, and production company that operates primarily in the Los Gatos Joint Venture in southern Chihuahua State, Mexico. The company holds a 70% ownership in the venture, concentrating on the Cerro Los Gatos mine and the broader Los Gatos district, which spans approximately 103,000 hectares of mineral rights with numerous silver-zinc-lead mineralized zones.
YTD Price Performance: -6.54%
Average Trading Volume: 699,245
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.04B
Find detailed analytics on GATO stock on TipRanks’ Stock Analysis page.