First Majestic to acquire Gatos Silver for $970m.

First Majestic, a Canadian silver-mining company, agreed to acquire Gatos Silver, a silver dominant exploration, development and production company, for $970m. “We are pleased to enter into this transaction with First Majestic, as it provides our shareholders an attractive immediate premium and the opportunity to retain exposure to the high quality, long-life Cerro Los Gatos asset, now within a well-established intermediate primary silver producer. This transaction also provides our shareholders with the benefits of First Majestic’s enhanced capital markets presence, liquidity and balance sheet, while combining its local Mexican expertise and history of operations with our history of successful performance," Dale Andres, Gatos CEO.