Day: January 14, 2025

“2025 will be a pivotal year for Torex with the conclusion of the Media Luna Project only a few months away, marking the start of our next chapter at Morelos. For the first time, we will have simultaneous production from both the north and south sides of the Balsas River, and we will also become a meaningful copper producer with the metal representing approximately 20% of the guided 2025 production.”

Gatos Silver, Inc. today announced that Gatos Silver’s stockholders have voted to adopt the proposal related to the previously announced merger agreement between First Majestic Silver Corp. and Gatos Silver.

“With the solid finish to the year, we met both our quarterly and increased annual production guidance. Production increased 7% from 2023 to a record 567,000 ounces and combined with strong margin expansion, we generated record revenues and free cash flow while investing in high-return growth,” said John A. McCluskey, President and Chief Executive Officer.

First Majestic Silver Corp. is pleased to announce that, in connection with the Company’s acquisition of Gatos Silver, Inc., the Company’s shareholders have approved the issuance of up to 190,000,000 First Majestic common shares to holders of shares of common stock of Gatos Silver in exchange for the acquisition by the Company of all of the outstanding shares of Gatos Silver.

Inomin has had initial discussions with companies that have expressed interest in potentially partnering or acquiring an interest in the Company’s La Gitana gold-silver property in Mexico.

“the offer price undervalues the company, at a time when the company has reported improved production results highlighted by 3,600 tpd throughput rates at Yauricocha in Q4/24 QTD.”