First Majestic Finalizes The Gatos Silver Purchase – Full Breakdown

FULL DISCLOSURE: This is sponsored content for First Majestic Silver Corp.

Activity has been hot in the mining sector in recent months as the price of metals continues to heat up. Nowhere is this trend more apparent than in the precious metals space, where multiple transactions have occurred at all levels of the market.

On the small-scale side, we’ve seen Mako Mining acquire the Moss Mine in Arizona, Palisades Goldcorp acquire Radio Fuels, and Aura Minerals acquire BlueStone Resources, in transactions that were all sub $100 million.

On a slightly larger scale, we’ve seen Integra Resources acquire Florida Canyon Gold for $95 million, and Agnico Eagle acquire O3 Mining for $204 million.

And then there’s the major transactions. Gold Fields acquiring Osisko Mining for $2.2 billion in a gold focused transaction and. Coeur Mining acquiring SilverCrest for $1.7 billion. 

Might we add that all those transactions were announced or completed within the last six months.

And of course, there is First Majestic Silver (TSX: AG) (NYSE: AG) who acquired Gatos Silver for US$970 million in a transaction that just closed in January 2025. Which is a transformative transaction that is set to materially change the production profile of one of the sector’s most prominent silver producers.

Lets dive in.


FULL DISCLOSURE: First Majestic Silver Corp. is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of First Majestic Silver Corp. The author has been compensated to cover First Majestic Silver Corp. on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. We may buy or sell securities in the company at any time. Always do additional research and consult a professional before purchasing a security.

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