First Majestic to buy Gatos Silver in all-stock deal valued at US$970M

First Majestic Silver Corp. logo is shown in a handout. The company has signed a deal to buy Gatos Silver Inc. in a transaction valued at US$970 million. THE CANADIAN PRESS/HO

VANCOUVER - First Majestic Silver Corp. has signed a deal to buy Gatos Silver Inc. in a transaction valued at US$970 million.

Under the agreement, Gatos shareholders will receive 2.55 shares of First Majestic for each Gatos share held.

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