Add-on Acquisition • Metals/Mining

First Majestic Acquires Gatos Silver

On September 5, 2024, First Majestic acquired metals/mining company Gatos Silver for 970M USD

Acquisition Context
  • This is First Majestic’s 4th transaction in the Metals/Mining sector.
  • This is First Majestic’s largest (disclosed) transaction.
  • This is First Majestic’s 1st transaction in the United States.
  • This is First Majestic’s 1st transaction in Colorado.

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M&A Deal Summary

Date September 5, 2024
Target Gatos Silver
Sector Metals/Mining
Buyer(s) First Majestic
Deal Type Add-on Acquisition
Deal Value 970M USD
Advisor(s) BofA Securities (Financial)
White & Case
McCarthy Tétrault (Legal)

Target Company

Gatos Silver

Greenwood Village, Colorado, United States
Gatos Silver provides exploration and mining of silver. Gatos Silver was founded in 2009 and is based in Greenwood Village, Colorado.
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Buyer Overview 1

Buyer

First Majestic

Vancouver, British Columbia, Canada

Category Company
Founded 1979
Sector Metals/Mining
Employees4,000
Revenue 564M USD (2024)
DESCRIPTION

First Majestic is a mining company focused on silver production. First Majestic was founded in 1979 and is based in Vancouver, British Columbia.


Deal Context for Buyer #
Overall 4 of 4
Sector: Metals/Mining 4 of 4
Type: Add-on Acquisition 3 of 3
State: Colorado 1 of 1
Country: United States 1 of 1
Year: 2024 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-21 Silver Dollar Resources

Vancouver , British Columbia, Canada

Silver Dollar Resources, Inc. is engaged in the business of mineral exploration. Silver Dollar Resources is based in Vancouver, British Columbia.

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