TSX:AGMetals and Mining
Why First Majestic Silver (TSX:AG) Is Up 10.8% After Selling Del Toro Mine For Up To US$60M
First Majestic Silver Corp. recently agreed to sell its Del Toro Silver Mine in Mexico to Sierra Madre Gold & Silver for up to US$60,000,000, including US$30,000,000 in cash at closing and additional contingent consideration.
This mine sale, set against heightened safe-haven demand for silver amid geopolitical and macroeconomic tensions, highlights how the company is reshaping its asset base to focus capital on higher-priority projects.
Against this backdrop of record silver prices, we'll...