Finance > M-a

First Majestic acquires embattled Primero

First Majestic Silver (CN:FR) has agreed to acquire the struggling Primero Mining (CN:P) for around US$320 million in equity.

Staff reporter

Finance > M-a

First Majestic acquires embattled Primero

First Majestic Silver (CN:FR) has agreed to acquire the struggling Primero Mining (CN:P) for around US$320 million in equity.

Staff reporter

First Majestic acquires embattled Primero

First Majestic Silver has acquired Primero Mining and its remaining San Dimas gold-silver mine

Primero did not have a good 2017, having faced a two-month strike at the San Dimas gold-silver mine in Mexico earlier in the year and taken a $285 million write down on its key assets.