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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.

First Majestic acquires embattled Primero First Majestic acquires embattled Primero First Majestic acquires embattled Primero First Majestic acquires embattled Primero 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.

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