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First Majestic pays $175 million for Silvermex Resources

Michael Allan McCrae | April 03, 2012 | 6:09 pm Precious Metals Europe Latin America Silver 

Mexican silver miner, First Majestic, announced a friendly acquisition of Silvermex Resources for Can$175 million. "The offer values Silvemex at approximately C$0.60 per share, representing a premium of approximately 33% to the closing price of Silvermex as at April 2,...

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