First Majestic Exits Del Toro In Deal Worth Up To US$60M

First Majestic Exits Del Toro In Deal Worth Up To US$60M

First Majestic Silver (NYSE: AG) (TSX: AG) has completed the sale of its Del Toro silver mine to Sierra Madre Gold and Silver (TSXV: SM), closing a transaction valued at up to US$60 million. The deal, struck under a share purchase agreement dated December 17, 2025, saw Sierra Madre acquire the asset via a mix of cash and shares. First Majestic received US$20 million in cash at closing along with 10,870,000 Sierra Madre shares priced at $1.30 eac…