First Majestic Announces Proposed Sale of La Parrilla Mine

On Wednesday afternoon First Majestic Silver announced the proposed sale of its La Parrilla silver mine to Golden Tag Resources in a deal that could be worth up to $33.5 million.

The proposed deal consists of First Majestic getting $20 million in Golden Tag shares, and $13.5 million in cash or shares based on the conditions of the deal.

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