Reuters reported that First Majestic Silver has announced that they will not match an rival offer made by Coeur d’Alene Mines for Orko Silver.
As quoted in the market report:
By increasing the offer beyond our previous bid, the economics of the La Preciosa project drop below our minimum requirements for a rate of return and financial payback to our shareholders,” First Majestic Chief executive Keith Neumeyer said.
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