Another day, another big merger, this time it’s Torex Gold snapping up Reyna Silver in an all-cash deal. While gold prices consolidate, silver exploration is heating up and this deal bucks the trend with zero dilution for shareholders. We break down why Torex is betting on early-stage projects in both Mexico and Nevada, what makes Reyna’s properties unique, and how this sets a new tone for M&A in the precious metals sector.