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Gatos Silver, Inc. - $GATO STOCK NEWS

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Gatos Silver, Inc. reports first quarter 2024 results with revenue of $72.2 million, up 3% from the previous year. Net income was $10.2 million, down 20%. The company expects full year 2024 production to be in the top half of guidance ranges. Cash balance increased to $85.4 million. Gatos Silver expects plant throughput to improve and maintains debt-free status.

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Gatos Silver provides drilling results at Cerro Los Gatos and appoints Chad Yuhasz as Vice President. The SE Deeps zone shows high-grade mineralization. The Greenfields exploration in LGD advances with potential for further mineralization. The appointment of Chad Yuhasz brings over 20 years of experience in the resource industry.
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Gatos Silver, Inc. announced strong production results for the quarter ended March 31, 2024 at its Cerro Los Gatos mine in Mexico. The company achieved record mill throughput, with silver equivalent production at the top end of guidance. Progress was made on mine debottlenecking and productivity improvements, aiming for sustained throughput rates of 3,500 tonnes per day. Exploration efforts for life extension opportunities beyond 2030 were also underway.
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Gatos Silver, Inc. sets the date for its 2024 annual meeting of stockholders on June 6, 2024, with the record date on April 11, 2024. The Company will provide further details in its proxy materials.
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Gatos Silver, Inc. announced its fourth quarter and full year 2023 financial results, highlighting strong operational performance and lower AISC per silver ounce. The Company expects silver production of 8.4-9.2 million ounces in 2024 with an AISC of $9.50-$11.50 per payable ounce produced. Net income, earnings per share, and EBITDA for Q4 2023 increased significantly. The Company remains debt-free with a cash balance of $55.5 million.
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Gatos Silver, Inc. (GATO) to release 2023 fourth quarter and full year financial results on February 20, 2024, followed by a conference call on February 21, 2024, at 11:00 a.m. ET.
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Gatos Silver, Inc. (GATO) provides an update on the drilling and exploration programs in the Los Gatos district in Mexico. High-grade mineralization in the South-East Deeps zone of its Cerro Los Gatos mine was intercepted. Greenfields exploration work in LGD is advancing in preparation for increased drilling expected to start in Q2 2024. The SE Deeps mineralization extends approximately 1km laterally and 400m vertically, showing excellent potential for a multi-year mine life extension.
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Gatos Silver, Inc. (NYSE/TSX: GATO) announced production results for the quarter and year ended December 31, 2023 at its 70%-owned Cerro Los Gatos mine in Mexico. The company's silver and silver equivalent production exceeded 2023 guidance, with CEO Dale Andres commenting on the record mill throughput and potential future expansion. Despite lower ore grades, the operation achieved impressive results, with silver production close to the high end of upwardly revised guidance. The company also plans to provide annual production and cost guidance for 2024 in the near future.
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Gatos Silver, Inc. announced its Q3 2023 financial and operating results. The company increased its 2023 full-year silver and silver equivalent production guidance by 16% and 8% respectively. The company received a cash distribution of $24.5 million in October. Gatos Silver remains debt-free with a cash balance of $57.7 million. The conversion drilling of the South-East Deeps inferred resource is progressing well. Q3 2023 results showed a decrease in revenue, an increase in cost of sales, and an increase in net income compared to Q3 2022.
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Gatos Silver, Inc. will release its Q3 2023 operating and financial results on November 6, 2023. The company will host a conference call and webcast on November 7, 2023, to discuss the results. The webcast will be available on the company's website within 24 hours.
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Gatos Silver, Inc.

NYSE:GATO

GATO Rankings

GATO Stock Data

725.02M
40.87M
1.37%
88.74%
0.89%
Other Precious Metals & Mining
Basic Materials
Link
United States of America
VANCOUVER

About GATO

sunshine silver mining & refining is a privately-held u.s. based silver company that is advancing its two principle projects, the sunshine mine in idaho and the los gatos project in chihuahua, mexico. the sunshine mine deposit is one of the highest grade large primary silver deposits in the world with a resource of 75 million measured & indicated and 221 million inferred silver ounces at an average grade of 827 grams per tonne. the company also owns the sunshine precious metals refinery adjacent to the sunshine mine and is the only silver mining and processing company in north america that is fully integrated and certified to sell high purity silver directly to the comex in new york. the los gatos project is a joint venture between sunshine silver mining & refining corp (sunshine silver) and dowa metals & mining ltd (dowa) where sunshine silver has 70% ownership and is the operating partner. the project is comprised of 103,000 contiguous acres of mineral rights that define a new silver