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Gatos Silver, Inc. - GATO STOCK NEWS

Welcome to our dedicated page for Gatos Silver news (Ticker: GATO), a resource for investors and traders seeking the latest updates and insights on Gatos Silver stock.

Gatos Silver, Inc. (NYSE: GATO) is a leading development and exploration company specializing in silver and associated minerals. The company's primary focus is the production and advancement of its flagship asset, the Cerro Los Gatos Mine, located in the prolific Los Gatos District in Chihuahua, Mexico. This district spans over 103,000 contiguous acres and includes 14 identified mineralized zones, featuring significant silver-lead-zinc deposits such as the Cerro Los Gatos Mine, the Esther deposit, and the Amapola deposit.

Gatos Silver operates through two main segments: Mexico and Corporate. The Mexico segment is dedicated to the exploration, development, and operation of the company’s mineral interests within Mexico, including the investment in the Los Gatos Joint Venture (LGJV). This partnership is a joint venture with Dowa Metals & Mining Ltd., where Gatos Silver holds a 70% ownership stake and serves as the operating partner.

Recent achievements include significant advancements in resource exploration and development. Notable updates include resource definition drilling intercepts at Cerro Los Gatos, with the latest mineral reserves and resource estimates disclosed in the 2023 Technical Report Summary filed with the SEC. The exploration efforts continue to expand, targeting new areas like the San Luis area, which shows promising quartz-calcite veining similar to the South-East zone at Cerro Los Gatos.

Gatos Silver is also unique in its vertical integration capabilities. The company owns the Sunshine Precious Metals Refinery, which is adjacent to the Sunshine Mine in Idaho. This allows Gatos Silver to process and refine high-purity silver, being the only North American silver mining company certified to sell directly to the COMEX in New York.

Financially, Gatos Silver has shown robust performance. The company provided guidance for 2024, estimating silver equivalent production between 13.7 and 15.3 million ounces, utilizing current market prices for precious and base metals. This production estimate reflects consistent operational efficiency and strategic management.

For investors seeking the latest updates and detailed information on Gatos Silver’s performance, projects, and developments, staying informed through the company's latest news releases and technical reports is highly recommended.

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Gatos Silver reported record production results for Q2 2024 at its Cerro Los Gatos mine. The mine achieved record mill throughput, averaging 3,240 tonnes per day, a 1% increase from Q1 2024 and 11% from Q2 2023. Silver equivalent production rose by 18% year-over-year to 3.88 million ounces, with zinc production hitting a record 19.1 million pounds, a 29% increase year-over-year. Silver production was up 15% to 2.30 million ounces. Lead and gold production also saw increases of 24% and 14%, respectively. The company remains on track to meet the higher end of its 2024 guidance. Exploration efforts have intensified, aimed at extending the mine's life. Cash and cash equivalents stood at $82.5 million as of June 30, 2024.

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Gatos Silver reported that stockholders voted in favor of all business items at the Annual Meeting on June 6, 2024. Out of 50,802,836 votes cast, 74.43% of the outstanding shares participated. Director elections included Janice Stairs with 89.16% votes for, Dale Andres with 99.91%, Ali Erfan with 99.89%, Igor Gonzales with 99.83%, Karl Hanneman with 81.54%, Charles Hansard with 89.17%, David Peat with 81.96%, and Daniel Muñiz Quintanilla with 99.50%.

Stockholders also ratified Ernst & Young LLP as the independent accounting firm for 2024 with 99.26% votes in favor.

Gatos Silver, a silver dominant company, primarily operates the Cerro Los Gatos mine and holds 70% in the Los Gatos Joint Venture in Chihuahua, Mexico.

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Levi & Korsinsky, LLP has announced a settlement in the class action lawsuit against Gatos Silver, Inc. (GATO). The settlement fund is $21 million, intended to benefit class members who purchased or acquired Gatos common stock or certain related securities between December 9, 2020, and January 25, 2022, and were damaged as a result. Eligible class members must file a claim form by June 19, 2024, to receive a share of the settlement. Levi & Korsinsky, known for their expertise in securities litigation, provides this information to remind class members of the filing deadline.

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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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FAQ

What is Gatos Silver, Inc.?

Gatos Silver, Inc. is a development and exploration company focused on silver production and the advancement of its assets in the Los Gatos District, Mexico.

What are the main assets of Gatos Silver?

The main assets are the Cerro Los Gatos Mine, the Esther deposit, and the Amapola deposit in the Los Gatos District, Mexico.

What is unique about Gatos Silver's operations?

Gatos Silver is vertically integrated, owning the Sunshine Precious Metals Refinery, enabling it to process and sell high-purity silver directly to the COMEX in New York.

Who are Gatos Silver’s partners?

Gatos Silver's significant partner is Dowa Metals & Mining Ltd., with whom they have a joint venture for the Los Gatos District.

What recent achievements has Gatos Silver made?

Recent achievements include advancements in resource exploration and drilling intercepts at Cerro Los Gatos, as well as updated mineral reserve and resource estimates.

What is the financial outlook for Gatos Silver in 2024?

The company estimates silver equivalent production between 13.7 and 15.3 million ounces, reflecting strong operational performance.

Where can I find the latest news on Gatos Silver?

The latest news and updates can be found on Gatos Silver's official website and through their news releases and technical reports.

How does Gatos Silver influence the silver market?

As a vertically integrated company processing high-purity silver, Gatos Silver plays a significant role in the North American silver market by supplying directly to the COMEX.

What is the Los Gatos Joint Venture (LGJV)?

The LGJV is a partnership between Gatos Silver and Dowa Metals & Mining Ltd. for the exploration and development of the Los Gatos District, with Gatos Silver holding a 70% ownership.

How can investors contact Gatos Silver for more information?

Investors can contact André van Niekerk, Chief Financial Officer, at investors@gatossilver.com or call +1 604 424 0984.

Gatos Silver, Inc.

NYSE:GATO

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1.59%
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