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.
This page provides a historical news archive for Gatos Silver, Inc. (GATO), a former NYSE and TSX-listed silver-dominant exploration, development and production company. Company news releases describe Gatos Silver as the 70% owner of the Los Gatos Joint Venture in southern Chihuahua State, Mexico, where it operated the Cerro Los Gatos mine and advanced exploration across the broader Los Gatos district.
The news flow for GATO covers several key themes. Operational updates detail production results at Cerro Los Gatos, including silver and silver equivalent output, mill throughput rates and cost metrics such as by-product and co-product all-in sustaining costs. Exploration releases highlight drilling results at near-mine targets like the South-East Deeps and Central Deeps zones, as well as regional targets including Portigueño, San Luis, Lince and Los Veranos within the Los Gatos district’s approximately 103,000 hectares of mineral rights.
Corporate and strategic developments also feature prominently in Gatos Silver’s news. In September 2024, the company announced a definitive merger agreement under which First Majestic Silver Corp. would acquire all outstanding Gatos Silver shares. Subsequent releases reported stockholder and shareholder approvals, and a joint press release dated January 16, 2025 confirmed completion of the acquisition and noted that Gatos Silver shares would cease trading and be delisted from the NYSE and TSX.
By reviewing this news archive, readers can trace Gatos Silver’s reported production performance, life of mine planning, exploration progress and the sequence of events leading to its acquisition by First Majestic. This historical record is useful for understanding how the Cerro Los Gatos mine and the Los Gatos district evolved under Gatos Silver’s stewardship before becoming part of First Majestic’s portfolio.
Gatos Silver (NYSE:GATO) announced the resumption of mining operations at the Cerro Los Gatos mine on May 9, 2022, following the reinstatement of its blasting permit. The company reported a record silver production of 2.4 million ounces for Q1 2022, an increase of 58% year-over-year. Additionally, the Los Gatos Joint Venture paid its first dividend of $20 million in April 2022. The company’s sales rose by 85% to $85.6 million compared to Q1 2021, while G&A expenses increased due to higher legal and consulting costs. A new Vice President of Finance was appointed effective May 1, 2022.
Gatos Silver, Inc. (NYSE:GATO) issued a bi-weekly default status report under National Policy 12-203 due to a delay in filing its annual report on Form 10-K for 2021. The Ontario Securities Commission has placed a management cease trade order on the company, with a subsequent order affecting its new CEO. The report confirms no significant changes since the original notice and affirms the company's commitment to compliance with alternative information guidelines. Gatos Silver is primarily focused on its operations in Mexico, notably the Cerro Los Gatos deposit.
Gatos Silver (NYSE:GATO) announced the temporary suspension of operations at its Cerro Los Gatos Mine due to a regulatory halt on explosives permits following a blasting incident on April 21, 2022. The incident did not cause injuries or significant damage. While the mining operations are paused, the processing plant will temporarily shut down for maintenance on April 28, 2022. The company anticipates a swift reinstatement of the permit and expects no significant impact on production plans.
Gatos Silver, Inc. (NYSE: GATO) announced that it is not in compliance with NYSE regulations due to the late filing of its Annual Report on Form 10-K for the year ended December 31, 2021. This delay is attributed to errors in a technical report and a potential overestimation of mineral reserves at its Los Gatos Joint Venture. The company is working on new estimates and plans to file the report in the second half of 2022. While trading will continue during the NYSE's Initial Cure Period, the company may face delisting risks if compliance is not restored.
Gatos Silver, Inc. (NYSE:GATO) issued a bi-weekly report on its compliance with National Policy 12-203 following a management cease trade order (MCTO) linked to delayed financial filings. The original MCTO was granted on April 1, 2022, due to the late submission of its annual report for the year ended December 31, 2021. The company confirms no material changes since the last notice and continues to meet the alternative information guidelines. Gatos Silver focuses on silver and zinc mining in Mexico, with a significant portion of its mineral rights still unexplored.
Gatos Silver has announced record silver production of 2.39 million ounces from its Cerro Los Gatos (CLG) mine for Q1 2022, a 58% increase from Q1 2021. This surge is attributed to higher silver grades and plant throughput. The company appointed Dale Andres as CEO, succeeding Stephen Orr, as part of a strategic management change. Gatos Silver also reported strong financial standings with over $40 million in cash and expects the first dividend from the LGJV in Q2 2022. A new leaching plant is set to reduce fluorine in zinc concentrates with an estimated cost of $6 million.
Gatos Silver, Inc. (NYSE:GATO) has released a bi-weekly default status report as per National Policy 12-203, following the delay in filing its annual report on Form 10-K for the year ended December 31, 2021. The Ontario Securities Commission issued a temporary management cease trade order on April 1, 2022. The Company aims to complete its mineral reserve update and file the required records in the second half of 2022. As of now, no material changes have occurred since the last notice, and all stated intentions have been met.
Gatos Silver (NYSE:GATO) has delayed its annual report filing for the year ended December 31, 2021, beyond the March 31, 2022 deadline. This delay is due to ongoing analysis related to a reduction in metal content from previously stated mineral reserves. The company plans to file the required documents once the analysis is completed, potentially in the second half of 2022. Gatos Silver has applied for a management cease trade order while it continues to provide bi-weekly status reports. The applicable Canadian regulators may issue a general cease trade order for failure to file.
Gatos Silver (NYSE/TSX: GATO) announced its 2021 year-end results, highlighting record production of 7.6 million ounces of silver. The company aims to generate significant free cash flow from its 70%-owned Cerro Los Gatos (CLG) operation and has amended its credit facility with Bank of Montreal to mitigate potential covenant deficiencies. Key 2022 guidance includes expected silver production between 8.5 to 9.0 million ounces and robust financial management with AISC projected between $13.00 and $18.50 per ounce of payable silver.
Gatos Silver (NYSE:GATO) provided an update on resource estimates following reconciliation at its Cerro Los Gatos (CLG) mine. Preliminary analysis indicates a potential 30% to 50% reduction in metal content compared to previous estimates due to errors in the 2020 Technical Report. Despite this, CLG surpassed production expectations in 2021, yielding 7.6 million ounces of silver. The company anticipates a 15% increase in silver production for 2022. Ongoing exploration and optimization efforts may offset some resource losses. Financial impacts from these adjustments are under review.