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, Inc. (NYSE/TSX: GATO) reported record production from its Cerro Los Gatos mine in Q2 2021, achieving a record of 240,047 tonnes mined and 230,656 tonnes milled, a 13% increase over Q1 2021. Key metrics include silver production of 2.1 million ounces and average grades of 322 g/t for silver and 0.35 g/t for gold. CEO Stephen Orr highlighted that higher grades and throughput contributed to these records, reinforcing the company's production guidance for the year. A conference call discussing Q2 financial results is scheduled for August 9, 2021 at 12:00 PM ET.
Gatos Silver, Inc. (NYSE: GATO) has appointed Dale Andres as President and CEO of its Mexican subsidiary, effective June 1, 2021. Andres brings over 30 years of mining experience, including significant roles at Teck Resources. His expertise encompasses base and precious metals, notably overseeing Teck's $5 billion Quebrada Blanca copper project. Gatos Silver aims to enhance value through Andres’ leadership as it operates in a prime silver district in Mexico, with substantial mineral rights yet to be explored.
Gatos Silver (GATO) announced positive results from its drilling program at Cerro Los Gatos (CLG), identifying significant mineralization in both Southeast (SE) and Northwest (NW) zones. The initiative has so far completed 23 holes in the SE zone and 8 in the NW zone, upgrading 3.7 million tonnes of inferred resources to measured and indicated. Notable drill results include hole GA385 with 13.5m @236.0g Ag/T and increased thicknesses in mineralization. The company also plans to start drilling at the Esther zone, expected to yield an updated resource report in Q1 2022.
Gatos Silver reported its Q1 2021 operational and financial results, highlighting the repurchase of an 18.5% interest in the Los Gatos Joint Venture, raising its stake to 70%. The company extinguished a $60 million working capital facility, with a $42 million pro-rata share. Mined 209,832 tonnes of ore from the Cerro Los Gatos mine, achieving 85% silver recovery, 87% lead recovery, and 71% zinc recovery. Exploration drilling commenced at the Santa Valeria property. However, the company incurred a net loss of $2.2 million compared to a $15 million income the previous year.
Gatos Silver (GATO) will hold its 2021 Annual Meeting of Stockholders virtually on May 26, 2021, at 10:00 a.m. Mountain Time. Only stockholders of record as of April 1, 2021, can participate. Registration is required at register.proxypush.com/GATO, where attendees will receive a unique link via email. The company operates in southern Chihuahua, Mexico, focusing on exploring and producing silver and zinc, with 85% of its mineral rights still to be drilled.
Gatos Silver will report Q1 2021 operational and financial results on May 7, 2021, before market open. A conference call is scheduled for the same day at 10:00 a.m. MT/12:00 p.m. ET. Investors can register for the call via a provided link. The company recently commissioned its first operating mine in Mexico, where it discovered a silver-zinc-rich mineral district with multiple defined zones of mineralization. Notably, over 85% of its 103,087-hectare mineral rights remain unexplored, indicating significant potential for future development.
Gatos Silver (GATO) announced promising results from its reactivated drilling at Cerro Los Gatos (CLG), extending mineralization in the Southeastern (SE) and Northwestern (NW) zones. Key highlights include the identification of a new vein in the SE zone, with significant copper findings (GA370 yielding 1.3% copper). The 2021 drilling campaign involves 27,000 meters across 90 holes, focusing on converting inferred resources. The first 13 holes showed increased mineral grades of silver, zinc, and lead, indicating a positive outlook for resource confidence and potential reserve additions.
Gatos Silver has appointed Rodrigo Monroy as General Counsel effective April 1, 2021. Monroy brings over 30 years of legal expertise in multinational corporations and law firms across the U.S. and Mexico, having held significant roles at TTEC and Sun Microsystems. The CEO of Gatos Silver, Stephen Orr, expressed confidence in Monroy's ability to enhance the company's legal framework. Gatos Silver operates in a silver-rich area in Mexico, with extensive mineral rights that remain largely unexplored and recently commissioned its first mine at the Cerro Los Gatos deposit.
Gatos Silver announced the appointment of Daniel Muñiz Quintanilla to its Board of Directors, effective April 1, 2021. Muñiz brings over a decade of leadership experience from Grupo Mexico and its subsidiaries. Currently serving on the boards of Hudbay Minerals and Brookfield Infrastructure, his expertise is expected to benefit Gatos Silver as the company advances mining operations in the Los Gatos district, Mexico. The company has made significant progress, having defined 14 mineralization zones and launched its first operating mine and processing plant.
Gatos Silver reported record performance in the fourth quarter and year-end 2020, including production of 652,739 ore tonnes from its Cerro Los Gatos mine. Key achievements include record recoveries of silver, gold, zinc, and lead, alongside $172.5 million raised through an IPO. Despite a net loss of $35 million for the year due to increased expenses, the company ended 2020 with two profitable quarters. With a robust cash position of $150.1 million and plans for optimization in 2021, Gatos is poised for growth.