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 reported strong operational and financial results for Q3 2020. The Cerro Los Gatos mine saw rapid recommissioning following COVID-19 disruptions, achieving a production rate of 1,750 tpd. Key highlights include a record 453,392 ore tonnes mined in the first nine months and significant recoveries in silver, zinc, and lead, with silver at 85.1%. The company's IPO raised $172.5 million, positioning shareholders to benefit from rising silver prices. Q3 2020 revenue reached $44 million, with net losses decreasing to $1.2 million due to operational improvements.
Gatos Silver, Inc. (NYSE/TSX: GATO) will release its Q3 2020 operational and financial results on December 8, 2020, after market close. The management will host a webcast and conference call on December 9, 2020, at 10:00 a.m. MT/12:00 p.m. ET. Investors can register for the call via a provided link. A replay of the webcast will be accessible on the company’s website afterwards. Gatos Silver encourages regular reviews of its communications for material information regarding its operations and financials.
Gatos Silver announced that underwriters of its IPO exercised their option to purchase an additional 3,214,500 shares at $7.00 each, totaling 24,644,500 shares sold. This move generated approximately $172.5 million in gross proceeds before deductions. The offering was led by BMO Capital Markets, Goldman Sachs & Co. LLC, and RBC Capital Markets, with Canaccord Genuity Corp. and CIBC Capital Markets serving as co-managers. This press release does not constitute an offer to sell securities where unlawful.
Gatos Silver has successfully completed its initial public offering and commenced trading on the New York and Toronto Stock Exchanges under the ticker symbol GATO. The company focuses on the Cerro Los Gatos Mine in Mexico, aiming for an average annual production of 12.2 million payable silver equivalent ounces at a low all-in sustaining cost of $11.77 per ounce. Proceeds from the IPO will be utilized to increase ownership in the Los Gatos District, fund exploration, cover debt, and support general corporate purposes.
Gatos Silver has successfully closed its initial public offering, securing approximately US$150 million from the sale of 21,430,000 shares at US$7.00 per share. The offering includes an additional 3,214,500 shares available for underwriters to purchase. Trading commenced on the New York and Toronto Stock Exchanges under the ticker symbol GATO on October 28, 2020. The offering was organized by BMO Capital Markets, Goldman Sachs, and RBC Capital Markets, with a registration statement declared effective on October 27, 2020.
Gatos Silver has announced the pricing of its initial public offering (IPO) of 21,430,000 shares at $7.00 each, aiming for gross proceeds of approximately $150 million. The offering will boost Gatos Silver’s ownership in the Los Gatos District to 70% and fund further mineral exploration, production expansion studies, and debt retirement. The shares are set to trade on the NYSE and TSX under the symbol 'GATO' starting October 28, 2020. Closing is expected by October 30, 2020, subject to customary conditions.