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 (GATO) delivers comprehensive updates on its silver mining operations and exploration progress through this dedicated news hub. Investors and industry observers will find authoritative reporting on the company's flagship Los Gatos project in Mexico, including resource definition updates, production milestones, and strategic partnerships.
This centralized resource provides verified updates across key operational areas: quarterly production results, mineral reserve expansions, drilling program outcomes, and metallurgical processing advancements. All content maintains strict compliance with mining disclosure standards while remaining accessible to both professional analysts and new investors.
Key focus areas include high-grade silver discoveries at Los Gatos, zinc/lead by-product production metrics, joint venture developments, and environmental stewardship initiatives. The page serves as a reliable reference for tracking the company's progress in converting mineral resources into economically viable reserves through advanced exploration techniques.
Bookmark this page for direct access to Gatos Silver's official communications, including SEC filings interpretation, operational updates from Chihuahua mining district, and analyses of silver market positioning. Regular updates ensure stakeholders maintain current understanding of this dynamic precious metals enterprise.
First Majestic Silver Corp. (AG) and Gatos Silver, Inc. (GATO) have announced a definitive merger agreement. First Majestic will acquire all outstanding shares of Gatos, with Gatos shareholders receiving 2.550 First Majestic shares for each Gatos share. The deal values Gatos at approximately US$970 million, representing a 16% premium based on closing prices.
Key highlights of the transaction include:
- Consolidation of three world-class silver mining districts in Mexico
- Combined annual production of 30-32 million ounces of silver-equivalent
- Expected annual free cash flow contribution of about US$70 million from Gatos
- Creation of a 350,000-hectare prospective land package
- Pro forma market capitalization approaching US$3 billion
The transaction is expected to close in early 2025, subject to shareholder and regulatory approvals.
Gatos Silver (NYSE/TSX: GATO) reported strong Q2 2024 financial results for its 70% owned Los Gatos Joint Venture (LGJV). Highlights include:
- Record revenue of $94.2 million, up 62% year-over-year
- Record net income of $20.5 million, up from $0.7 million
- Silver production of 2.30 million ounces, up 15%
- By-product AISC of $6.57 per ounce of payable silver, down 54%
Gatos Silver's Q2 2024 results showed net income of $9.2 million, up from a net loss of $3.6 million in Q2 2023. The company's cash balance increased to $82.5 million as of June 30, 2024. Gatos Silver remains on track to achieve its 2024 production and cost guidance.
Gatos Silver (NYSE/TSX: GATO) has announced its upcoming second quarter 2024 financial and operating results release, scheduled for Tuesday, August 6, 2024, after North American markets close. The company will follow this with a conference call and webcast on Wednesday, August 7, 2024, at 11:00 a.m. Eastern Time to discuss the results.
Investors and interested parties can access the listen-only webcast through the provided link. Analysts have a separate direct event registration link. An archive of the webcast will be available on the company's website within 24 hours of the event.
Gatos Silver (NYSE/TSX: GATO) reported continued drilling results from the South-East Deeps zone at its 70%-owned Cerro Los Gatos mine in Mexico. Highlights include:
- 3.5m at 214 g/t Ag, 19.00% Zn, 12.23% Pb
- 3.0m at 81 g/t Ag, 9.94% Zn, 3.88% Pb
- 6.5m at 43 g/t Ag, 4.52% Zn, 1.78% Pb
The company also provided updates on its regional exploration program:
- Drilling at Portigueño target intercepted anomalous precious and base metals
- Initial drilling at San Luis target returned wide quartz vein and silicified breccia intersections
- Drilling began at Cerro Los Gatos Central Deeps target
- Mapping continued in Lince, San Agustin, and La Paula areas
Gatos Silver expects to complete its next reserve and resource estimates update in Q3 2024.
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.
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.
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.
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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