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First Majestic Completes Acquisition of Gatos Silver
Newsfile· 2025-01-16 13:47
Vancouver, British Columbia--(Newsfile Corp. - January 16, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") and Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver") are pleased to announce the completion of the acquisition of Gatos Silver by First Majestic (the "Transaction") pursuant to the agreement and plan of merger (the "Merger Agreement") previously announced in the joint news release of First Majestic and Gatos Silver dated September 5, ...
First Majestic Announces Shareholder Approval in Connection with Gatos Silver Acquisition
Newsfile· 2025-01-14 21:20
Vancouver, British Columbia--(Newsfile Corp. - January 14, 2025) - First Majestic Silver Corp. (NYSE: AG) (TSX: AG) (FSE: FMV) (the "Company" or "First Majestic") is pleased to announce that, in connection with the Company's acquisition of Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) ("Gatos Silver"), the Company's shareholders have approved the issuance of up to 190,000,000 First Majestic common shares ("First Majestic Shares") to holders of shares of common stock of Gatos Silver ("Gatos Silver Shares") in ...
Gatos Silver Reports Stockholder Approval of Merger with First Majestic
GlobeNewswire· 2025-01-14 21:15
Merger Approval and Details - Gatos Silver stockholders approved the merger with First Majestic Silver Corp with approximately 71.3% of outstanding shares voting in favor [2] - First Majestic shareholders approved the issuance of up to 190 million common shares in connection with the merger [3] - Gatos Silver stockholders will receive 2.55 First Majestic shares for each Gatos Silver share held, with fractional shares paid in cash [3] - The transaction is expected to close prior to market open on January 16, 2025, pending customary closing conditions [4] Company Overview - Gatos Silver is a silver-focused exploration, development, and production company operating in southern Chihuahua State, Mexico [5] - The company owns 70% of the Los Gatos Joint Venture (LGJV), which includes the Cerro Los Gatos mine and approximately 103,000 hectares of mineral rights [5] - The LGJV district is highly prospective and under-explored, with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets [5]
Gatos Silver Reports 2024 Production at the Top End of Guidance
GlobeNewswire· 2025-01-09 21:05
VANCOUVER, British Columbia, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced production results for the quarter and year ended December 31, 2024 at its 70%-owned Cerro Los Gatos (“CLG”) mine in Mexico. Silver production was at the top end of the 2024 guidance range and silver equivalent production was slightly above the top end of the 2024 guidance range. Guidance for both metrics was upwardly revised in October 2024. Dale Andres, CEO o ...
Gatos Silver Amends Joint Venture Agreements with Dowa to Obtain Enhanced Management Rights and Announces Financial Statement Consolidation
GlobeNewswire· 2024-12-20 02:52
VANCOUVER, British Columbia, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced that it has entered into amended and restated agreements (the “Amended Agreements”) with Dowa Metals & Mining Co., Ltd. (“Dowa”) regarding the Los Gatos Joint Venture (the “LGJV”). The Amended Agreements, which are effective on January 1, 2025, expand Gatos Silver’s management rights within the LGJV which will result in the Company being able to fully consolida ...
Gatos Silver Announces Date of Special Meeting of Stockholders and Filing of Definitive Proxy Statement
GlobeNewswire News Room· 2024-12-03 23:00
VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced the date of a special meeting of stockholders (the “Special Meeting”) and the filing of its definitive proxy statement in connection with the previously announced Agreement and Plan of Merger (the “Merger Agreement”) with First Majestic Silver Corp. (“First Majestic”) (NYSE/TSX: AG) (FSE: FMV) pursuant to which First Majestic will acquire all of the issued and ...
Gatos Silver(GATO) - 2024 Q3 - Earnings Call Transcript
2024-11-12 18:11
Gatos Silver, Inc. (NYSE:GATO) Q3 2024 Earnings Conference Call November 12, 2024 11:00 AM ET Company Participants Dale Andres – Chief Executive Officer André van Niekerk – Chief Financial Officer Conference Call Participants Operator Thank you for standing by. My name is Janine, and I will be your conference operator. Presenting today will be Dale Andres, CEO of Gatos Silver; and André van Niekerk, Chief Financial Officer. We will conclude today's session with a question-and-answer period where other membe ...
Gatos Silver(GATO) - 2024 Q3 - Quarterly Results
2024-11-12 11:07
Exhibit 99.1 925 W Georgia St, Suite 910 Vancouver, British Columbia V6C 3L2 (604) 424-0984 www.gatossilver.com GATOS SILVER REPORTS 11% INCREASE IN Q3 2024 SILVER EQUIVALENT PRODUCTION AND IMPROVED GUIDANCE Vancouver, BC — October 9, 2024 — Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") today announced production results for the quarter and nine months ended September 30, 2024 at its 70%-owned Cerro Los Gatos ("CLG") mine in Mexico, including an 11% increase in silver equivalent prod ...
Gatos Silver(GATO) - 2024 Q3 - Quarterly Report
2024-11-12 11:04
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______________ to ______________ Commission File Number: 001-39649 GATOS SILVER, INC. (Exact name of registrant as specified in its charter) Delawa ...
Gatos Silver Reports Third Quarter 2024 Results Including a 200% Increase in Earnings Per Share
GlobeNewswire News Room· 2024-11-11 21:15
VANCOUVER, British Columbia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced its third quarter of 2024 financial and operating results including earnings per share of $0.14, up 200% from $0.05 in the third quarter of 2023. The Company will host an investor and analyst call on November 12, 2024, details of which are provided below. The Company has a 70% interest in the Los Gatos Joint Venture (“LGJV”), which in turn owns the Cerro Los Ga ...