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Gatos Silver(GATO) - 2024 Q2 - Quarterly Report
2024-08-06 20:23
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 June 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) Delaware 27 ...
Gatos Silver Reports Second Quarter 2024 Results
GlobeNewswire News Room· 2024-08-06 20:15
VANCOUVER, British Columbia, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") today announced its second quarter 2024 financial and operating results. The Company will host an investor and analyst call on August 7, 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 Gatos ("CLG") mine in Mexico. Production for the second quarter of 2024 was previously disclos ...
Gatos Silver Second Quarter 2024 Results Conference Call and Webcast
GlobeNewswire News Room· 2024-08-01 20:15
VANCOUVER, British Columbia, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") will release its second quarter of 2024 financial and operating results after North American markets close on Tuesday, August 6, 2024. The Company will host a conference call and webcast to discuss the results on Wednesday, August 7, 2024, at 11:00 a.m. Eastern Time. Date: Wednesday, August 7, 2024 Time: 11:00 a.m. ET Listen-Only Webcast: https://events.q4inc.com/attendee/9245 ...
Gatos Silver Reports Continued South-East Deeps Extension Drilling Results at Cerro Los Gatos and Provides Update on Regional Exploration Program
Newsfilter· 2024-07-23 20:15
VANCOUVER, British Columbia, July 23, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") today provided an update on the drilling and exploration programs in the Los Gatos district ("LGD") in Mexico. The update includes new intercepts of mineralization in the SouthEast Deeps ("SE Deeps") zone of its 70%-owned Cerro Los Gatos ("CLG") mine, along with an update on the drill results of the recently initiated regional exploration program. Chad Yuhasz, VP Exploration a ...
Gatos Silver Reports Continued South-East Deeps Extension Drilling Results at Cerro Los Gatos and Provides Update on Regional Exploration Program
GlobeNewswire News Room· 2024-07-23 20:15
"We are pleased with the latest results which show further potential in the South-East Deeps zone beyond what we will be including in our next reserve and resource estimates update, which we continue to expect to complete in the third quarter of 2024," said Dale Andres, CEO of Gatos Silver. "The second quarter also highlighted the shift in prioritization to explore the broader Los Gatos district, as drilling continued in Portigueño and commenced on both the Central Deeps and San Luis targets, with early exc ...
Gatos Silver Reports Q2 2024 Production Results With Record Mill Throughput and Zinc Production
GlobeNewswire News Room· 2024-07-09 20:15
Production Performance - The company achieved a mill throughput average of 3,240 tonnes per day in Q2 2024, up 1% from Q1 2024 and 11% from Q2 2023, moving closer to the medium-term target of 3,500 tonnes per day [3] - Silver equivalent production in Q2 2024 was 3.88 million ounces, an 18% increase from Q2 2023 [4] - Silver production reached 2.30 million ounces in Q2 2024, a 15% increase from Q2 2023 [4] - Zinc production hit a record 19.1 million pounds in Q2 2024, a 29% increase from Q2 2023 due to higher throughput, grades, and recovery [4] - Lead and gold production increased by 24% and 14% respectively in Q2 2024 compared to Q2 2023 [4] Financial Position - As of June 30, 2024, the company reported cash and cash equivalents of $82.5 million, while the Los Gatos Joint Venture (LGJV) held $45.5 million [6] Operational Developments - The company is working on an updated life of mine plan, expected to be completed in Q3 2024, with a target to further extend the mine life [3] - Exploration drilling efforts increased in Q2 2024, focusing on near-mine targets and the San Luis prospect located 5 kilometers from the CLG mine [3] - The processing plant is reliably performing above 3,500 tonnes per operating day with no reduction in metallurgical recoveries [15] - The company is implementing optimization and improvement projects across maintenance and mine operation functions to increase daily production rates over the next 6 to 12 months [15] Company Overview - Gatos Silver is a silver-dominant exploration, development, and production company operating the Cerro Los Gatos mine in Mexico, with a 70% ownership in the LGJV [7] - The LGJV holds approximately 103,000 hectares of mineral rights in a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones [7]
Gatos Silver Reports Q2 2024 Production Results With Record Mill Throughput and Zinc Production
Newsfilter· 2024-07-09 20:15
As of June 30, 2024, the Company and the Los Gatos Joint Venture ("LGJV") reported cash and cash equivalents of $82.5 million and $45.5 million, respectively. Gatos Silver is a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico. As a 70% owner of the LGJV, the Company is primarily focused on operating the Cerro Los Gatos mine and on growth and development of the Los Gatos district. The LGJV includes ...
Gatos Silver Announces Results of Annual Stockholders' Meeting
Newsfilter· 2024-06-07 20:36
| --- | --- | --- | --- | |--------------------------|--------------------|----------------|------------| | | | | | | Name of Nominee | Votes For % For | Votes Withheld | % Withheld | | Janice Stairs | 41,444,667 89.16 | 5,036,568 | 10.84 | | Dale Andres | 46,438,144 99.91 | 43,091 | 0.09 | | Ali Erfan | 46,428,271 99.89 | 52,964 | 0.11 | | Igor Gonzales | 46,401,194 99.83 | 80,041 | 0.17 | | Karl Hanneman | 37,899,716 81.54 | 8,581,519 | 18.46 | | Charles Hansard | 41,447,713 89.17 | 5,033,522 | 10.83 | | ...
Gatos Silver Announces Results of Annual Stockholders' Meeting
GlobeNewswire News Room· 2024-06-07 20:36
VANCOUVER, British Columbia, June 07, 2024 (GLOBE NEWSWIRE) -- Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") today reported that its stockholders voted in favour of all items of business at the Company's Annual Meeting of stockholders held on June 6, 2024 (the "Meeting"). A total of 50,802,836 votes were cast or represented by proxy at the Meeting representing 74.43% of the outstanding shares of common stock as of the record date. A total of 46,481,235 votes (including "for" and "wit ...
Gatos Silver(GATO) - 2024 Q1 - Quarterly Results
2024-05-06 21:06
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): April 9, 2024 GATOS SILVER, INC. (Exact name of registrant as specified in its charter) 27-2654848 Delaware 001-39649 (I.R.S. Employer (State or other jurisdiction of incorporation) (Commission File Number) Identification No.) 925 W Georgia Street, Suite 910 V6C 3L2 Vancouver, British Columbia, ...