Gatos Silver(US:GATO)2023-08-11 16:04Financial Performance & Liquidity - Gatos Silver had a net cash position of $36 million as of July 31, 2023[3, 20] - The company has a $50 million revolving credit facility fully available with an accordion for up to an additional $25 million[17] - LGJV's cash balance increased by $47.9 million since December 31, 2022[19] - LGJV distributed $50 million in cash to partners in July 2023[19] Production & Cost Guidance - The company is targeting 12.4 to 13.8 million ounces of silver equivalent production for FY 2023[4] - H1 2023 silver production reached 4.43 million ounces, representing 56% of the guidance mid-point[5] - H1 2023 silver equivalent production was 6.99 million ounces, which is 53% of the guidance mid-point[5] - All-in sustaining costs (co-product basis) for H1 2023 were $14.94 per silver equivalent ounce, representing 91% of the guidance mid-point[5] Mine Life Extension - The company is targeting a 1 to 2-year CLG extension from near-mine resource conversion in Q3 2023[1] - An additional 3 to 4-year life extension is targeted in 2024 from the South-East Deeps drilling results[1] - The company plans to release a new CLG life of mine plan before the end of Q3 2023[28]