Gatos Silver, Inc. - GATO STOCK NEWS

Gatos Silver, Inc. (NYSE:GATO) issued a bi-weekly report on its compliance with National Policy 12-203 following a management cease trade order (MCTO) linked to delayed financial filings. The original MCTO was granted on April 1, 2022, due to the late submission of its annual report for the year ended December 31, 2021. The company confirms no material changes since the last notice and continues to meet the alternative information guidelines. Gatos Silver focuses on silver and zinc mining in Mexico, with a significant portion of its mineral rights still unexplored.

Gatos Silver has announced record silver production of 2.39 million ounces from its Cerro Los Gatos (CLG) mine for Q1 2022, a 58% increase from Q1 2021. This surge is attributed to higher silver grades and plant throughput. The company appointed Dale Andres as CEO, succeeding Stephen Orr, as part of a strategic management change. Gatos Silver also reported strong financial standings with over $40 million in cash and expects the first dividend from the LGJV in Q2 2022. A new leaching plant is set to reduce fluorine in zinc concentrates with an estimated cost of $6 million.

Gatos Silver, Inc. (NYSE:GATO) has released a bi-weekly default status report as per National Policy 12-203, following the delay in filing its annual report on Form 10-K for the year ended December 31, 2021. The Ontario Securities Commission issued a temporary management cease trade order on April 1, 2022. The Company aims to complete its mineral reserve update and file the required records in the second half of 2022. As of now, no material changes have occurred since the last notice, and all stated intentions have been met.

Gatos Silver (NYSE:GATO) has delayed its annual report filing for the year ended December 31, 2021, beyond the March 31, 2022 deadline. This delay is due to ongoing analysis related to a reduction in metal content from previously stated mineral reserves. The company plans to file the required documents once the analysis is completed, potentially in the second half of 2022. Gatos Silver has applied for a management cease trade order while it continues to provide bi-weekly status reports. The applicable Canadian regulators may issue a general cease trade order for failure to file.

Gatos Silver (NYSE/TSX: GATO) announced its 2021 year-end results, highlighting record production of 7.6 million ounces of silver. The company aims to generate significant free cash flow from its 70%-owned Cerro Los Gatos (CLG) operation and has amended its credit facility with Bank of Montreal to mitigate potential covenant deficiencies. Key 2022 guidance includes expected silver production between 8.5 to 9.0 million ounces and robust financial management with AISC projected between $13.00 and $18.50 per ounce of payable silver.

Gatos Silver (NYSE:GATO) provided an update on resource estimates following reconciliation at its Cerro Los Gatos (CLG) mine. Preliminary analysis indicates a potential 30% to 50% reduction in metal content compared to previous estimates due to errors in the 2020 Technical Report. Despite this, CLG surpassed production expectations in 2021, yielding 7.6 million ounces of silver. The company anticipates a 15% increase in silver production for 2022. Ongoing exploration and optimization efforts may offset some resource losses. Financial impacts from these adjustments are under review.

Gatos Silver (NYSE:GATO) announced record silver production of 2.3 million ounces in Q4 2021, a 35% increase from Q3. The Cerro Los Gatos (CLG) mine achieved a total annual silver production of 7.6 million ounces, surpassing guidance. The mine processed a record 241,397 tonnes in Q4, with total 2021 processing rising 36% to 909,586 tonnes. CLG reported over $20 million in cash at year-end following debt elimination. Silver recovery rates in Q4 exceeded design rates, reflecting enhanced operational efficiencies and infrastructure improvements.

Gatos Silver has appointed Tony Scott as Vice President of Evaluations and Technical Services, effective January 10, 2022. With over 20 years in the resource industry, Scott brings significant expertise from previous roles at Macquarie Group and Teck Resources. He will oversee technical operations and lead strategic planning, particularly for the Los Gatos Joint Venture. Gatos Silver, a leader in silver exploration and production in Mexico, aims to leverage Scott's experience to enhance growth and optimize operations.

Gatos Silver reported its Q3 2021 results, highlighting record throughput at Cerro Los Gatos (CLG) mine, processing 234,054 tonnes. The company achieved silver recovery of 89%, lead recovery of 91%, and zinc recovery of 74%. Gatos raised $133 million through a public offering and secured a $50 million revolving credit facility. Despite a net loss of $15 million for Q3, improved cash flow from LGJV operations led to a net debt-free status. CEO Stephen Orr emphasized progress in optimization and long-term shareholder value, while community initiatives continued despite COVID-19 challenges.