Gatos Silver - GATO STOCK NEWS

Gatos Silver (NYSE:GATO) has issued a bi-weekly default status report following delays in filing its annual and quarterly financial reports due to internal control weaknesses and mineral reserve reporting errors. The company anticipates filing these reports in the second half of 2022, with an annual shareholder meeting planned before year-end. A management cease trade order was granted by the Ontario Securities Commission in April 2022. Despite these challenges, Gatos Silver has reported no new material changes since its initial notice and continues to meet its disclosure obligations.

Gatos Silver reported strong production results for Q2 and H1 2022 from its Cerro Los Gatos mine, noting a 9% increase in silver output and significant growth in lead and zinc production compared to Q2 2021. Increased recovery rates and higher ore grades were key contributors to the success, with silver production up 29% and lead and zinc up 16% and 26% respectively for the first half of 2022. Despite a temporary suspension affecting mill throughput, the company maintains its production guidance, anticipating an additional $20 million dividend from its joint venture.

Gatos Silver, Inc. (GATO) issued a bi-weekly default status report according to NP 12-203, concerning the delay in filing its annual report on Form 10-K for 2021 and quarterly report on Form 10-Q for Q1 2022. The filings are now expected in the second half of 2022. The company is analyzing internal control weaknesses related to mineral reserve errors, which may impact financial statements. Management cease trade orders were issued by the Ontario Securities Commission due to the filing delays. Gatos Silver focuses on its operations in southern Mexico's Los Gatos Joint Venture.

Gatos Silver, Inc. (NYSE: GATO) announces the appointment of André van Niekerk as Chief Financial Officer effective July 1, 2022, and James Woeller as Vice President of Corporate Development and Business Improvement effective July 16, 2022. André has over 23 years in mining, having transformed Nevada Copper into an operating mine. James brings over 10 years of strategic experience from Teck Resources. CEO Dale Andres highlights their roles as key to the company’s growth and optimization in the silver production sector.

Gatos Silver, Inc. (NYSE:GATO) reports a bi-weekly default status in line with National Policy 12-203, following delays in filing its annual report for the year ended December 31, 2021, and interim reports for the quarter ended March 31, 2022. A management cease trade order, issued by the Ontario Securities Commission, remains in effect. Gatos Silver anticipates filing the delayed reports in the second half of 2022 but is facing material weaknesses in internal controls over financial reporting, which may affect its financial statements.

Gatos Silver announced the sudden passing of Mr. Igor Levental, an independent non-executive director, on June 10, 2022. Serving since 2019, Mr. Levental contributed significantly to the board with his extensive experience in the mining industry, holding prior positions at notable companies like Homestake Mining and Novagold Resources. The board expressed deep condolences and acknowledged his invaluable contributions. Gatos Silver, based in Mexico, focuses on silver and zinc exploration and production, particularly at the LGJV’s CLG deposit, operational since 2019.

Gatos Silver (NYSE:GATO) provided a bi-weekly default status report regarding its filing delays for the annual Form 10-K and quarterly Form 10-Q for 2021 and March 2022, respectively. The Company anticipates filing these reports in the latter half of 2022. It is also addressing material weaknesses in financial reporting related to mineral reserves, which could impact the financial statements. The Ontario Securities Commission has issued management cease trade orders due to these delays. No significant changes or defaults have occurred since the last notice.

Gatos Silver, Inc. (NYSE:GATO) has issued a bi-weekly default status report, following delays in filing its annual report on Form 10-K for the year ended December 31, 2021. The company anticipates filing both the 10-K and the 10-Q for the quarter ended March 31, 2022, in the latter half of 2022. A management cease trade order was implemented on April 1 and April 12, 2022, by the Ontario Securities Commission. The company is also addressing material weaknesses in its financial reporting related to mineral reserve reporting errors.

Gatos Silver, Inc. (NYSE: GATO) announced a delay in filing its annual report on Form 10-K for the year ended December 31, 2021, originally due by March 31, 2022. The interim financial filings on Form 10-Q for the quarter ended March 31, 2022, due by May 16, 2022, are also delayed, with anticipated filing in the second half of 2022. The company is assessing material weaknesses in its internal controls related to mineral reserve reporting errors. A management cease trade order is in effect due to these issues.