Gatos Silver Amends Joint Venture Agreements with Dowa to Obtain Enhanced Management Rights and Announces Financial Statement Consolidation
Gatos Silver, Inc. (GATO)
Company Research
Source: GlobeNewswire
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 consolidate the financial statements of the LGJV rather than accounting for its investment in the LGJV under the equity method of accounting as is currently required. The ownership interests of the Company and Dowa in the LGJV are unchanged, at 70% and 30%, respectively. The Amended Agreements strengthen Dowa’s zinc concentrate offtake rights, including amending pre-defined commercial terms, which continue to be based on world benchmarks, and commitments regarding concentrate production
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GATO
News
- Gatos Silver Amends Joint Venture Agreements with Dowa to Obtain Enhanced Management Rights and Announces Financial Statement Consolidation [Yahoo! Finance]Yahoo! Finance
- GATOS SILVER INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Gatos Silver, Inc. - GATOBusiness Wire
- Gatos Silver Announces Date of Special Meeting of Stockholders and Filing of Definitive Proxy Statement [Canadian Business Journal (Canada)]Canadian Business Journal
- First Majestic Announces Effectiveness of Registration Statement on Form F-4 and Record & Meeting Dates of Special Meeting for Gatos Silver Acquisition [Yahoo! Finance]Yahoo! Finance
- Gatos Silver Announces Date of Special Meeting of Stockholders and Filing of Definitive Proxy StatementGlobeNewswire
GATO
Sec Filings
- 12/20/24 - Form DEFA14A
- 12/20/24 - Form 425
- 12/20/24 - Form 8-K
- GATO's page on the SEC website