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Stock impact report

Gatos Silver Reports 11% Increase in Q3 2024 Silver Equivalent Production and Improved Guidance [Financial Post (Toronto, Ontario, Canada)]

Gatos Silver, Inc. (GATO) 
Company Research Source: Financial Post
VANCOUVER, British Columbia, Oct. 09, 2024 (GLOBE NEWSWIRE) — Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced production results for the quarter and nine months ended September 30, 2024 at its 70%-owned Cerro Los Gatos (“CLG”) mine in Mexico, including an 11% increase in silver equivalent production in the third quarter of 2024 compared with a year earlier. Gatos Silver also announced improved annual production and cost guidance for 2024. Dale Andres, CEO of Gatos Silver, commented: “The CLG mine continues to produce consistent results, with another quarter of strong production and another new record for mill throughput. As a result of continued good operational performance, we are increasing our 2024 full year silver and silver equivalent production guidance by 7% and 6%, respectively, and lowering our by-product AISC by 12%, based on the midpoint of each guidance range. We are also further ramping up exploration efforts on both near mine an Show less Read more
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