Past year: ▲ 162%(7.93 – 25.81 CAD)
Each one in plain English, with the numbers worked through for a shareholder.
11 Oct 2024resource reserve update● Neutral
Gatos Silver published detailed reserve and resource tables backing up its September update, prepared in response to an SEC comment letter questioning its 2023 annual report - the regulatory follow-through from the original 2022 reserve-accuracy problem.
25 Sept 2024resource reserve update▲ GoodMajor
Gatos Silver released a much-improved life-of-mine plan for Cerro Los Gatos, extending mining through the end of 2032 with 36% more silver-equivalent production than the prior plan - a strong, independently updated answer to the 2022 reserve-overestimation scare.
26 Jan 2022drilling result▼ BadMajor
Gatos Silver disclosed that errors in its 2020 technical report meant the Cerro Los Gatos mine's stated mineral reserves were likely overestimated by 30-50%, and that its 2021 financial statements could be affected - a major credibility blow that would take over a year to fully resolve.
