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Gatos Silver spends $800,000 on exploration in 2020
2021-03-29 08:20 ET - News Release
Mr. Stephen Orr reports
GATOS SILVER REPORTS FOURTH QUARTER AND YEAR-END 2020 RESULTS AND 2021 PROJECTION
Gatos Silver Inc. has provided its fourth quarter and year-end 2020 operational and financial results.
Key highlights
The company reported the following key highlights for 2020.
Record production of 652,739 ore tonnes from the Los Gatos joint venture (LGJV) owned Cerro Los Gatos (CLG) mine;
Record silver, gold, zinc and lead metal recoveries at the CLG processing plant by the end of 2020 with silver, gold, zinc and lead recoveries exceeding plan during the fourth quarter;
Designed 2,500-tonne-per-day production rate achieved at the CLG mine by end of 2020;
Two consecutive profitable quarters to end 2020;
Gross proceeds of $172.5-million raised in the fourth quarter in initial public offering (IPO);
27,000-metre exploration program commenced at CLG in December.
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https://www.stockwatch.com/News/Item/Z-C!GATO-3054578/C/GATO