UPDATE: RBC Capital Double Downgrades Gatos Silver (GATO) to Underperform
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Gatos Silver (GATO) PT Lowered to $4 at BMO Capital on Reserve Uncertainty
January 26, 2022 9:46 AM ESTBMO Capital analyst Ryan Thompson lowered the price target on Gatos Silver (NYSE: GATO) to $4.00 (from $12.50) while maintaining a Market Perform rating as the company estimates a potential reduction of the metal content of CLG's mineral reserve ranging from 30%-50%.
... MoreGatos Silver (GATO) says there was overestimation in existing resource model for Los Gatos
January 26, 2022 6:25 AM ESTGatos Silver, Inc. (NYSE/TSX: GATO) (Gatos Silver or the Company) today provided an update on the resource and reserve estimation process following recent reconciliation work at its Cerro Los Gatos (CLG) mine and provided strong 2022 production and cost guidance for the CLG operation.
During the Companys resource and reserve update process for the Los Gatos Joint Venture (LGJV), which included a detailed reconciliation of recent production performance, the Company concluded that there were errors in the technical report entitled Los Gatos Project, Chihuahua, Mexico with an effective date of July 1, 2020 (the 2020 Technical Report), as... More
