Gatos Silver, Inc. Announces Production Results for the Third Quarter and Nine Months Ended June 30, 2023
October 10, 2023 at 06:42 pm EDT
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Gatos Silver, Inc. announced production results for the third quarter and nine months ended June 30, 2023. For the quarter, the company reported Tonnes milled of 268,312 dmt compared to 263,331 dmt a year ago. Tonnes milled per day was 2,916 dmt compared to 2,862 dmt a year ago. Production of silver ounces was 2.22 million compared to 2.70 million a year ago. Production of Zinc pounds - in zinc conc. was 13.8 million as compared to 17.8 million a year ago. Production of Lead pounds - in lead conc. was 9.5 million as compared to 11.8 million a year ago. Production of Gold ounces - in lead conc. was 1,280 compared to 1,400 a year ago.
For the nine months, the company reported Tonnes milled of 794,082 dmt compared to 709,666 dmt a year ago. Tonnes milled per day was 2,909 dmt compared to 2,600 dmt a year ago. Production of silver ounces was 6.65 million compared to 7.40 million a year ago. Production of Zinc pounds - in zinc conc. was 42.7 million as compared to 47.1 million a year ago. Production of Lead pounds - in lead conc. was 19.1 million as compared to 22.0 million a year ago. Production of Gold ounces - in lead conc. was 3,860 compared to 3,980 a year ago.
Gatos Silver, Inc. is a silver exploration, development, and production company, which is focused on high-grade, large silver deposits in geopolitically stable jurisdictions. The Companyâs flagship asset is the Los Gatos District, including the Cerro Los Gatos Mine in Chihuahua, Mexico. The Companyâs Cerro Los Gatos Mine is located approximately 120 kilometers south of Chihuahua City in the heart of Mexicoâs silver belt. The Companyâs Los Gatos District consists of approximately 14 mineralized zones, including three identified silver-lead-zinc deposits: the Cerro Los Gatos Mine, the Esther deposit, and the Amapola deposit. The other 11 mineralized zones, with over 150 kilometers of outcropping quartz and calcite veins, have at least one mineralization intercept. The Cerro Los Gatos Mine includes approximately 103,000 hectares of mineral rights.