Gatos Silver, Inc. Announces Production Results for the Second Quarter and Six Months Ended June 30, 2024
July 10, 2024 at 01:45 am IST
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Gatos Silver, Inc. announced production results for the second quarter and six months ended June 30, 2024. For the quarter, the company reported Tonnes milled of 294,869 dmt compared to 265,342 dmt a year ago. Tonnes milled per day was 3,240 dmt compared to 2,916 dmt a year ago. Production of silver was 2.30 million ounces compared to 2.00 million ounces a year ago. Production of Zinc pounds - in zinc conc. was 19.1 million as compared to 14.8 million a year ago. Production of Lead pounds - in lead conc. was 12.0 million as compared to 9.7 million a year ago. Production of Gold ounces - in lead conc. was 1,360 compared to 1,200 a year ago. Production of Silver Equivalent ounces of 3.88 million compared to 3.30 million a year ago.
For the six months, the company reported Tonnes milled of 586,983 dmt compared to 525,770 dmt a year ago. Tonnes milled per day was 3,225 dmt compared to 2,905 dmt a year ago. Production of silver was 4.67 million ounces compared to 4.43 million ounces a year ago. Production of Zinc pounds - in zinc conc. was 34.9 million as compared to 28.9 million a year ago. Production of Lead pounds - in lead conc. was 22.2 million as compared to 19.1 million a year ago. Production of Gold ounces - in lead conc. was 2,750 compared to 2,580 a year ago. Production of Silver Equivalent ounces of 7.58 million compared to 6.99 million 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.