Gatos Silver Reports 2024 Production at the Top End of Guidance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 09 2025
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Source: Newsfilter
Production Results: Gatos Silver reported strong production results for 2024, with silver production reaching 9.68 million ounces and silver equivalent production at 15.57 million ounces, both exceeding revised guidance. The Cerro Los Gatos mine achieved record mill throughput rates, significantly increasing output across all metals compared to the previous year.
Merger Announcement: Gatos Silver is set to merge with First Majestic Silver Corp., consolidating three major silver mining districts in Mexico to create a leading intermediate primary silver producer, as part of their strategic growth plan.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
