Gatos Silver, Inc. Announces Production Results for the Fourth Quarter and Year Ended December 31, 2023
January 09, 2024 at 09:15 pm
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Gatos Silver, Inc. announced production results for the fourth quarter and year ended December 31, 2023. For the quarter, the company reported Tonnes milled of 277,318 dmt compared to 261,929 dmt a year ago. Tonnes milled per day was 3,014 dmt compared to 2,847 dmt a year ago. Production of silver was 2.56 million ounces compared to 2.92 million ounces a year ago. Production of Zinc pounds - in zinc conc. was 14.6 million compared to 13.5 million a year ago. Production of Lead pounds - in lead conc. was 10.2 million compared to 9.7 million a year ago. Production of Gold ounces - in lead conc. was 1,390 compared to 1,360 a year ago.
For the year, the company reported Tonnes milled of 1,071,400 dmt compared to 971,595 dmt a year ago. Tonnes milled per day was 2,935 dmt compared to 2,662 dmt a year ago. Production of silver was 9.21 million ounces compared to 10.32 million ounces a year ago. Production of Zinc pounds - in zinc conc. was 57.3 million compared to 60.7 million a year ago. Production of Lead pounds - in lead conc. was 38.9 million compared to 43.9 million a year ago. Production of Gold ounces - in lead conc. was 5,260 compared to 5,350 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.