Gatos Silver, Inc. Announces Production Results for the Fourth Quarter and Full Year Ended December 31, 2022
January 10, 2023 at 05:54 pm
Share
Gatos Silver, Inc. announced production results for the fourth quarter and full year ended December 31, 2022. For the quarter, the company reported Tonnes milled of 261,929 dmt as compared to 241,397 dmt a year ago; tonnes milled per day of 2,847 dmt as compared to 2,624 dmt a year ago. Production of silver was 2.9 million ounces as compared to 2.3 million ounces a year ago. Production of Zinc pounds - in zinc conc. of 13.5 million as compared to 12.9 million a year ago. Production of Lead pounds - in lead conc. of 9.7 million as compared to 10.2 million a year ago. Production of Gold ounces - in lead conc. of 1,400 as compared to 1,300 a year ago.
For the year, the company reported Tonnes milled of 971,595 dmt as compared to 909,586 dmt a year ago; tonnes milled per day of 2,662 dmt as compared to 2,492 dmt a year ago. Production of silver was 10.3 million ounces as compared to 7.6 million ounces a year ago. Production of Zinc pounds - in zinc conc. of 60.7 million as compared to 49.6 million a year ago. Production of Lead pounds - in lead conc. of 43.9 million as compared to 39.8 million a year ago. Production of Gold ounces - in lead conc. of 5,300 as compared to 5,200 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.