NEW YORK - 
(NewMediaWire) - February 01, 2022 - Faruqi &
Faruqi, LLP, a leading national securities law firm, is investigating potential
claims against Gatos Silver, Inc. (“Gatos Silver” or the “Company”) (NYSE: GATO).
There is no cost or obligation to you.
Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California and Georgia.
On January 25, 2022, Gatos Silver provided a resource and reserve update for the Los Gatos Joint Venture, which included a detailed reconciliation of recent production performance. Stating, "the Company concluded that there were errors in the technical report entitled "Los Gatos Project, Chihuahua, Mexico" with an effective date of July 1, 2020 (the ‘2020 Technical Report'), as well as indications that there is an overestimation in the existing resource model." On a preliminary basis, the Company estimates a potential reduction of the metal content of CLG's mineral reserve ranging from 30% to 50% of the metal content remaining after depletion."
On this news, Gatos Silver stock was down 68.89% in intra-day trading by the market close on January 26, 2022.
Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.
View the original release on www.newmediawire.com
