Gatos Silver Updates Mineral Reserves, Resources, And LOM Plan For Cerro Los Gatos Mine
Portfolio Pulse from Benzinga Newsdesk
Gatos Silver has updated its mineral reserves, resources, and life of mine (LOM) plan for the Cerro Los Gatos Mine. The mine life has been extended by 2.75 years to the end of 2030, with a 46% increase in total silver production. There are significant opportunities available for further optimization, growth, and mine life extension.
September 07, 2023 | 5:41 am
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Gatos Silver's update on its Cerro Los Gatos Mine, including an extension of mine life and increased silver production, could positively impact its stock price.
The extension of the mine life and the increase in silver production are positive developments for Gatos Silver. These updates indicate that the company is likely to have a steady stream of revenue for a longer period, which could make the company more attractive to investors and potentially drive up the stock price.
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IMPORTANCE 80
RELEVANCE 100