Gatos Silver Reported Silver Production Of 2.22M Ounces In 3Q23, A Decline Of 18% YoY At Its 70% Owned Cerro Los Gatos Mine
Portfolio Pulse from Benzinga Newsdesk
Gatos Silver reported a decline of 18% YoY in silver production at its 70% owned Cerro Los Gatos Mine, producing 2.22M ounces in 3Q23. The production of other metals such as zinc, lead, and gold also decreased compared to the previous year.
October 11, 2023 | 6:16 am
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Gatos Silver's 3Q23 production report shows a significant decrease in silver production, which could negatively impact the company's earnings and stock price.
Gatos Silver's production report for 3Q23 shows a significant decrease in the production of silver, its primary product. This decrease could lead to lower revenues and earnings, which could negatively impact the company's stock price. The company's stock price is directly tied to its performance, and a decrease in production could be seen as a negative indicator by investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100