Gatos Silver, INC
Market Movers (8-K)
Gatos Silver has completed its merger with First Majestic Silver Corp., becoming a wholly-owned subsidiary and ceasing to trade on the NYSE and TSX.
8-K: Gatos Silver Supplements Proxy Statement Amid Shareholder Concerns Regarding First Majestic Merger
Gatos Silver has voluntarily supplemented its proxy statement related to the proposed merger with First Majestic Silver Corp. to address concerns raised by certain shareholders, despite believing the allegations are without merit.
Gatos Silver has amended its joint venture agreements with Dowa Metals & Mining, enhancing its management rights and enabling full financial consolidation of the Los Gatos Joint Venture.
Better than expected
Gatos Silver and First Majestic Silver Corp. have received unconditional authorization from the Mexican Federal Economic Competition Commission, clearing a major hurdle for their planned merger.
Gatos Silver announced a 200% increase in earnings per share for the third quarter of 2024, alongside record cash flow and a pending merger with First Majestic Silver Corp.
Better than expected
Gatos Silver has released an updated technical report summary detailing the mineral resource and reserve estimates for the Los Gatos Joint Venture in Mexico, with an effective date of July 1, 2024.
Quarterly Earnings (10-Q)
Gatos Silver announced a strong third quarter in 2024, marked by increased production and profitability, while also detailing a merger agreement with First Majestic.
Better than expected
Gatos Silver's second quarter and first half of 2024 saw significant improvements in financial performance, driven by increased production at the Cerro Los Gatos mine and higher metal prices.
Better than expected
Gatos Silver saw a significant increase in cash flow and net income in the first quarter of 2024, driven by a capital distribution from the Los Gatos Joint Venture (LGJV) and improved operational performance.
Better than expected
Gatos Silver has amended its Q3 2023 report to correct a cash flow classification error, while also reporting a decrease in silver production and a mixed financial performance.
Worse than expected
Annual Reports (10-K)
Gatos Silver Inc. has amended its 2023 annual report to correct the classification of capital distributions from its Los Gatos Joint Venture on the statement of cash flows.
Worse than expected
Gatos Silver's 2023 annual report reveals a profitable year with increased mine life and silver production, despite a slight decrease in overall production compared to 2022.
Worse than expected
Insider Trading (Form 4)
Form 4: Electrum Silver Entities Disclose Gatos Silver Share Dispositions Following First Majestic Merger
Electrum Silver and related entities report the disposition of their Gatos Silver shares due to the merger with First Majestic Silver, receiving 2.55 First Majestic shares for each Gatos share.
A Gatos Silver executive, James Woeller, disposed of shares and stock options as part of the merger with First Majestic Silver Corp.
Director Karl Hanneman reports the disposal of Gatos Silver shares and conversion of stock options into First Majestic options following the merger.
Gatos Silver's CFO, Pieter A. van Niekerk, disposed of his stock options and restricted stock units as part of the merger with First Majestic Silver Corp.
A Gatos Silver executive, Luis Felipe Huerta, disposed of stock options and restricted stock units as part of the merger with First Majestic Silver Corp.
Gatos Silver's Vice President of Finance, Nicolas Vachon, disposed of stock options and restricted stock units as part of the merger with First Majestic Silver Corp.
Proxy Statements (Def-14A)
Gatos Silver and First Majestic Silver Corp. have received unconditional authorization from the Mexican Federal Economic Competition Commission to proceed with their merger, with shareholder votes scheduled for January 14, 2025.
Gatos Silver has announced a special meeting of stockholders to vote on the proposed merger with First Majestic Silver Corp., scheduled for January 14, 2025.
Delay expected
First Majestic Silver Corp. has agreed to acquire Gatos Silver Inc. in an all-stock transaction, creating a combined entity with significant silver and gold assets.