Gatos Silver: Mine life extended to 2032-end with 36% increase in total AgEq

Gatos Silver reported an updated life of mine plan or the “2024 LOM Plan, that adds two years of additional reserves and a 36% increase in silver equivalent production compared with the prior LOM plan at the Cerro Los Gatos Mine or CLG in Mexico…Dale Andres, CEO of Gatos Silver, said: “We continue to deliver on CLG’s growth potential through disciplined optimization of our assets and successful near-mine resource expansion and conversion. The 2024 LOM Plan represents our second consecutive multi-year mine life extension with the current mine life now extended to the end of 2032 in conjunction with higher mill throughput rates, which are now expected to exceed design capacity by 40% starting in mid-2025.”..Total silver equivalent production over the LOM expected to increase by 36% and total silver production expected to increase by 22%…Average annual production of 7.0 million ounces of silver and 14.0 million ounces of silver equivalent expected during the 2025 to 2027 period with further optimization potential