Loading ...Gatos Silver (GATO): Run away like a scalded cat
Just when you think the mining sector can’t get any worse, Gatos Silver (GATO) drops this on the market tonight:
“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. Since the 2020 Technical Report, depletion is 1.3 million tonnes grading 284 g/t silver, 3.9% zinc, 2.3% lead and 0.3 g/t gold that has been processed from July 1, 2020 to December 31, 2021.