Gatos Silver, Inc. Investors: Company Investigated by the Portnoy Law Firm

Thursday, 27. January 2022 02:49

Investors can contact the law firm at no cost to learn more about recovering their losses

LOS ANGELES, Jan. 26, 2022 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Gatos Silver, Inc. (“Gatos Silver” or the “Company”) (NYSE: GATO) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors.

Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case via www.portnoylaw.com. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.

Gatos Silver is a silver exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico.

On January 25, 2022, after-market hours, Gatos Silver revealed that “there were errors in the technical report entitled ‘Los Gatos Project, Chihuahua, Mexico’ with an effective date of July 1, 2020 . . . , as well as indications that there is an overestimation in the existing resource model.” On a preliminary basis, the Company estimates a potential reduction of the metal content of its Cerro Los Gatos’ mineral reserve ranging from 30% to 50% of the metal content remaining after depletion. On this news, the price of Gatos Silver stock declined by $7.02 per share, or approximately 68.9%, from $10.19 per share to close at $3.17 per share on January 26, 2022.

Please visit our website to review more information and submit your transaction information.

The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.

Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com

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