Popular on Rezul
- Get Overnight Realistic Wigs From Nadula Company
- CrowdHero: Football Battle NFT game Pre-Sale happening now
- CMRG Wins Gold Stevie Award for Human Resources Team of the Year
- Boca Raton Realtor Announces Website Launch to Help Buyers and Sellers
- Doug Sullivan of Ian Black Real Estate earns CCIM designation
- Overcomers Docuseries to Announce Recipient of New Home at Inaugural Women That Soar Mother's Day Brunch
- Reader Views Literary Awards Now Open for Submissions Featuring Enhanced Awards and Benefits for Indie Authors
- Levitt Pavilion Los Angeles in MacArthur Park
- Survive and Thrive: Langtons International Agency
- IOTAP (Work 365) Announces the Completion of SOC2 Type 1 Certification
Similar on Rezul
- Dungeon Forward Inks Multi Collection Deal with Nickelodeon and Paramount Consumer Products
- Blockchain Startup Aimed at Financial Inclusion Secures 25 Million Dollar Capital Commitment
- HR Tech Awards Recognizes Valuable Contributors to Hiring, Retention, and More
- 1040 Abroad: Live tax-free if you earn less than $112,000
- Implement The Exploration Of Charity In The Virtual World Concept Till The Very End
- Country Music Singer/Songwriter Ashley Wineland To Drop Full-Length Album 'I'm Gonna Ride'
- 1040 Abroad publishes authoritative guide on the Foreign Tax Credit (FTC) and form 1116
- 1040 Abroad publishes authoritative guide on the Foreign Earned Income Exclusion (FEIE)
- Author & Mental Health Advocate, George Johnson, Kicks Off Book Tour at Atlanta Black-Owned Bookstore
- Living Abroad and IMPACT Group Awarded EMMA by Forum for Expatriate Management (FEM)
Gatos Silver Provides Bi-Weekly Status Report
Rezul News/10580174
DENVER--(BUSINESS WIRE)--Gatos Silver, Inc. (NYSE/TSX: GATO) ("Gatos Silver" or the "Company") is providing this bi-weekly default status report in accordance with National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). In its March 18, 2022 news release (the "Notice"), the Company announced the delay in the filing of its annual report on Form 10-K for the year ended December 31, 2021, which includes its audited consolidated financial statements as at and for the year ended December 31, 2021, together with the auditor's report thereon and the notes thereto, its management's discussion and analysis for the year ended December 31, 2021 relating to the audited annual financial statements, and the Chief Executive Officer and Chief Financial Officer certificates relating to its annual filings by the filing deadline of March 31, 2022.
The Company announces today that it intends to delay the filing of its interim financial filings on Form 10-Q for the quarterly period ended March 31, 2022, which includes interim financial statements as at and for the quarterly period ended March 31, 2022, together with its management's discussion and analysis for the quarterly period ended March 31, 2022 relating to the interim financial statements, and the Chief Executive Officer and Chief Financial Officer certificates relating to its interim filings by the filing deadline of May 16, 2022. The Company believes that it will be able to file its quarterly report on Form 10-Q for the quarter ended March 31, 2022 in the second half of 2022. The Company is also evaluating the material weaknesses in its internal controls over financial reporting related to the mineral reserve reporting errors. The Company's financial statements for the year ended December 31, 2021 and quarter ended March 31, 2022 may be affected by the ongoing analysis of the aforementioned mineral reserve matters.
More on Rezul News
A management cease trade order was granted by the Ontario Securities Commission on April 1, 2022 (the "Original MCTO") and the Ontario Securities Commission granted an additional management cease trade order on April 12, 2022 (the "Additional MCTO" and together with the Original MCTO, the "MCTO").
Pursuant to NP 12-203, the Company must file bi-weekly status reports in the form of further news releases during the period from the Notice until the MCTO is revoked. The Company reports that since the Notice: (i) there have been no material changes regarding the information contained in the Notice that have not been disclosed in a bi-weekly default status report; (ii) there have been no failures by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203; and (iii) there has not been any specified default subsequent to the default announced in the Notice.
About Gatos Silver
Gatos Silver is a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico. As a 70% owner of the Los Gatos Joint Venture ("LGJV"), the Company is primarily focused on operating the mine and mineral processing plant at the LGJV's Cerro Los Gatos deposit which started producing in 2019. More than 85% of the approximately 103,087-hectare mineral rights package has yet to be drilled, representing a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets.
Forward-Looking Statements
More on Rezul News
This press release may contain certain information that may constitute "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of U.S. and Canadian securities laws. The forward-looking statements contained herein include statements about the timing for filing of the Company's interim financial information on Form 10-Q and the Company's annual report on Form 10-K. While the Company has based these forward-looking statements on its current expectations about future events, the statements are not guarantees of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties, assumptions and factors include, amongst others, the results of the ongoing analysis by the Company of the overestimation of its resource and reserve and the timing of an updated technical report. Further, although the Company has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. As there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, readers should not place undue reliance on forward-looking statements.
Contacts
Investors and Media Contact
Adam Dubas
Chief Administrative Officer
investors@gatossilver.com
(720) 726 9662
The Company announces today that it intends to delay the filing of its interim financial filings on Form 10-Q for the quarterly period ended March 31, 2022, which includes interim financial statements as at and for the quarterly period ended March 31, 2022, together with its management's discussion and analysis for the quarterly period ended March 31, 2022 relating to the interim financial statements, and the Chief Executive Officer and Chief Financial Officer certificates relating to its interim filings by the filing deadline of May 16, 2022. The Company believes that it will be able to file its quarterly report on Form 10-Q for the quarter ended March 31, 2022 in the second half of 2022. The Company is also evaluating the material weaknesses in its internal controls over financial reporting related to the mineral reserve reporting errors. The Company's financial statements for the year ended December 31, 2021 and quarter ended March 31, 2022 may be affected by the ongoing analysis of the aforementioned mineral reserve matters.
More on Rezul News
- Mogharebi Group Brokers Sale of Ontario, CA Multifamily Community for $23.935 Million
- Blockchain Startup Aimed at Financial Inclusion Secures 25 Million Dollar Capital Commitment
- HR Tech Awards Recognizes Valuable Contributors to Hiring, Retention, and More
- The Martini Shot Launches A Sci-Fi Martial Arts and Fashion Franchise
- 1040 Abroad: Live tax-free if you earn less than $112,000
A management cease trade order was granted by the Ontario Securities Commission on April 1, 2022 (the "Original MCTO") and the Ontario Securities Commission granted an additional management cease trade order on April 12, 2022 (the "Additional MCTO" and together with the Original MCTO, the "MCTO").
Pursuant to NP 12-203, the Company must file bi-weekly status reports in the form of further news releases during the period from the Notice until the MCTO is revoked. The Company reports that since the Notice: (i) there have been no material changes regarding the information contained in the Notice that have not been disclosed in a bi-weekly default status report; (ii) there have been no failures by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines under NP 12-203; and (iii) there has not been any specified default subsequent to the default announced in the Notice.
About Gatos Silver
Gatos Silver is a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico. As a 70% owner of the Los Gatos Joint Venture ("LGJV"), the Company is primarily focused on operating the mine and mineral processing plant at the LGJV's Cerro Los Gatos deposit which started producing in 2019. More than 85% of the approximately 103,087-hectare mineral rights package has yet to be drilled, representing a highly prospective and under-explored district with numerous silver-zinc-lead epithermal mineralized zones identified as priority targets.
Forward-Looking Statements
More on Rezul News
- Rick Vermillion shares front yard landscaping tips for your Colorado Springs home
- Implement The Exploration Of Charity In The Virtual World Concept Till The Very End
- Global Changemakers Celebrate Black Women In Film At Cannes Film Festival In Response To Gross Underrepresentation In Competition, over 75-years
- Country Music Singer/Songwriter Ashley Wineland To Drop Full-Length Album 'I'm Gonna Ride'
- BH Properties Acquires LA Suburban Office Campus from Blue Shield in $15 Million Sale/Leaseback
This press release may contain certain information that may constitute "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of U.S. and Canadian securities laws. The forward-looking statements contained herein include statements about the timing for filing of the Company's interim financial information on Form 10-Q and the Company's annual report on Form 10-K. While the Company has based these forward-looking statements on its current expectations about future events, the statements are not guarantees of the Company's future performance and are subject to risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties, assumptions and factors include, amongst others, the results of the ongoing analysis by the Company of the overestimation of its resource and reserve and the timing of an updated technical report. Further, although the Company has attempted to identify factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. As there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, readers should not place undue reliance on forward-looking statements.
Contacts
Investors and Media Contact
Adam Dubas
Chief Administrative Officer
investors@gatossilver.com
(720) 726 9662
Filed Under: Business
0 Comments
Latest on Rezul News
- Buying Buddy IDX CRM now available for TELLURIDE MLS
- Real Estate Agents in Orange County, CA - OC Real Estate Agent
- Christine Kourik Earns Annual Sales Production Award
- Growing Up Beckham: Kordell Beckham Makes Runway Debut
- Comedian Don Barnhart Brings Nightly Laughter To Jokesters Comedy Club In Las Vegas
- Ntozake Shange's For Colored Girls Revival Nominated for 7 Tony Awards
- Premium Brands Enter Santé Wine & Spirits Competition
- Green Science Solutions To Demo Gold Standard Cleaning Platform For Healthier Senior Living At Argentum 2022
- Kuester Management Group Shares Tips for Reducing Risk of HOA Special Assessments
- Universe Holdings Acquires Second Multifamily Property in Ventura, CA for $14.55 Million
- Kano Laboratories Introduces Kroil Penetrant with Graphite for High Temperature Environments
- Teenear Samples Brandy's "The Boy Is Mine" on her Single Release Ain't Mine - Available May 13th on all streaming platforms
- African Arts Academy Hosts Modern Ethnic Fashion Show in San Francisco communities
- The State of the Oregon Real Estate Market and Sundance Realty LLC: April 2022
- Luxury Presence Streamlines Sales Presentations with New Groundbreaking Tool
- 1040 Abroad offers an incentive to existing customers to refer a friend, while reminding expatriates of the upcoming June 15, 2022 deadline
- The Doral Chamber of Commerce Welcomes Back Renovations Property Management as Trustee Member
- IndyGeneUS AI Awarded Grant Funding through QuickFire Challenge
- Powerstone's Joe Price is Tapped by California Association of Community Managers
- Five to Flow and NTeli Form Strategic Partnership to Improve Business Performance on Technology Transformation Programs