Shares of Gatos Silver, Inc. (GATO) are trading 19% higher at a price of $3.185 at the time of this writing. The stock is leaping past peers on a mildly cheery day for the Materials sector. The market is undergoing a significant macro move (2.11%) which could be a factor in the stock's movement.
- Gatos Silver has released updates on the Cerro Los Gatos mineral reserve and mineral resource, as well as the life of mine plan.
Gatos Silver, Inc. has been trading between a 52-week high of $14.63 and a 52-week low of $2.2. The stock has a market cap of $220 Million.
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. To-date, 14 zones of mineralization have been defined within the district and all are characterized by silver-zinc-lead epithermal mineralization. More than 85% of the approximately 103,087-hectare mineral rights package has yet to be drilled, representing a highly prospective and underexplored district.