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Gatos Silver, Inc. (TSX: GATO)
OVERVIEW
A proposed class action lawsuit has been filed in Ontario against Gatos Silver, Inc. (TSX: GATO) and other defendants.
Gatos is a US-based precious metals production and exploration company focused primarily on silver. Their key operating project is the Cerro Los Gatos (“CLG”) mine in Chihuahua, Mexico. The action alleges, among other things, that the defendants misrepresented the reliability of mineral reserve and resource estimates pertaining to CLG.
The plaintiff alleges that these misrepresentations were corrected on January 25, 2022, when the Company announced that there were errors in the technical report connected to CLG. When this news was revealed to the market, the value of Gatos’s shares declined by almost 70%.
Copies of the Notice of Action and Statement of Claim are available under Documents.
Proposed Class
The proposed class action is brought on behalf of investors who acquired Gatos’s securities between October 28, 2020 and the January 25, 2022.
DOCUMENTS
For more information please contact Sharon Wong, Paralegal at (604) 689-7555 or by email at [email protected].
Gatos Silver, Inc. (TSX: GATO) - Status Updates:
Gatos Silver, Inc. (TSX: GATO) - View
