Gatos Silver restates cash flow statements; Q1 net income rises to $2.5M

Gatos Silver, Inc.

Restates cash flow statements for three/nine months ended Sep 2023 and FY2023 due to LGJV capital distribution misclassification; no impact on income or balance sheet.
Q1 2024 net income $2.5M ($0.04 EPS) vs $0.8M ($0.01 EPS) YoY; EBITDA $1.8M up 107%.
Cash balance $70.6M at March 31, 2024 (+27% from Dec 2023); received $21M LGJV capital distribution in Q1.
Full-year 2024 guidance: silver and silver-equivalent production expected in top half of range; AISC in lower half.
Placed $4M into escrow for class action lawsuits (company share); insurers funded $20M.

item 2.02 item 4.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Gatos Silver, Inc. reported financial results for the quarter ended March 31, 2024.

Period: the quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 6, 2024, Gatos Silver, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0000950103-24-006380

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