secwatch.observer — SEC 8-K summary
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Issuer:     Gatos Silver, Inc. (—)
CIK:        0001517006
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000950103-24-006380
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 4.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1517006/000095010324006380/0000950103-24-006380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1517006/000095010324006380/dp210912_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-006380

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