Gatos Silver reports production decline in Q2, reaffirms 2023 guidance GatosSilver
- Gatos Silver reported Monday that its 70%-owned Cerro Los Gatos mine in Mexico produced 2.0 million ounces of silver in Q2 2023, 13% below the 2.3 million ounces in Q2 2022.
The company’s Q2 2023 zinc production decreased by 5% y-o-y to 14.8 million pounds, lead production declined by 18% to 9.7 million pounds, and gold production decreased by 6% to 1.2 thousand ounces, primarily due to lower mill feed grades as expected in the mine plan. CEO Dale Andres commented, “The CLG mine continues to perform very well with another record for mill throughput rate during the quarter, supported by further mine debottlenecking and plant optimization efforts.
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