GATO) SHAREHOLDER CLASS NOTICE: Bernstein Liebhard LLP announces that Gatos Silver, Inc. (NYSE: GATO) A class action lawsuit was filed.

Have you lost money investing in Gatos Silver? If so, visit Gatos Silver, Inc. Class action of shareholders or contact us Peter Allocco at (212) 951-2030 or [email protected] discuss their rights.

NEW YORK, March 30, 2022 / PRNewswire / – Bernstein Liebhard LLP announces that on behalf of investors who have purchased or acquired Gatos Silver, Inc. securities. (“Gatos” or “Company”) (NYSE: GATO) between October 28, 2020 a January 25, 2022, includingincluding those investors who have acquired Gatos ordinary shares in accordance with a registration statement issued in connection with the Company’s first public offering (the “IPO” or “offer”), and / or pursuant to that registration statement October 28, 2020 24.6 million shares of Gatos on $ 7.00 per share (“Class Period”). The lawsuit was filed in the U.S District Court for District o Colorado and accuses of violating the Securities Act of 1933 and the Stock Exchange Act of 1934.

Gatos focuses on mining, development and exploration of silver and zinc rich minerals. The main activity of the company is the Los Gatos Joint Undertaking (“LGJV”) in Chihuahua, Mexico with Dowa Metals and Mining Co., Ltd. In addition to the commercialization of lead and zinc concentrates, the company is conducting additional definition wells to define and expand the mineralization of the Cerro Los Gatos (“CLG”) deposit.

on October 29, 2020The Company has filed its prospectus on SEC Form 424B4, which forms part of the Registration Statement. Under the IPO, the Company sold approximately 24,644,500 ordinary shares at a price $ 7.00 per action. The company received net revenues of approximately $ 156.1 million from the offer. The proceeds of the IPO were allegedly used to decommission part of the Los Gatos Working Capital Facility, repurchase an 18.5% stake in the Los Gatos Joint Undertaking, finance short-term debt service needs, conduct a feasibility study for 3,000 tpd. extension of the production speed of the CLG mine and to working capital and general corporate purposes.

on January 25, 2022following the closure of the Gatos Silver market, it revealed that “there were errors in the technical report entitled” Los Gatos Project “, Chihuahua, Mexico“With effect from July 1, 2020 . . . , as well as indications that the existing resource model is overestimated.

Following this report, the Company’s share price decreased 7.02 USDor almost 69% to close at $ 3.17 to share on January 26, 2022with an unusually large volume of trades.

In the statement of registration and throughout the Period, the defendant groups made materially false and / or misleading statements, as well as did not disclose serious adverse events about the Company’s business, operations and prospects. In particular, the defendants did not inform the investors: (1) that the technical report for the Gatos primary mine, Cerro Los Gatos deposit, contained certain errors; (2) that, inter alia, mineral reserves have been overestimated by up to 50%; and (3) that, as a result of the above, the defendants’ affirmative statements about the company’s business, operations and prospects were materially misleading and / or lacked an adequate basis.

If you want to act as the main prosecutor, you must go to court no later than April 25, 2022. The lead plaintiff is the representative party acting on behalf of the other members of the class in litigation. Your ability to participate in any recovery does not require you to serve as the lead prosecutor. If you choose not to take any action, you can remain an absent member of the class.

If you have purchased GATO securities or ordinary shares under the Offer and / or would like to discuss your legal rights and options visit Gatos Silver, Inc. Class action of shareholders or contact Peter Allocco at (212) 951-2030 or [email protected].

Bernstein Liebhard LLP has recovered since 1993 $ 3.5 billion for their clients. In addition to representing individual investors, the company has retained some of the country’s largest public and private pension funds to monitor their assets and litigate on their behalf. As a result of its success in resolving hundreds of lawsuits and class actions, the company has been listed on The National Law Journal’s Plaintiffs’ Hot List for thirteen times and listed in The Legal 500 for ten consecutive years.

ADVOCATE ADVERTISING. © 2022 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Previous results do not guarantee or predict a similar result with respect to any future matter.

Contact Information:

Peter Allocco
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]

SOURCE Bernstein Liebhard LLP

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