Los Angeles - (NewMediaWire) - February 01, 2022 - The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Gatos Silver, Inc. (“Gatos Silver” or “the Company”) (NYSE: GATO) for violations of the securities laws.
The investigation focuses on whether the Company
issued false and/or misleading statements and/or failed to disclose information
pertinent to investors. Gatos Silver provided investors with an update on
resources and reserves for the Los Gatos Joint Venture on January 25, 2022. The
Company admitted that it had “concluded that there were errors in the technical
report entitled ‘Los Gatos Project, Chihuahua, Mexico’ with an effective date
of July 1, 2020 (the ‘2020 Technical Report'), as well as indications that
there is an overestimation in the existing resource model." The Company
disclosed that a preliminary estimate of the reduction in metal content ranges
from 30% to 50% remaining after depletion. Based on this news, shares of Gatos
Silver are down almost 65% in intraday trading on January 26, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.
310-301-3335
View the original release on www.newmediawire.com