Why Shares of Gatos Mining Are Soaring This Week
After a delay in the company's reporting, precious metals investors finally got a look at Gatos Silver's (NYSE: GATO) financial results for the last three quarters. As of 10:39 a.m. ET, shares of Gatos Silver had risen 41.4% since the close of trading last Friday, according to data from S&P Global Market Intelligence. After finding errors in its 2020 technical report, Gatos Silver had to downwardly adjust the previously stated metal content of its mineral reserves.