Wolf Popper LLP Reminds Gatos Silver, Inc. Investors of April 25, 2022 Lead Plaintiff Deadline

New York, New York--(Newsfile Corp. - March 10, 2022) - Wolf Popper LLP announces that a class action lawsuit has been filed on behalf of purchasers of Gatos Silver, Inc. (NYSE: GATO) securities in the U.S. District Court for the District of Colorado. Investors who purchased (a) Gatos Silver common stock pursuant and/or traceable to the Registration Statement issued in connection with Gatos Silver's initial public offering ("IPO") conducted on or about October 28, 2020; and/or (b) Gatos Silver securities between October 28, 2020 and January 25, 2022 ("Class Period") have until April 25, 2022 to seek appointment as lead plaintiff in the class action.

Gatos is predominantly a silver exploration, development and production mining company with operations in Mexico. Gatos owns a 70% stake in the Los Gatos Joint Venture (LGJV). Gatos's two projects include the Cerro Los Gatos mine (CLG) and the Los Gatos District which is comprised of over a 100,000-hectare land position.

After the market closed on January 25, 2022, Gatos issued a press release disclosing there were errors in a July 1, 2020 technical report and there was an overestimation of the company's resource model. Gatos believed the metal content of the CLG mine would be reduced by 30% to 50%. That overestimation could constitute an event of default under Gatos's credit facility and may also have a financial statement impact. As a result of that disclosure, Gatos Silver's stock price collapsed almost 69% on the day and closed at $3.17 per share.

The Gatos Silver class action lawsuit alleges, among other things, that Gatos Silver and the other defendants failed to disclose that: (i) the technical report for the CLG mine contained certain errors; (ii) the mineral reserves had been overestimated by as much as 50%, and (iii) as a result, defendants' positive statements about Gatos Silver's business, operations, and prospects were material misleading and/or lacked a reasonable basis.

The Private Securities Litigation Reform Act of 1995 permits any investor who purchased Gatos Silver common stock pursuant or traceable to Gatos Silver's IPO or Gatos Silver securities during the Class Period to ask the court to be appointed as lead plaintiff in the Gatos Silver securities class action litigation. A lead plaintiff acts on behalf of all other class members in directing the class action lawsuit, and can select a law firm of its choice to litigate the class action lawsuit. A court will generally appoint as lead plaintiff the movant with the greatest financial interest in the relief sought by the proposed class of investors and that is also typical and adequate of the proposed class. An investor's ability to share in any potential future recovery obtained in the litigation is not dependent upon serving as lead plaintiff.

Investors who suffered losses trading in Gatos Silver securities and would like to discuss the lawsuit are encouraged to contact Joshua Ruthizer by calling (212) 451-9668 or (877) 370-7703or via e-mail at jruthizer@wolfpopper.com.

Wolf Popper has successfully recovered billions of dollars for defrauded investors. Wolf Popper's reputation and expertise have been repeatedly recognized by the courts, which have appointed the firm to major positions in securities litigation. For more information about Wolf Popper, please visit the Firm's website at www.wolfpopper.com.

Attorney Advertising: Prior Results Do Not Guarantee A Similar Outcome.

Wolf Popper LLP
Joshua Ruthizer
845 Third Avenue
New York, NY 10022
Tel.: (212) 451-9668
Email: jruthizer@wolfpopper.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/116225