Gatos Silver Hit With Investor Suit on Mexico Mine Report Errors – Bloomberg Law

Gatos Silver Inc. misled investors about errors in a technical report for its primary mine in Mexico and the overestimation of mineral reserves, a new suit alleges in federal court in Colorado.

The silver and zinc mining company touted the mineral reserves at its project in Chihuahua ahead of its 2020 initial public offering, then later disclosed errors in its technical report for the Cerro Los Gatos deposit, according to a would-be class complaint filed in the U.S. District Court for the District of Colorado.

Gatos Silver last month revealed the report might have overestimated the mineral reserve’s metal content …