Gatos Silver (GATO)

Company Profile

sunshine silver mining & refining is a privately-held u.s. based silver company that is advancing its two principle projects, the sunshine mine in idaho and the los gatos project in chihuahua, mexico. the sunshine mine deposit is one of the highest grade large primary silver deposits in the world with a resource of 75 million measured & indicated and 221 million inferred silver ounces at an average grade of 827 grams per tonne. the company also owns the sunshine precious metals refinery adjacent to the sunshine mine and is the only silver mining and processing company in north america that is fully integrated and certified to sell high purity silver directly to the comex in new york. the los gatos project is a joint venture between sunshine silver mining & refining corp (sunshine silver) and dowa metals & mining ltd (dowa) where sunshine silver has 70% ownership and is the operating partner. the project is comprised of 103,000 contiguous acres of mineral rights that define a new silver

Company profile

Ticker

GATO

Exchange

NYSE

Website

sunshinesilvermining.com

Incorporated

Delaware

Location

British Columbia, Canada

Fiscal year end

Dec 31

Sector

Non-Energy Minerals > Other

Industry (SIC)

Gold and Silver Ores

Barrick Gold • Newmont • Anglogold Ashanti • Gold Fields Ltd - ADR - Level II • Agnico Eagle Mines • Coeur Mining • McEwen Mining • Novagold Resources • Fortitude Gold • Ur-Energy ...

Former names

SUNSHINE SILVER MINES Corp, Sunshine Silver Mining & Refining Corp

SEC CIK

0001517006

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Minera Luz del Sol, S. de R.L. de C.V. • Gatos Silver Canada Corporation ...

GATO stock data

1M 1Y 5Y

Latest filings (excl ownership)

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8-K

Gatos Silver Reports Third Quarter 2023 Financial Results and Increases 2023 Production Guidance

6 Nov 23

Results of Operations and Financial Condition

10 Oct 23

8-K

Submission of Matters to a Vote of Security Holders

7 Sep 23

8-K

Regulation FD Disclosure

6 Sep 23

8-K

Gatos Silver Reports Second Quarter 2023 Financial Results

8 Aug 23

Annual report to shareholders

26 Jul 23

DEFA14A

Additional proxy soliciting materials

26 Jul 23

Transcripts

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GATO

Earnings call transcript

2023 Q3

7 Nov 23

GATO

Earnings call transcript

2023 Q2

9 Aug 23

GATO

Earnings call transcript

2023 Q2

9 Aug 23

GATO

Earnings call transcript

2023 Q1

28 Jun 23

GATO

Earnings call transcript

2021 Q3

8 Nov 21

GATO

Earnings call transcript

2021 Q2

9 Aug 21

GATO

Earnings call transcript

2021 Q1

9 May 21

Latest ownership filings

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Quintanilla Daniel Muniz

14 Nov 23

Anthony Michael Scott

Financial summary

Financial statements Chart GATO financial data

Quarter (USD)	Sep 23	Jun 23	Mar 23	Dec 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	33.47 mm	33.47 mm	33.47 mm	33.47 mm	33.47 mm	33.47 mm
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	556.67 k	305.08 k
Cash used (since last report)	n/a	n/a	n/a	n/a	1.22 mm	667.30 k
Cash remaining	n/a	n/a	n/a	n/a	32.25 mm	32.80 mm
Runway (months of cash)	n/a	n/a	n/a	n/a	57.9	107.5

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2023

GATO institutional ownership history Ownership history

76.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	55	55	–
Opened positions	9	8	+12.5%
Closed positions	9	27	-66.7%
Increased positions	16	16	–
Reduced positions	15	19	-21.1%

13F shares	Current	Prev Q	Change
Total value	118.56 bn	85.70 bn	+38.3%
Total shares	52.96 mm	52.93 mm	+0.1%
Total puts	4.80 k	9.10 k	-47.3%
Total calls	40.60 k	21.20 k	+91.5%
Total put/call ratio	0.1	0.4	-72.5%

Largest owners	Shares	Value	Change
Electrum Silver US	22.00 mm	$228.41 mm	0.0%
Municipal Employees' Retirement System of Michigan	6.21 mm	$32.14 mm	0.0%
Condire Management	5.67 mm	$29.40 bn	+959.1%
FMR	3.63 mm	$18.79 bn	-56.1%
Exor Investments	3.45 mm	$17.87 bn	0.0%
SII Sprott	3.21 mm	$16.59 bn	+2.6%
Van Eck Associates	1.73 mm	$8.96 mm	+0.7%
MKFCF Mackenzie Financial	1.24 mm	$5.88 bn	0.0%
Mirae Asset Global Investments	1.20 mm	$6.23 bn	+2.0%
BLK Blackrock	683.46 k	$3.54 bn	-6.5%

Largest transactions	Shares	Bought/sold	Change
Condire Management	5.67 mm	+5.14 mm	+959.1%
FMR	3.63 mm	-4.63 mm	-56.1%
Renaissance Technologies	0.00	-209.00 k	EXIT
Dimensional Fund Advisors	344.45 k	+185.28 k	+116.4%
Millennium Management	169.27 k	-162.99 k	-49.1%
First Trust Advisors	126.17 k	+126.17 k	NEW
D. E. Shaw & Co.	0.00	-110.77 k	EXIT
HRT Financial	0.00	-81.81 k	EXIT
SII Sprott	3.21 mm	+81.08 k	+2.6%
Two Sigma Investments	203.59 k	-74.56 k	-26.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

GATO insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Nov 23	Dale Andres	Common Stock	Buy	Acquire P	No	No	4.58	2,041	9.35 k	450,729
9 Nov 23	Dale Andres	Common Stock	Buy	Acquire P	No	No	4.65	10,459	48.63 k	448,688
9 Nov 23	Dale Andres	Common Stock	Buy	Acquire P	No	No	4.7	12,500	58.75 k	438,229
9 Nov 23	Ali Erfan	Common Stock	Grant	Acquire A	No	No	0	9,494	0.00	34,642
9 Nov 23	Ali Erfan	Employee Stock Option Common Stock	Grant	Acquire A	No	No	4.74	19,175	90.89 k	19,175
9 Nov 23	Igor Gonzales	Common Stock	Grant	Acquire A	No	No	0	9,494	0.00	46,716
9 Nov 23	Igor Gonzales	Employee Stock Option Common Stock	Grant	Acquire A	No	No	4.74	19,175	90.89 k	19,175
9 Nov 23	Charles Hansard	Common Stock	Grant	Acquire A	No	No	0	9,494	0.00	24,920
9 Nov 23	Charles Hansard	Employee Stock Option Common Stock	Grant	Acquire A	No	No	4.74	19,175	90.89 k	19,175
9 Nov 23	David W Peat	Common Stock	Grant	Acquire A	No	No	0	9,494	0.00	82,777