DENVER – (COMMERCIAL THREAD) – Gatos Silver, Inc. (NYSE: GATO) (TSX: GATO) (“Gatos Silver” or the “Company”) is pleased to announce the appointment of Dale Andres as President, effective June 1 2021. Mr. Andres will also assume the role of Chief Executive Officer of the Company’s wholly owned Mexican subsidiary, Minera Luz del Sol, effective June 1, 2021.
Mr. Andres is one of the most accomplished mining executives in the Americas, with more than three decades of experience in the resource industry, 25 of which have been distinguished by increasingly senior positions at Teck Resources Limited ( “Teck”), one of the world’s leading global mining companies. During his tenure at Teck, Mr. Andres held extraordinarily broad and high level responsibilities encompassing both base metals and precious metals. These spanned several key management positions, including that of Senior Vice President, Copper; vice-president, copper strategy and North American operations; Vice-President, Gold and International Mining, and General Manager, Underground Mines. In his most recent role, Senior Vice President, Base Metals, Mr. Andres was responsible for the zinc and copper business units, including the development of Teck’s $ 5 billion Quebrada Blanca copper project in the United States. Chile and was chairman of the board of directors of the Antamina joint venture in Peru. Mr. Andres holds a BA in Mining Engineering from Queen’s University in Kingston, Ontario, and a Graduate Diploma in Business Administration from Simon Fraser University in Burnaby, British Columbia.
“We are delighted to welcome Dale to the Gatos Silver leadership team,” said Stephen Orr, CEO of Gatos Silver. “His exceptional track record and extensive experience in the development and production of minerals in base and precious metals are perfectly suited to our asset base and perfectly aligned with our culture of operational excellence, safety, environmental stewardship and community engagement. We look forward to working with Dale to continue to create value for all stakeholders at Gatos Silver. ”
Dr Thomas S. Kaplan, Chairman of Electrum Group, the largest shareholder of Gatos Silver, said: “It is a wonderful testament to the institutional quality of Gatos Silver that an executive with Dale’s exceptional pedigree has joined the team. management of the company. In an age characterized by a marked shortage of blue chip assets like Cerro Los Gatos, the growing shortage of experienced, world-class talent in the mining industry is becoming just as pronounced. After moving Cerro Los Gatos up the value chain from initial discovery to peak production, we really couldn’t be happier with this development.
About Gatos Silver
Gatos Silver is a silver-dominant exploration, development and production company that has discovered a new mineral district rich in silver and zinc in the southern state of Chihuahua, Mexico. To date, 14 zones of mineralization have been defined in the district and all of them are characterized by epithermal silver-zinc-lead mineralization. More than 85% of the approximately 103,087 hectares of mineral rights have not yet been drilled, which represents a very promising and under-explored district. The Company recently constructed and commissioned its first operating mine and mineral processing plant at the Cerro Los Gatos deposit.
Forward-looking statements
This press release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of US and Canadian securities laws. All statements other than statements of historical fact contained in this press release, including statements regarding expected average annual production, are forward-looking statements. Forward-looking statements are based on the beliefs and assumptions of management and on information currently available to management. These statements are subject to risks and uncertainties, and actual results may differ materially from those expressed or implied in forward-looking statements due to various factors described in our documents filed with the United States Securities and Exchange Commission. and Canadian securities commissions. Certain forward-looking statements are based on assumptions, reservations and procedures which are set forth only in the technical report entitled “Project Los Gatos, Chihuahua, Mexico”, dated July 2020 with an effective date of July 1, 2020 ( the “Los Gatos Project, Chihuahua, Mexico” Technical Report ”) filed with the United States Securities and Exchange Commission and Canadian Securities Commissions. The scientific and technical disclosures contained in this press release have been approved by Philip Pyle, Vice President of Exploration and Chief Geologist of Gatos Silver, who is a “Qualified Person” as defined in National Instrument 43- 101 – Disclosure Standards for Mining Projects in Canada Securities Administrators. For a full description of the assumptions, qualifications and procedures associated with this information, please refer to the full text of Los Gatos’ technical report. Gatos Silver expressly disclaims any obligation or commitment to update any forward-looking statements contained in this press release to reflect any change in its expectations or any change in the events, conditions or circumstances upon which such statements are based, unless to do so. is required by law. No assurance can be given that such future results will be achieved. Forward-looking statements speak only as of the date of this press release.
