Brief: Gatos Silver Explains Delay In Filing 2022 Year-End Financial Statements

Gatos Silver

01/04/2023 04:36

March 31 (Reuters) - Gatos Silver Inc  GATO.N :
    * GATOS SILVER EXPLAINS DELAY IN FILING 2022 YEAR-END
FINANCIAL
STATEMENTS AND ANNOUNCES RESTATEMENT OF PREVIOUSLY ISSUED
FINANCIAL STATEMENTS FOR NON-CASH ADJUSTMENTS
    * GATOS SILVER - NET EFFECT OF THESE ADJUSTMENTS WOULD
DECREASE BY
APPROX $4 TO $61 MILLION ITS REPORTED NET INCOME OF $18.3
MILLION FOR 9 MONTHS ENDED SEPT 30
    * GATOS SILVER - REQUIRED ADJUSTMENTS ARE NON-CASH AND
PRIMARILY
RELATE TO TIMING AND RECOGNITION OF NET DEFERRED TAX ASSETS AT
70%-OWNED LGJV
    * COMPANY CURRENTLY PLANS TO COMPLETE RESTATEMENTS AND FILE
ITS
2022 FORM 10-K BY APRIL 17, 2023
    * GATOS SILVER- RESTATEMENTS WILL HAVE NO EFFECT UPON
PRODUCTION
OR CASH FLOWS FOR AFFECTED PERIODS, AND WILL NOT AFFECT GUIDANCE
FOR 2023

Source text for Eikon:  ID:nGNX6dcL0R 
Further company coverage:  GATO.N 

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