GATOS SILVER SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses Greater Than $100,000 of Lead Plaintiff Deadline in Gatos Class Action Silver, Inc. – GATO

NEW ORLEANS–(BUSINESS WIRE)–Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Louisiana Attorney General Charles C. Foti, Jr., reminds investors that they have until April 25, 2022 to file claims as lead plaintiff in a class action lawsuit against Gatos Silver, Inc. (NYSE: GATO), if it purchased the securities of the Company between October 28, 2020 and January 25, 2022 inclusive (the “Class Period Collective”) and/or purchased or otherwise acquired the Company’s shares in connection with the Company’s October 2020 initial public offering (the “IPO”). This action is pending in the United States District Court for the District of Colorado.

What you can do

If you have purchased securities or shares of Gatos as above and wish to discuss your legal rights and how this matter may affect you and your right to recover your economic loss, you may, without obligation or costs for you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or by email ([email protected]), or visit https://www.ksfcounsel.com/cases/nyse-gato/ to learn more. If you wish to act as lead plaintiff in this class action, you must submit a motion to the court in April 25, 2022.

About the trial

Gatos Silver and certain of its officers are accused of failing to disclose material information during the Class Period and/or in the Registration Statement and Prospectus issued in conjunction with the initial public offering, in violation of federal securities.

On January 25, 2022, post-marketing, the Company disclosed “errors in the technical report titled ‘Los Gatos Project, Chihuahua, Mexico’ with an effective date of July 1, 2020 . . . , along with indications that there is an overestimate in the existing resource model” and that on a preliminary basis, the Company has estimated a potential reduction in the metal grade of its CLG Mineral Reserve ranging from 30% to 50% of the grade in metal remaining after depletion.

On this news, shares of Gatos Silver fell $7.02 per share, or approximately 68.9%, to close at $3.17 per share on January 26, 2022.

The case is Bilinsky v. Gatos Silver, Inc., et al., No. 22-cv-453.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – in seeking recoveries for investment losses resulting from corporate fraud or malfeasance by listed companies. KSF has offices in New York, California, Louisiana and New Jersey.

To learn more about KSF, you can visit www.ksfcounsel.com.

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