Investigation announced for Investors in Gatos Silver, Inc. (NYSE: GATO) over potential Wrongdoing

An investigation was announced over potential breaches of fiduciary duties by certain officers and directors at Gatos Silver, Inc.

Investors who purchased shares of Gatos Silver, Inc. (NYSE: GATO) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Gatos Silver, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.

On February 22, 2022, a lawsuit was filed by an investor in Gatos Silver, Inc. (NYSE: GATO) alleged violations of Federal Securities Laws. in connection with certain allegedly false and misleading statements made in connection with the Company's initial public offering (the "IPO" or "Offering") conducted on or about October 28, 2020 and between October 28, 2020 and January 25, 2022. The plaintiff claimed that the defendants failed to disclose to investors that the technical report for Gatos's primary mine, the Cerro Los Gatos deposit, contained certain errors, that, among other things, the mineral reserves had been overestimated by as much as 50%, and that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

On August 15, 2022, an amended complaint was filed.

Those who purchased shares of Gatos Silver, Inc. (NYSE: GATO) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.