According to the lawsuit, defendants failed to disclose to investors that:
- the technical report for Gatos Silver’s primary mine, the Cerro Los Gatos deposit, contained certain errors;
- among other things, the mineral reserves had been overestimated by as much as 50%; and
- 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.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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