GATOS SILVER REPORTS RECORD QUARTERLY PRODUCTION; ANNOUNCES CEO SUCCESSION AND ADDITIONAL MANAGEMENT CHANGES

DENVER–(BUSINESS WIRE)– Gatos Silver, Inc. (NYSE/TSX: GATO) (“Gatos Silver” or the “Company”) today announced record silver production from the 70%-owned Cerro Los Gatos (“CLG”) mine during the first quarter of 2022 (”Q1 2022”). The Company also announced the appointment of Dale Andres, current President, as Chief Executive Officer and member of the Board of Directors (“Board”) as part of the Board’s CEO succession plan, as well as two additional executive management changes.

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