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Gatos Silver Q1 Results; Hycroft Mining Highlights Silver Discovery; ZK International Closes $5M Financing And More: Tuesday's Top Mining Stories

Top Stories for May 7, 2024: 1. Gatos Silver (NYSE:GATO) announced its first-quarter results and operational performance at the Cerro Los Gatos mine. The company reported revenue of $72.2 million (up 3%) and net income of $10.2 million (down 20%).  EBITDA was $35.1 million (down 11%), while cash flow from operations was $37.3 million (down 7%).  Sustaining capital increased by 17% to $8.9 million, and free cash flow was $25.5 million. Silver equivalent production also remained consistent at 3.70 million ounces.  CEO Dale Andres highlighted that silver production is expected to be in the top half of guidance, while costs remain in the lower half as the company advances its growth initiatives and explores new targets. 2. Hycroft Mining ...