(Kitco News) – Gatos Silver (NYSE/TSX: GATO) reported today that full power from Mexico’s national power grid has been restored at its Cerro Los Gatos (“CLG”) mine site.
The company said that CLG is currently operating the surface facilities and the full complement of underground mining infrastructure and activities. The CLG process plant will resume operation early this week upon completion of the previously accelerated maintenance activities that commenced during the temporary power restriction in Northern Mexico.
Gatos added that given the expedited restoration of full grid power, the outage has had minimal impact on the company’s mining and processing activities.
Gatos Silver is a silver dominant exploration, development and production company that discovered a new silver and zinc-rich mineral district in southern Chihuahua State, Mexico. The company recently built and commissioned its first operating mine and mineral processing plant at the Cerro Los Gatos deposit, which is expected to produce 12.2 million silver equivalent ounces annually.