Davis Polk Advises Gatos Silver, Inc. on Its $150 Million Initial Public Offering

Davis Polk advised Gatos Silver, Inc. on its SEC-registered initial public offering of 21,430,000 common shares for total gross proceeds of approximately $150 million. In addition, Gatos Silver has granted the underwriters a 30-day option to purchase up to 3,214,500 additional shares of common stock. Gatos Silver is listed on the New York Stock Exchange and the Toronto Stock Exchange under the ticker symbol “GATO."

Gatos Silver is a U.S.-based precious metals production, development and exploration company with the objective of becoming a premier silver producer. It is currently focused on the production and continued development of the Cerro Los Gatos Mine and the further exploration and development of the Los Gatos District.

The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Derek Dostal and associates Stephen A. Byeff, David Li and Chelsea Renter. Partner Veronica M. Wissel, counsel Gregory D. Hughes and associate Kathleen Ginder provided executive compensation advice. Partner Mario J. Verdolini and associate Lex L. Varga provided tax advice. All members of the Davis Polk team are based in the New York office.