04:24 PM EST, 01/09/2025 (MT Newswires) -- Gatos Silver ( GATO ) after close of trade Thursday reported 2024 production for its 70%-owned Cerro Los Gatos (CLG) mine in Mexico.

Silver production was "at the top end of the 2024 guidance range" and silver equivalent production was "slightly above the top end of the 2024 guidance range," according to the company.

Silver production in 2024 was 9.68 million ounces, compared with guidance as upwardly revised in October, of 9.2 million ounces to 9.7 million ounces. Zinc production of 69.7 million pounds, lead production of 46.4 million pounds, and gold production of 5.53 thousand ounces were all slightly above the high end of guidance, which did not change during 2024.

"The CLG mine delivered another excellent quarter of production to end another very strong year in 2024," said CEO Dale Andres. "We achieved our eighth consecutive quarterly record for mill throughput in the fourth quarter of 2024, with an average throughput rate of above 3,300 tonnes per day, which is 33% above the original design capacity. Production across all of our metals met or slightly exceeded the top end of our upwardly revised 2024 guidance ranges."

The company's shares closed up $0.37 to $22.01 on the Toronto Stock Exchange.