Gatos Silver Acquisition, Valuation, Funding & Investors

Gatos Silver was acquired by First Majestic Silver for $970M in September 2024.

Gatos Silver acquisition price

$970M

Acquired by First Majestic Silver · Sep 2024

Gatos Silver EBITDA multiple at acquisition

9.2x

EV/EBITDA · Sep 2024

Cumulative funding Gatos Silver raised

$25M

across 1 funding round

Gatos Silver Overview

About Gatos Silver

Gatos Silver is a Mexico-focused silver producer operating the Cerro Los Gatos mine in Chihuahua state. The open-pit and underground facility processes 3,000 tonnes per day, yielding silver equivalent output from silver, zinc, and gold ores. The company explores the 103,000-hectare Los Gatos district for additional deposits and maintains a joint venture with Dowa Metals & Mining.


Founded

2010

HQ

CanadaVancouver

Status

Acquired

Customer focus

B2B

Revenue model

Product sales

Valuation

$970M (acquired Sep 2024)

Gatos Silver Acquisition

Gatos Silver was acquired by First Majestic Silver for $970M on 5 September 2024.

The acquisition price implies a 9.2x EBITDA multiple.

Before the acquisition Gatos Silver had raised $25M across 1 funding round.

Gatos Silver acquisition details
AcquirerDateTypePriceEV/EBITDA
5 Sep 2024Strategic M&A$970M9.2x

Gatos Silver Funding History

Gatos Silver has raised a total of $25M across 1 funding round.

Gatos Silver funding rounds

Gatos Silver funding rounds
DateStageRaisedDeal Summary
Jun 2019Undisclosed stage$25MGatos Silver is a precious metals mining company operating silver mines in Mexico. The company completed an unattributed funding event on June 13, 2019. The earliest disclosed valuation for Gatos Silver is from its October 2020 IPO, which valued the company at $431.36M. As of March 2026, Gatos Silver trades publicly under ticker GATO with a market capitalization of approximately $998.75M and an enterprise value of $882.21M. The company had negative EBITDA of -$21.87M and operating income of -$21.89M as of its most recent earnings in February 2025, reflecting the cyclical and capital-intensive nature of mining operations.

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Gatos Silver Competitors

Gatos Silver competitors include listed companies like Kingsgate, Lithium Argentina and CAP, and private ones like McEwen Copper, TechMet and Pioneer Aluminium Industries.

Public and private companies comparable to Gatos Silver
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
KingsgateAustraliaAustraliaPublicly listed$240M$34M$982M2.2x
Lithium ArgentinaSwitzerlandSwitzerlandPublicly listed-($97M)$955M-
CAPChileChilePublicly listed$1.9B$443M$988M1.9x
McEwen CopperCanadaCanadaPrivate--$947M-
TechMetIrelandDublinPrivate--$1B-
Pioneer Aluminium IndustriesIndiaAndraPrivate--$939M-

Gatos Silver Public Comps

Gatos Silver is no longer listed, but its public comps include Kingsgate, Lithium Argentina, CAP, Troax Group, Compass Minerals, Critical Metals, Sigma Lithium, Honbridge Holdings, Lithium Americas and FireFly Metals.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Kingsgate$240M$34M4.0x2.2x28.1x4.4x
Lithium Argentina-($97M)--(12.0x)11.0x
CAP$1.9B$443M1.8x1.9x8.1x7.7x
Troax Group$302M$43M3.1x2.5x21.4x14.7x
Compass Minerals$1.2B$117M1.4x1.3x14.8x7.5x
Critical Metals-($52M)--(17.7x)(41.3x)
Sigma Lithium$110M($2M)11.6x6.1x(710.0x)15.3x
Honbridge Holdings$29M($7M)33.3x-(150.3x)-

This data is available for Pro users. Sign up to see all Gatos Silver competitors and their valuation data.

Start Free Trial

Common questions about Gatos Silver

When was Gatos Silver founded?Gatos Silver was founded in 2010.
Where is Gatos Silver headquartered?Gatos Silver is headquartered in Vancouver, Canada.
Is Gatos Silver publicly listed?No, Gatos Silver was acquired by First Majestic Silver in September 2024.
Who acquired Gatos Silver?Gatos Silver was acquired by First Majestic Silver in September 2024.
How much was Gatos Silver acquired for?Gatos Silver was acquired for $970M in September 2024.
How much funding has Gatos Silver raised?Gatos Silver has raised $25M across 1 funding round.
What was Gatos Silver's last funding round?Gatos Silver's last funding round was a $25M undisclosed-stage round in June 2019.
Which companies are comparable to Gatos Silver?Companies comparable to Gatos Silver include Kingsgate, Lithium Argentina, CAP, McEwen Copper, TechMet and Pioneer Aluminium Industries.

See companies similar to Gatos Silver

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial