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- Gatos Silver
Gatos Silver Acquisition, Valuation, Funding & Investors
Gatos Silver was acquired by First Majestic Silver for $970M in September 2024.
Gatos Silver EBITDA multiple at acquisition
9.2x
EV/EBITDA · Sep 2024
Cumulative funding Gatos Silver raised
$25M
across 1 funding round
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
Website
Status
Acquired
Customer focus
B2B
Revenue model
Product sales
Valuation
$970M (acquired Sep 2024)
Sectors
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.
| Acquirer | Date | Type | Price | EV/EBITDA |
|---|---|---|---|---|
| 5 Sep 2024 | Strategic M&A | $970M | 9.2x |
Gatos Silver Funding History
Gatos Silver has raised a total of $25M across 1 funding round.
Gatos Silver funding rounds
| Date | Stage | Raised | Deal Summary |
|---|---|---|---|
| Jun 2019 | Undisclosed stage | $25M | Gatos 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. |
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Start Free TrialGatos 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.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $240M | $34M | $982M | 2.2x | ||
| Publicly listed | - | ($97M) | $955M | - | ||
| Publicly listed | $1.9B | $443M | $988M | 1.9x | ||
| Private | - | - | $947M | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $240M | $34M | 4.0x | 2.2x | 28.1x | 4.4x | |||
| - | ($97M) | - | - | (12.0x) | 11.0x | |||
| $1.9B | $443M | 1.8x | 1.9x | 8.1x | 7.7x | |||
| $302M | $43M | 3.1x | 2.5x | 21.4x | 14.7x | |||
| $1.2B | $117M | 1.4x | 1.3x | 14.8x | 7.5x | |||
| - | ($52M) | - | - | (17.7x) | (41.3x) | |||
| $110M | ($2M) | 11.6x | 6.1x | (710.0x) | 15.3x | |||
| $29M | ($7M) | 33.3x | - | (150.3x) | - | |||
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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. |
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