Gatos Silver Investor Presentation Deck
CLG Asset Performance
Strong operating results with further optimization potential
+ Mill exceeding design capacity
▪ Record throughput of 2,916 tpd in Q3'23
Achieving >15% above design capacity
+ Cost discipline
■ Continuous improvement with focus on
effective cost management
▪ Initiatives helping to offset inflation and
strong Mexican peso exchange rate
+ Focused on mine productivities
▪ Maintenance and equipment utilization
▪ Backfill optimization
▪ Mill has additional capacity
Increased 2023 production guidance
Mill Throughput and Silver Grade
Throughput (tpd)
3,000
Silver Eq. Production (Moz)
2,750
2,500
2,250
2,000
5
3
2
1
356
0
Original throughput design
2,847
2,862
Q3 2022
Silver Eq. Production and By-product AISC (¹)
Cost of Sales ($M) $28.6
$25.5
4.3
2.7
387
$10.04
Q3 2022
Q4 2022
4.2
2.9
$12.13
329
Q4 2022
2,894
Q1 2023
$26.0
3.7
2.4
$6.11
Q1 2023
265
2,916
Q2 2023
$25.8
3.3
$14.32
2.0
Q2 2023
GATOS
SILVER
285
2,916
Q3 2023
$31.4
3.5
$14.71
2.2
Q3 2023
Throughput
400
350
300
250
200
150
100
50
0
Silver Eq.
Silver
$30
$25
$20
$15
$10
5₁
Silver Feed Grade (g/t)
$0
By-product AISC ($/oz Ag)
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