Gatos Silver Investor Presentation Deck
2023 LOM Plan - Production Schedule and Operating Costs
Milling throughput rates average ~2,950 tpd
+ Throughput rate is supported by recent
operating performance
LOM Plan averages ~2,950 tpd
▪ H1 2023 rates at 2,905 tpd
■
+ Operating costs based on recent performance
Proportion of lower cost longhole stoping
method increases over the mine life
▪ Sensitive to exchange rates
●
~$2.50 / tonne milled per 1 MXN / USD
rate change
+ Initiatives already started to further improve
productivity and costs beyond LOM
assumptions
▪ Maintenance and equipment utilization
▪ Backfill optimization
Mill throughput and silver head grades
Throughput
Mill Throughput (tpd)
3,000
2,800
2,600
2,400
2,200
2,000
1,800
1,600
Zinc Grade
Lead Grade
2,928
271
H2 2023
$26.64
2,957
$17.90
267
2024
4.51% 4.75%
2.11% 2.14%
2,957
$88.67
per tonne
milled
268
2025
2,962
$44.14
223
2026
4.56% 4.89%
2.22% 2.33%
2,984
193
2027
Continued focus on cost reduction opportunities
LOM Operating Costs
4.56%
2.26%
■ Mining Costs
Silver Grade
2,970
■ Milling Costs
■ G&A Costs
201
2,978
171
2028
3.68% 3.69%
2.03% 2.17%
2029
GATOS
SILVER
2,844
165
2030
4.08%
2.34%
300
250
200
150
100
50
0
Silver Head Grade (g/t)
25View entire presentation