Gatos Silver Investor Presentation Deck
Silver Equivalent Production (2) (Moz)
CLG LOM Plan - 100% basis
Strong margins and stable cash flow profile
Strong production profile and attractive costs (¹)
18.0
16.0
14.0
12.0
10.0
8.0
6.0
4.0
2.0
0.0
15.8 13.8-
14.6
■
O.
10.3
2022
8.8-
9.3
Silver Production
14.3
8.2
2023 2024
Guidance
14.3
8.2
2025
13.2
6.8
Silver Eq.
12.1
6.0
11.3
6.2
- AISC (²)
10.5
5.3
10.3
4.8
2026 2027 2028 2029 2030
$16.00
$14.00
$12.00
$10.00
$8.00
$6.00
$4.00
$2.00
$0.00
+ Similar production to 2023 expected for next 2-3 years
Advancing further life extension and expansion
options
By-product AISC(³) ($/oz pay.)
Stable cash generation (¹)
Using base case LOM Plan assumptions of $22/oz Ag, $1.20/lb Zn, $0.90/lb Pb, $1,700/oz Au
and $3.50/lb Cu
Annual After-Tax FCF ($M)
$100
$75
$50
$25
$0
$75
■
2022
$39
H1’23
$48
2023
$76
2024
$76
2025
$70
2026
$67
2027
$81
GATOS
SILVER
2028
$76
2029
$77
2030
+ Consistent FCF (3) profile at current operating rates
$75 million per year average at $22/oz silver
$84 million per year average at $24/oz silver
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