Gatos Silver Investor Presentation Deck
2023 LOM Plan - Capital Costs
Higher sustaining capital costs support mine life extension
+ Sustaining capital of $160 M over LOM
■
$93 M increase in go forward capital driven
by 2.75 year mine life extension
▪ Additional development at depth in NW,
Central and SE zone required
■
Additional TSF dam raise and supporting
mine infrastructure
+ Key surface infrastructure already in place
Paste plant and fluorine leaching projects
complete and operating well
+ Stable mine development profile through
2027
▪ In-line with current development rates
+ Tailings storage facility has further expansion
capacity
Lower sustaining capital requirements towards end of mine life
$ millions
$50
$45
$40
$35
$30
$25
$20
$15
$10
$5
$0
1,600
1.550
1.500
1.450
1.400
1.300
1.250
1.150
1.100
1.050
1.000
$13
$12
H1 2023
$21
2023
Legend
$17
Developed / mined
Planned development
$21
2024
Additional development to access new reserve areas
$17
$22
2025
$7
$20
2022 Mineral Reserve
2023 Mineral Reserve
2026
■ Underground Development
$4
$15
2027
$10
$1
2028
Infrastructure & Equipment
GATOS
SILVER
$2
2029
2030
1.550
1.500
1.400
1,350
1.300
1.250
1.150
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