Gatos Silver Investor Presentation Deck
Robust Cash Flows at LGJV
CLG is a low cost, high margin operation
+ Strong & sustained cash from operations (¹)
• $29.4 M in Q3 2023
• $103.8 M 2023 year to date
+ Robust Free Cash Flow continues (1) (2)
• $14.3 M in Q3 2023
●
$62.6 M in 2023 year to date, up 8% YoY
●
+ Lower go-forward capital requirements
• Sustaining capital primarily development costs
• South-East Deeps drilling at CLG being
capitalized as resource development cost
+ Cash flows support continued cash
distributions to partners
$85.0 M returned to partners during 2023
Compares to $55.0 M in dividends in FY 2022
• Regular distributions expected going forward
●
Cash from operations (¹)
($ millions)
$50
$25
$0
$40
Free cash flow (¹) (2)
($ millions)
$20
$38.5 $39.1 $40.0
$0
Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
$14.7
$18.7
$34.3
$28.7
$29.4
$19.7
$14.3
Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
Cash used in investing (¹)
($ millions)
$30
$20
$10
$0
$75
$50
$25
$23.8
$0
GATOS
SILVER
$20.4
Distributions to Partners (³)
($ millions)
$11.4
$14.6 $15.2
Q3'22 Q4'22 Q1'23 Q2'23 Q3'23
$50.0
$35.0
$15.0 $20.0
Q3'22 Q4'22 Q1'23 Q2'23 Q3'23Oct 23
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