Gatos Silver Investor Presentation Deck
2023 LOM Plan - Free Cash Flow
Robust margins and consistent free cash flow
After Tax Free Cash Flow (¹)
($ millions)
Annual After-Tax FCF ($M)
$100
$90
$80
$70
$60
$50
$20
$39
$40
H1 FCF
$30 $48M
$10
$0
$47
2023
$76
$87
2024
$76
$87
2025
$70
$78
2026
Cumulative After-Tax FCF - $22/oz Ag
Annual After-Tax FCF - $22/oz Ag
$67
Cumulative LOM after tax cash flows (2)
$548 million at $22/oz silver
$612 million at $24/oz silver
2027
+
+
$75
$81
$89
2028
$76
$82
2029
$77
$83
2030
Cumulative After-Tax FCF - $24/oz Ag
Annual After-Tax FCF - $24/oz Ag
$700
$600
$500
$400
$300
$200
$100
$0
Cumulative After-Tax Free Cash Flow ($M)
Sensitivity to Silver Prices - After Tax NPV(¹) (5%)
($ millions)
$406
$20.00
$462
$518
$22.00
Base Case
Silver Price ($/oz)
$24.00
GATOS
SILVER
$573
$26.00
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