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          "kind": "disclaimer",
          "text": "The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated or Measured Mineral Resource. It is uncertain if further exploration will result in upgrading Inferred Mineral Resources to an Indicated or Measured Mineral Resource category.",
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          "text": "GATOS SILVER",
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          "text": "Mineral Resources are reported on a 100% basis and are exclusive of Mineral Reserves. Please refer to Appendix slides 19 and 20 for Mineral Reserve and Mineral Resource table endnotes.",
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          "text": "2022 Mineral Resource - CLG, as at July 1, 2022 (see 2022 Technical Report)\nMeasured 0.38 151 2.63 1.49 0.26 1.9 22.1 12.6 3.2\nIndicated 1.55 82 3.11 1.57 0.17 4.1 106.4 53.8 8.6\nMeasured and Indicated 1.94 96 3.01 1.56 0.19 6.0 128.5 66.4 11.8\nInferred 2.09 113 4.30 2.45 0.20 7.6 198.4 113.1 13.3",
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          "text": "Mineral Resource - CLG, as at July 1, 2023 (1,2,3,4,5,6,7,8,9,10,11)\nMeasured 0.05 141 2.50 1.70 0.40 0.05 0.2 2.9 2.0 0.7 0.1\nIndicated 0.34 85 3.71 1.90 0.23 0.15 0.9 28.1 14.4 2.5 1.1\nMeasured and Indicated 0.40 93 3.55 1.88 0.25 0.14 1.2 30.9 16.4 3.2 1.2\nInferred 4.58 100 3.40 2.32 0.21 0.40 14.7 343.6 234.5 30.9 40.1",
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          "text": "(1) Mineral Reserves are reported on a 100% basis and exclude all mineral reserve material mined prior to July 1, 2023.\n(2) Specific gravity has been assumed on a dry basis.\n(3) Tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not sum exactly.\n(4) Values are inclusive of mining recovery and dilution. Values are determined as of delivery to the mill and therefore not inclusive of milling recoveries.\n(5) Mineral Reserves are reported within stope shapes using a variable cut-off basis with a Ag price of US$22/oz, Zn price of US$1.20/lb, Pb price of US$0.90/lb, Au price of US$1,700/oz and Cu price of $3.50/lb.\n(6) The Mineral Reserve is reported on a fully diluted basis defined by mining method, stope geometry and ground conditions.\n(7) Contained Metal (CM) is calculated as follows:\nZn, Pb and Cu, CM (Mlb) = Tonnage (Mt) * Grade (%) / 100 * 2204.6\nAg and Au, CM (Moz) = Tonnage (Mt) * Grade (g/t) / 31.1035; multiply Au CM (Moz) by 1000 to obtain Au CM (koz)\n(8) The SEC definitions for Mineral Reserves in Regulation S-K 1300 were used for Mineral Reserve classification and are consistent with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (CIM (2014) definitions).\n(9) Under SEC Regulation S-K 1300, a Mineral Reserve is defined as an estimate of tonnage and grade or quality of indicated and measured mineral resources that, in the opinion of the qualified person, can be the basis of an economically viable project. More specifically, it is the economically mineable part of a measured or indicated mineral resource, which includes diluting materials and allowances for losses that may occur when the material is mined or extracted.\n(10) The Mineral Reserve estimates were prepared under the supervision of Mr. Stephan Blaho, P.Eng. an employee of WSP Canada Inc. who is the independent Qualified Person for these Mineral Reserve estimates.",
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          "text": "(1) Mineral Resources are reported on a 100% basis and are exclusive of Mineral Reserves.\n(2) The SEC definitions for Mineral Resources in S-K 1300 were used for Mineral Resource classification which are consistent with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (CIM (2014) definitions).\n(3) Under SEC Regulation S-K 1300, a Mineral resource is defined as a concentration or occurrence of material of economic interest in or on the Earth's crust in such form, grade or quality, and quantity that there are reasonable prospects for economic extraction. A mineral resource is a reasonable estimate of mineralization, taking into account relevant factors such as cut-off grade, likely mining dimensions, location or continuity, that, with the assumed and justifiable technical and economic conditions, is likely to, in whole or in part, become economically extractable. It is not merely an inventory of all mineralization drilled or sampled. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.\n(4) The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated or Measured Mineral Resource. It is uncertain if further exploration will result in upgrading Inferred Mineral Resources to an Indicated or Measured Mineral Resource category.\n(5) Specific gravity has been assumed on a dry basis.\n(6) Tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not sum exactly.\n(7) Mineral Resources exclude all Mineral Resource material mined prior to July 1, 2023.\n(8) Mineral Resources are reported within stope shapes using a $81.03/tonne Resource NSR cut-off calculated using an Ag price of $22/oz, Zn price of $1.20/lb, Pb price of $0.90/lb, Au price of $1,700/oz and Cu price of $3.50/lb. The Resource NSR cutoff includes mill recoveries and payable metal factors appropriate to the existing CLG processing circuit augmented with a pyrite leach circuit and copper separation circuit. The processing recoveries for these additional projects is based on existing preliminary metallurgical testwork.\n(9) No dilution was applied to the Mineral Resource.\n(10) Contained Metal (CM) is calculated as follows:\nZn, Pb and Cu CM (Mlb) = Tonnage (Mt) * Grade (%) / 100 * 2204.6\nAg and Au, CM (Moz) = Tonnage (Mt) * Grade (g/t) / 31.1035; multiply Au CM (Moz) by 1000 to obtain Au CM (koz)\n(11) The Mineral Resource estimates were prepared under the supervision of by Ronald Turner, MAusIMM (CP) an employee of Golder Associates S.A. who is the independent Qualified Person for these Mineral Resource estimates.",
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          "text": "(1) Mineral Resources are reported on a 100% basis.\n(2) Under SEC Regulation S-K 1300, a Mineral resource is a concentration or occurrence of material of economic interest in or on the Earth's crust in such form, grade or quality, and quantity that there are reasonable prospects for economic extraction. A mineral resource is a reasonable estimate of mineralization, taking into account relevant factors such as cut-off grade, likely mining dimensions, location or continuity, that, with the assumed and justifiable technical and economic conditions, is likely to, in whole or in part, become economically extractable. It is not merely an inventory of all mineralization drilled or sampled. Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The estimate of Mineral Resources may be materially affected by environmental, permitting, legal, marketing, or other relevant issues.\n(3) The SEC definitions for Mineral Resources in S-K 1300 were used for Mineral Resource classification which are consistent with Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Definition Standards for Mineral Resources and Mineral Reserves (CIM (2014) definitions).\n(4) The quantity and grade of reported Inferred Mineral Resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred Mineral Resources as an Indicated or Measured Mineral Resource. It is uncertain if further exploration will result in upgrading Inferred Mineral Resources to an Indicated or Measured Mineral Resource category.\n(5) Specific gravity has been assumed on a dry basis.\n(6) Tonnage and contained metal have been rounded to reflect the accuracy of the estimate and numbers may not sum exactly.\n(7) Mineral Resources are reported within stope shapes using a $52/tonne NSR cut-off basis assuming processing recoveries equivalent to CLG with an Ag price of $22/oz, Zn price of $1.20/lb, Pb price of $0.90/lb and Au price of $1,700/oz. There is a portion of the Esther deposit that is oxidized and metallurgical test work is required to define processing recoveries.\n(8) No dilution was applied to the Mineral Resource.\n(9) Contained Metal (CM) is calculated as follows:\nZn and Pb, CM (Mlb) = Tonnage (Mt) * Grade (%) / 100 * 2204.6\nAg and Au, CM (Moz) = Tonnage (Mt) * Grade (g/t) / 31.1035; multiply Au CM (Moz) by 1000 to obtain Au CM (koz)\n(10) The Mineral Resource estimates were prepared by Ronald Turner, MAusIMM(CP) an employee of Golder Associates who is the independent Qualified Person for these Mineral Resource estimates.",
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          "text": "Reconciliation of FCF to Cash Flow from Operating Activities (as defined under US GAAP):\nFree Cash Flow, Units, 2023 LOM Plan (H2'23+)\nCash Flow provided by Operating Activities, $M, $707.7\nCash Flow used in Investing Activities, $M, ($160.2)\nAfter-Tax Free Cash Flow, $M, $547.5\nMining and Income Taxes, $M, $129.2\nPre-Tax Free Cash Flow, $M, $676.7",
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          "text": "(1) Excludes LGJV management fee and administration costs of approximately $6 million per year, equivalent to $1.09 / oz Ag payable and $0.59 / oz AgEq payable, respectively in the 2023 LOM Plan and $0.89 / oz Ag payable and $0.50 / oz AgEq payable, respectively in the 2022 LOM Plan.\n(2) Excludes any exploration costs related to future resource expansion and conversion.\n(3) Assumes prices of $22.00/oz silver, $1.20/lb zinc, and $0.90/lb lead, $1,700/oz gold and $3.50/lb copper.\n(4) Payable silver equivalent ounces include copper aligned to current payable terms for copper in lead concentrate.",
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          "evidence": "(1) The increase is compared to the 2022 LOM Plan considering the comparable periods from July 1, 2023 onwards (the effective date of the 2023 LOM Plan). Refer to slide 22 for a comparison between the 2023",
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      "label": "Attention",
      "description": "The presentation starts with key messages and highlights to grab the audience's attention."
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      "from": 6,
      "to": 8,
      "label": "Need",
      "description": "The presentation then outlines the need for an updated Life of Mine Plan."
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      "label": "Quick Win Big Bet",
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