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  "documentTitle": "Gatos Silver | Investor Presentation Deck | 36 slides",
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      "text": "Slide 3: Gatos Silver, Inc.\n(1) As of October 31, 2023 which was reported with our Q3 2023 financial results.\nSlide 4: People, Community and Environment Stewardship\n(1) Lost time injury frequency shown as incident rate per 200,000 hours worked.\nSlide 5: 2023 Production and Guidance\n(1) See Non-GAAP Financial Performance Measures slides.\n(2) 2023 Actuals reflect full-year 2023 results for production and September 2023 year-to-date results for all-in sustaining costs and capital expenditures.\nSlide 6: CLG Asset Performance\n(1) See Non-GAAP Financial Performance Measures slides. Q4 2023 results for AISC are not presented on the graph because they are not yet available.\nSlide 7: Robust Cash Flows at LGJV\n(1) LGJV figures are shown on a 100% basis. Gatos Silver's ownership of the LGJV is 70%.\n(2) See Non-GAAP Financial Performance Measures on slides.\n(3) Dividends or distributions paid by the LGJV are shown on a 100% basis and are before applicable withholding taxes on dividends.\nSlide 8: Strong Balance Sheet and Supportive Shareholder Base\n(1) See Non-GAAP Financial Performance Measures slides.\n(2) Calculated as market capitalization as of January 5, 2024, less GSI cash and equivalents as of October 31, 2023 of $57.7 million.\n(3) As of September 30, 2023\n(4) Source: S&P Capital IQ as of January 5, 2024. Most position dates are as of September 30, 2023 which are generally the latest 13F filings. \"Other Insiders\" include current directors and management.\n(5) Index holdings are based on \"Passive\" investment orientation per S&P Capital IQ.",
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      "text": "Slide 9: Robust CLG Life of Mine Plan\n(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 summary of the 2023 LOM Plan and comparison to the 2022 LOM Plan.\n(2) Mineral Resources which are not Mineral Reserves do not have demonstrated economic viability. The quantity and grade of reported Inferred Mineral Resources 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. Inferred mineral resources are subject to uncertainty as to their existence and as to their economic and legal feasibility. The level of geological uncertainty associated with an inferred mineral resource is too high to apply relevant technical and economic factors likely to influence the prospects of economic extraction in a manner useful for evaluation of economic viability.\n(3) Figures are shown on a 100% basis. Gatos Silver ownership of the LGJV is 70%.\n(4) Financial and cost metrics including silver equivalent production, cash costs, AISC, free cash flow and NPV are calculated using base case prices of $22/oz Ag, $1.20/lb Zn, $0.90/lb Pb, $1,700/oz Au, $3.50/lb Cu and an exchange rate of 20.00 Mexican Pesos per US$1.00. Financial and cost metrics exclude exploration costs related to future resource expansion and conversion.\n(5) See Non-GAAP Financial Performance Measures slides. All-in Sustaining Costs (AISC) presented include LGJV management fee and administrative costs of approximately $6 million per year. Refer to slide 34 for AISC details.\n(6) Free cash flow and Net Present Value (NPV) are on an after-tax basis, and NPV is calculated as of July 1, 2023 using a 5% discount rate.\n(7) See Non-GAAP Financial Performance Measures slides.\nSlide 10: CLG LOM Plan - 100% basis\n(1) Gatos Silver provides annual production guidance and quarterly production results for CLG, and such results can vary quarter over quarter based on short term execution plans and constraints. The 2023 LOM Plan is based on long-term planning assumptions and is not to be interpreted as a change in annual guidance for 2023. The graphs present reported production results for 2022 and 2023, reported AISC for 2022, and reported free cash flow for 2022 and H1 2023; all other figures are based on the 2023 LOM Plan. Figures are shown on a 100% basis; Gatos Silver has a 70% interest in the LGJV.\n(2) See Non-GAAP Financial Performance Measures slides. All-in Sustaining Costs (AISC) presented include LGJV management fee and administrative costs of approximately $6 million per year. Refer to slide 34 for 2023 LOM Plan AISC details.\n(3) See Non-GAAP Financial Performance Measures slides. Free cash flow is on an after-tax basis. Sensitivity to silver prices use the silver price indicated; zinc, lead, gold and copper prices remain at base case prices.",
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