{ "docId": "019de518-4b45-729f-8864-2b1516f7ac2a", "docSlug": "45bb294016302d177539020bae1535a6", "documentTitle": "Gatos Silver | Investor Presentation Deck | 40 slides", "authorId": "gatos-silver", "authorName": "Gatos Silver", "documentKindSlug": "pitchdeck", "documentKindLabel": "Pitch deck", "sourceTypeSlug": "investor_relations", "sourceTypeLabel": "Investor relations", "presentationDate": "2024-03-01 00:00:00", "orientation": "landscape", "aspectRatio": 1.7777778, "pageNumber": 39, "pageCount": 40, "prevPage": 38, "nextPage": 40, "slideType": "appendix", "function": "appendix", "density": "overcrowded", "nDataPoints": 10, "notes": null, "elementsJson": null, "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019de518-4b45-729f-8864-2b1516f7ac2a/39", "deckHref": "/decks/019de518-4b45-729f-8864-2b1516f7ac2a", "deckJsonHref": "/decks/019de518-4b45-729f-8864-2b1516f7ac2a.json", "deckAnchorHref": "/decks/019de518-4b45-729f-8864-2b1516f7ac2a#slide-39", "components": [ { "bbox": { "h": 0.06, "w": 0.45, "x": 0.055, "y": 0.545 }, "kind": "list", "text": "Slide 16: Robust CLG Life of Mine Plan\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 slides and reconciliations on slides 32-37.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "27843259-9bad-4cde-a7e9-2e735b8fc80b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.45, "x": 0.515, "y": 0.385 }, "kind": "list", "text": "Slide 21: Summary: 2024 Outlook and Future Catalysts\n(1) Please refer to forward looking statements on slide 2 regarding potential conversion of inferred resources to indicated or measured.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "30f32fb2-e9fe-4760-932f-285c40ff25d2", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.18, "w": 0.45, "x": 0.515, "y": 0.183 }, "kind": "list", "text": "Slide 20: Supportive Shareholder Base\n(1) Source: S&P Capital IQ as of February 16, 2024. Most position dates are as of December 31, 2023 which are the latest 13F filings. \"Other Insiders\" include current directors and management.\n(2) Index holdings are based on \"Passive\" investment orientation per S&P Capital IQ.\n(3) Calculated as market capitalization as of February 23, 2024, less GSI cash and equivalents as of January 31, 2024 of $52.8 million.\n(4) As of December 31, 2023. Fully diluted shares include all in-the-money and out-of-the-money stock options, deferred stock units and restricted stock units.\n(5) As of February 16, 2024", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "56f0d470-a5b8-4adb-baab-931326a2a3f7", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.09, "w": 0.45, "x": 0.055, "y": 0.428 }, "kind": "list", "text": "Slide 15: 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 slides and reconciliations on slides 31-36.\n(3) Dividends or distributions paid by the LGJV are shown on a 100% basis and are before applicable withholding taxes.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "7af4e878-0ced-4b75-bb5a-0d5a1478cae9", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.45, "x": 0.055, "y": 0.63 }, "kind": "list", "text": "Slide 17: Strong Balance Sheet\n(1) LGJV figures are shown on a 100% basis. Gatos Silver's ownership of the LGJV is 70%.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "888ef25d-ef56-4cc8-9812-c4df7709ba1d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.22, "w": 0.45, "x": 0.055, "y": 0.183 }, "kind": "list", "text": "Slide 14: Silver Price Upside Potential\n(1) Forecast for the year 2023. Source: The Silver Institute & Metals Focus Ltd, \"World Silver Survey 2023\", published in 2023.\n(2) Source: International Energy Agency, \"Renewables 2023 Report\". The two scenarios reflect the \"Main Case\" and \"Accelerated Case\" presented by the EIA for solar generation additions through 2028.\n(3) Industrial use growth rates have averaged ~2% for the period 2018 – 2022. Considering silver demand growth needed for projected Accelerated Case solar installation additions, which would require an additional ~150 Moz / year by 2028 assuming 0.43 Moz / GW installed solar capacity, industrial use growth rates would average ~4% from 2022 through 2028. This assumes all other demand drivers are unchanged.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a8bea838-04ad-4136-881d-15ce2fc4dc7b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.23, "w": 0.45, "x": 0.055, "y": 0.69 }, "kind": "list", "text": "Slide 18: People, Community and Environment Stewardship\n(1) CLG's lost time injury frequency is shown as the incident rate per 200,000 hours worked. Comparable safety metrics for Mexico are sourced from \"Camimex\", the Mexican Mining Chamber considering underground operations for the most recent period available, which is 2022. Camimex reports the lost time injury frequency of 4.6 using the incident rate per 1 million hours worked, which has been converted to the incident rate shown of 0.92 per 200,000 hours worked for comparison purposes.\n(2) The \"Distinto ESR\" award, or \"Empresa Socialemente Responable\" is awarded by Cemafi - Centro Mexicano para la Filantropia (the Mexican Centre of Philonthropy) and recognizes companies that are differentiated for their good social responsibility practices considering environmental, social and governance.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "df534e7d-d98a-4208-ab69-0eb94ee8fb0a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.46, "w": 0.45, "x": 0.515, "y": 0.47 }, "kind": "list", "text": "Slide 25: 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).\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 37 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 and reconciliations on slides 32-37.", "attrs": {}, "subkind": "bullet", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f3c0cd1a-ebe5-4c29-9680-b368069f8e0d", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.02, "x": 0.94, "y": 0.94 }, "kind": "source-note", "text": "39", "attrs": {}, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "30c2d576-8180-4836-960b-bbfa4ffc4c64", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.03, "w": 0.19, "x": 0.055, "y": 0.08 }, "kind": "title", "text": "Endnotes", "attrs": {}, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "868e85ba-d8af-401b-8a2b-38241959c547", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Scenario planning", "slug": "scenario-planning", "agent": null, "layer": "block", "matchId": "80ef29fe-eef5-4dc5-84fa-334b300ca448", "evidence": "keyword-coverage: scenario, uncertainty", "confidence": 0.2 } ], "frameworks": [], "arcBeats": [], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }