Guanajuato Silver Company Ltd. · TSXV:GSVR
Guanajuato Silver — Investor Presentation (September 2024)
24 slides from Guanajuato Silver's investor presentation, Sep 4, 2024
Slide 1: Mexico´s Fastest-Growing Silver Producer
Mexico´s Fastest-Growing Silver Producer : GSVR : GSVRF August 2024
Slide 2: The Industrial Case for Silver
The Industrial Case for Silver Photovoltaics will continue to drive industrial demand growth. 2024 Silver Demand Forecast 19% Solar Industrial 58.3% Bullion 17.4% Jewelry 17.3% Silverware 4.8% Photography 2.1% Source: World Silver Survey 2024 – The Silver Institute 2
Slide 3: Solar park construction is just beginning…
Solar park construction is just beginning… Each new gigawatt of installed solar requires ~ 500,000 silver ounces. 2nd Largest in the World 1.3 GW 3
Slide 4: Most silver is produced as a by-product
Most silver is produced as a by-product Demand will exceed supply in 2024 for fourth consecutive year. Supply vs Demand 2024 Forecast* * World Silver Survey 2024 – The Silver Institute. 4
Slide 5: Most silver is produced as a by-product
Most silver is produced as a by-product The silver market is inelastic; higher silver prices may not spur more supply. Gold 16% Primary Silver 26% Silver Production Copper by Source 25% Metal Other Lead & Zinc 1% 32% * World Silver Survey 2024 – The Silver Institute. 5
Slide 6: Mexico is the world's top silver producer
Mexico is the world’s top silver producer …and has been the top producer since overtaking Peru in 2009. 24% 14% Mexico 12% Peru China 119Moz 200Moz 107Moz 5% 5% Chile Poland 42Moz 42Moz Source: Statista.com / Kitco.com 2023 Bullion 6
Slide 7: Mexico's Fastest-Growing Silver Company
Mexico’s Fastest-Growing Silver Company Six Production Areas (Added Pinguico and Horcon Production Areas) 7
Slide 8: Optimizing Mine Production
Optimizing Mine Production Successfully advancing the ramp-up across all four producing assets. 8
Slide 9: Guanajuato
Guanajuato Mexico’s premiere mining community. 9
Slide 10: Consolidating the Guanajuato Mining District
Consolidating the Guanajuato Mining District 450-year mining history. 10
Slide 11: The El Cubo Mines Complex
The El Cubo Mines Complex The centerpiece of our hub & spoke mining strategy. 45,000 tonnes/month capacity Mineral Resources Silver Equivalent calculated using 1 ounce of gold is equal to 80 ounces of silver. Source: Behre Dolbear & Company (USA Inc.) PEA June 26, 2023. See Disclaimer 11
Slide 12: El Cubo Mill
El Cubo Mill Clean. Dry. Organized. 12
Slide 13: Valenciana Mines Complex
Valenciana Mines Complex Cata Mill – 36,000 tonnes/month capacity. The disclosure above is a historical estimate. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves; and the issuer is not treating the historical estima
Slide 14: Valenciana Mines Complex
Valenciana Mines Complex One of the most productive silver mines in Mexico’s 450-year mining history. AgEq Au eq Au eq Tonnes Ag(g/t) Ag(oz) Au(g/t) Au(oz) AgEq (oz) (g/t) (g/t) (oz) Total Measured 166,262 255 1,362,426 1.81 9,681 409 2,185,272 4.81 25,709 Total Indicated 85,404 240 658,767 1.68 4,6
Slide 15: San Ignacio
San Ignacio Mineralized material processed at the Cata mill. Primary Access Portal Metal prices are set at US$1,850/oz Au and US$22/oz Ag, with 87% recovery for both. This yields an Au:Ag ratio of 84.1:1 for the calculation of AgEq. Source: Apex Geoscience Mineral Resource Estimate San Ignacio Mine
Slide 16: Topia Mine
Topia Mine High-grade mine is a consistent multi-decade producer • M&I resource grade of over 1,000 g/t AgEq Tonnes (kt) Ag (g/t) Au (g/t) Pb (%) Zn (%) Measured 176.0 630 1.92 4.63 4.80 Indicated 155.8 587 1.75 4.15 4.16 M&I 331.8 609 1.84 4.40 4.50 Inferred 274.6 592 1.44 3.35 3.63 Source: Apex Ge
Slide 17: Topia Processing Plant
Topia Processing Plant 7,500 tonnes/month flotation facility. 17
Slide 18: Additional Opportunities for Mineralized Material
Additional Opportunities for Mineralized Material Additional production sourced from 450-year-old mining camp Over 125,000 ounces AgEq* has been processed from Horcon stockpiles since November 2023. Over 150,000 ounces AgEq have been generated from the processing of third-party mineralized mater
Slide 19: Shares Issued & Outstanding
Shares Issued & Outstanding One-Year Share Performance. Major Shareholders Fidelity Investments 10.9% SILJ & SIL 7.7% Endeavour Silver 5.9% Directors/Advisors 4.4% Myrmikan Capital 3.0% Eric Sprott 1.9% Common Shares 404 M Warrants 130 M Options & RSUs 26 M Fully Diluted 560 M Current Market Cap C$8
Slide 20: The GSilver Leadership Team
The GSilver Leadership Team Directors James Anderson, Chairman & CEO Richard Silas, Director & VP Corporate Dev. 20+ years of capital market experience as a retail 20+ years of experience in corporate governance, broker and investment banker and manager in the regulatory compliance, and the administ
Slide 21: Extensive social outreach programs
Extensive social outreach programs Social license to operate built on commitment to improving local communities. Guanajuato Silver proudly provides: • Clean water services provided to several local communities • Established a medical clinic • Committed to a massive reforestation program • Support fo
Slide 22: DISCLAIMER 1/2
DISCLAIMER 1/2 Forward-looking information This document contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, statements regarding the industrial case for silver and future demand for silver; that the Company
Slide 23: DISCLAIMER 2/2
DISCLAIMER 2/2 Valenciana Disclosure The disclosure on this slide is from the technical report dated March 7, 2024 (effective date December 31, 2023) titled “Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico” available on SEDAR+ (the “VMC Report”). On February 28, 2022, Great Panth
Slide 24: Contact
Contact JJ Jennex Director of Communications (604) 723 1433 jjj@gsilver.com Suite 578 – 999 Canada Place, Vancouver, British Columbia, V6C 3E1 : GSVR : GSVR
Guanajuato Silver Company — Investor Presentation (September 2024) on 6ix