Guanajuato Silver Company Ltd. · TSXV:GSVR
Guanajuato Silver — Investor Presentation (November 2023)
27 slides from Guanajuato Silver's investor presentation, Nov 6, 2023
Slide 1: Mexico's Fastest-Growing Silver Producer
Mexico´s Fastest-Growing Silver Producer : GSVR : GSVRF November 6, 2023
Slide 2: The Industrial Case for Silver
The Industrial Case for Silver Photovoltaics expected to consume 25% of mined silver by 2025. 13.8% Solar Industrial 49.4% Bullion 26.5% Jewelry 17.3% Silverware 4.8% Photography 2.3% Source: World Silver Survey 2023 – The Silver Institute. 2
Slide 3: Solar park construction is just beginning…
Solar park construction is just beginning… “Our research is from 30,000 feet.” 1.5 GW 1.3 GW 0.8 GW 1.6 GW 3
Slide 4: 1.6 GW
1.6 GW 4
Slide 5: Most silver is produced as a by-product
Most silver is produced as a by-product Demand expected to exceed supply in 2023 for third consecutive year. Supply vs Demand Gold 2023 Forecast Primary 16% Silver 26% Silver Production Copper by Source 25% Metal Other Lead & Zinc 1% 32% 2023 silver demand forecast is 113% higher The silver market i
Slide 6: Mexico is the world's top silver producer
Mexico is the world’s top silver producer Outside of Mexico, there are very few primary silver mines in the world. 24% 14% Mexico 12% Peru China 119Moz World’s Largest Silver Mines Primary 200Moz 107Moz KGHM, Poland (42Moz) Metal Cu Peñasquito, Mexico (29Moz) Pb-Zn 5% 5% Chile Poland Dukat, Russia (
Slide 7: Mexico's Fastest-Growing Silver Company
Mexico’s Fastest-Growing Silver Company 4 producing silver mines… 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: El Cubo Mill
El Cubo Mill Clean. Dry. Organized. 11
Slide 12: The El Cubo Mines Complex
The El Cubo Mines Complex The centerpiece of our hub & spoke mining strategy. 45,000 tonnes/month capacity Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 453K 200 2.51 400 5.79M Inferred 1.3M 219 2.84 446 19.8M Source: Behre Dolbear & Company (USA Inc.) PEA June 26, 2023 12
Slide 13: El Cubo 3-D View of Principal Veins
El Cubo 3-D View of Principal Veins High grade epithermal mineralization from multiple veins. Mina Santa Cecilia Mina Villalpando 13
Slide 14: Valenciana Mines Complex
Valenciana Mines Complex Cata Mill – 36,000 tonnes/month capacity. 14
Slide 15: Valenciana Mines Complex
Valenciana Mines Complex Currently mining from Los Pozos area. CATA 4.2KM Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 251,666 250 1.76 400 3.2M Inferred 220,760 225 1.95 391 2.7M Source: Apex Geoscience Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico April 30, 2022 – Al
Slide 16: San Ignacio
San Ignacio High-grade silver and gold epithermal vein system Tonnes (t) Ag (g/t) Au (g/t) AgEq (g/t) AgEq (oz) M&I 790,000 123 2.10 300 7.6M Inferred 2,166,000 127 2.27 318 22M Source: Apex Geoscience Mineral Resource Estimate San Ignacio Mine – September 21, 2023 16
Slide 17: San Ignacio
San Ignacio Mineralized material processed at the Cata mill. Primary Access Portal 17
Slide 18: 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 (t) Ag (g/t) Au (g/t) Pb (%) Zn (%) AgEq (g/t) AgEq (oz) M&I 331,800 609 1.84 4.4 4.5 1,041 11.1M Inferred 274,600 592 1.44 3.35 3.63 932 8.2M Source: Apex Geoscience Technical Report
Slide 19: Topia Processing Plant
Topia Processing Plant 7,500 tonnes/month flotation facility. 19
Slide 20: Four Mines & Three Production Facilities
Four Mines & Three Production Facilities Source: Behre Dolbear & Company (USA Inc.) PEA Jan 26, 2023 Source: Apex Geoscience Technical Report San Ignacio Mine – September 21, 2023 Source: Apex Geoscience Technical Report on the Valenciana Mine Complex, Guanajuato, Mexico April 30, 2022 – All resourc
Slide 21: Global Resource
Global Resource Mineral Resources. Measured & Indicated Tonnes Ag Au Pb/Zn AgEq AgEq (t) (g/t) (g/t) (%) (g/t) (oz) El Cubo 453,180 200 2.51 - 400 5,794,431 Pinguico Surface Stockpile 130,000 79 0.45 - 115 479,599 Pinguico UG Stockpile 25,600 166 1.67 - 300 245,109 Valenciana 251,666 250 1.76 - 400
Slide 22: Shares Issued & Outstanding
Shares Issued & Outstanding Three-Year Share Performance. Common Shares 350 M Financing Warrants 110 M Options Outstanding 20 M Fully Diluted 482 M Current Market Cap C$102 M El Cubo Topia, VMC and San Ignacio Acquisition Acquisition 22
Slide 23: Current Major Shareholders
Current Major Shareholders All numbers approximate. Fidelity Investments 11.3% Endeavour Silver Corp. 8.1% Myrmikan Capital LLC. 6.7% (Director Daniel Oliver) GSilver Directors & Advisors 3.6% VBS Exchange Pty Ltd. 2.1% SIL 2.0% Eric Sprott 1.9% SILJ 1.9% EMA Garp Fund LP. 1.6% Public Shareholders 6
Slide 24: Management Team
Management Team Technical Excellence. JAMES ANDERSON LISA DEA CHAIRMAN AND CEO CFO Capital Markets Specialist Chartered Professional Accountant 20+ years experience in the 20+ years of capital market finance, securities and accounting experience as a retail broker fields. She has been instrumental i
Slide 25: 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 26: Disclaimer
DISCLAIMER 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, the Company’s ability to restart mining operations at San Ignacio and VMC, successfully integrate miner
Slide 27: 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
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