Guanajuato Silver Company Ltd. · TSXV:GSVR
Guanajuato Silver — Investor Presentation (December 2024)
25 slides from Guanajuato Silver's investor presentation, December 2024
Slide 1: Mexico's Fastest-Growing Silver Producer
Mexico´s Fastest-Growing Silver Producer : GSVR : GSVRF December 2024
Slide 2: 2024 Silver Demand
2024 Silver Demand Solar park construction will continue to drive demand growth. Each new gigawatt of installed solar requires ~ 500,000 silver ounces. 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: Silver Supply vs. Demand
Silver Supply vs. Demand Global demand will exceed supply in 2024 for a fourth consecutive year.* * World Silver Survey 2024 – The Silver Institute. 3
Slide 4: Most silver is produced as by-product
Most silver is produced as by-product Therefore: Higher silver prices may not lead to increased supply. Primary Gold 16% Silver Only 26% Silver Production by Source Copper 25% Metal Lead & Zinc Other 32% 1% * World Silver Survey 2024 – The Silver Institute. 4
Slide 5: Mexico - the world's top silver producer
Mexico - the world’s top silver producer The country continues to expand its dominant share of the silver market. 24% 14% Mexico 12% Peru China 119Moz 200Moz 107Moz 5% 5% Chile Poland 42Moz 42Moz Source: Statista.com / Kitco.com 2023 Bullion 5
Slide 6: Mexico's Fastest-Growing Silver Company
Mexico’s Fastest-Growing Silver Company Currently Six Mining Production Areas. 6
Slide 7: Optimizing Mine Production
Optimizing Mine Production Successfully advancing the ramp-up across all assets. Silver equivalents are calculated using 81.05:1 (Ag/Au), 0.03:1 (Ag/Pb) and 0.05:1 (Ag/Zn) ratio for Q2 2024; an 88.72:1 (Ag/Au), 0.04:1 (Ag/Pb) and 0.05:1 (Ag/Zn) ratio for Q1 2024; an 85.10:1 (Ag/Au), 0.04:1 (Ag/Pb);
Slide 8: Guanajuato
Guanajuato Mexico’s premier mining community. 8
Slide 9: Consolidating the Guanajuato Mining Area
Consolidating the Guanajuato Mining Area Employing 100% Mexican mining expertise. 9
Slide 10: The El Cubo Mines Complex
The El Cubo Mines Complex The centerpiece of our hub & spoke mining strategy. 45,000 tonnes/month capacity 10
Slide 11: El Cubo's Villalpando Vein
El Cubo’s Villalpando Vein Longitudinal Section of the Villalpando Vein Showing AgEq g/t. Isopach presentation Mineral Resources Tonnes Ag(g/t) Ag(oz) Au(g/t) Au(oz) AgEq(g/t) Total Indicated 382K 203 2.50M 2.62 32K 413 Total Inferred 1.33M 221 9.43M 2.88 123K 451 Silver Equivalent calculated using
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. 13
Slide 14: Valenciana Mines Complex
Valenciana Mines Complex One of the most productive silver mines in Mexico’s 450-year mining history. Mineral Resources Tonnes Ag(g/t) Ag(oz) Au(g/t) Au(oz) AgEq (g/t) AgEq(oz) AuEq (g/t) AuEq(oz) Total Measured 166,262 255 1,362,426 1.81 9,681 409 2,185,272 4.8 25,709 Total Indicated 85,404 240 658
Slide 15: San Ignacio
San Ignacio Mineralized material for processing at the Cata mill. Primary Access Portal 15
Slide 16: San Ignacio – Melladito Vein
San Ignacio – Melladito Vein Longitudinal Section of the Melladito Vein Showing Ag g/t. Isopach presentation Mineral Resources Tonnes Ag(g/t) Au(g/t) AgEq (g/t) AgEq(oz) Total Measured 171,000 105 2.16 287 1.57M Total Indicated 619,000 128 2.08 Primary 304 Access Portal 6.05M Total M&I 790,000 123 2
Slide 17: Topia Processing Plant
Topia Processing Plant 7,500 tonnes/month capacity flotation facility. 17
Slide 18: Topia – Topographical View
Topia – Topographical View Historical Resource Block Model. Mineral Resources Tonnes Ag(g/t) Au(g/t) Pb (%) Zn (%) Total Measured 176,000 630 1.92 4.63 4.80 Total Indicated 155,800 587 1.75 4.15 4.16 Total M&I 331,800 609 1.84 4.40 4.50 Total Inferred 274,600 592 1.44 3.35 3.63 Source: Apex Geoscien
Slide 19: Topia – New Pb and Zn Concentrate Filters
Topia – New Pb and Zn Concentrate Filters Creating 21st Century Efficiency In September 2024, a new lead concentrate filter was installed; the lead concentrate produced at Topia is very high in silver content. In November 2024, a new zinc concentrate filter was installed; the zinc concentrate produc
Slide 20: Shares Issued & Outstanding
Shares Issued & Outstanding One-Year Share Performance. Common Shares (Pro forma) 472 M Major Shareholders Warrants 157 M Options & RSUs 26 M Fully Diluted 655 M Market Cap C$90 M Myrmikan Capital 20
Slide 21: 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 22: 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 and permanent comprehensive health campaigns. • Committed t
Slide 23: 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 24: 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 25: 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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