6/28/2023

speaker
Operator
Conference Call Operator

Ladies and gentlemen, thank you for staying by. Welcome to Gato Silver's Financial Update Investor Conference Call. Presenting today will be Dale Andres, CEO of Gato Silver, and Andre van Niekerk, Chief Financial Officer. We will conclude today's session with a question and answer period, where other members of the Gato Silver management team will be available. If you would like to ask questions during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press the star one key. At this time, all participant lines have been placed on mute for the duration of the presentation to prevent any background noise. Turning your attention to slide two, please note today's call contains forward-looking statements. Various risks and uncertainties may cause actual results to vary. Gato Silver does not assume the obligation to update any forward-looking statements. I would now like to turn the call over to Dale Andres. Please go ahead.

speaker
Dale Andres
CEO, Gato Silver

Thank you and good morning everyone. Turning to slide three, we are very pleased to report that we have filed all outstanding financial filings. This has been a huge job for the team this quarter, including getting six quarters worth of financial statements and restatements finalized all at once. Now that we are current, we have scheduled our annual meeting for September 6th. And most importantly, having completed the outstanding filings allows us to focus on extending the mine life at Cerro Los Gatos and realizing the full potential of our highly prospective district. The CLG operation has been performing extremely well with record mill throughput, and we're very happy to finally be talking about our financial performance. The highlights include record-free cash flow at the Los Gatos joint venture of almost $29 million in the first quarter of this year, adding to the already strong cash balance at the joint venture level. While our corporate expenses contain several non-recurring items over the past few quarters, we continue to be net debt-free at the GSI level. Last year's discovery of the Southeast Deep Zone, with that discovery, we are targeting meaningful additions to the mine life. On top of the resource and reserve potential at Cerro Los Gatos, we are continuing to optimize to lower costs and drive margin. Later in the presentation, I will go through some of our exciting district targets that we are advancing. But first up is our CFO, Andre van Niekerk, and he'll take us through the recent restatements and financial statements that we've made over the last few days.

speaker
Unidentified Management Representative
Gato Silver Management

and present the financial metrics from 2022 and the first quarter of 2023. With that, over to you, Andre. Thanks, Del.

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