Gatos Silver : 2023 ESTMA Report

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Entity Name				Gatos Silver Inc.
Reporting Year	From	1/01/23	To:	12/31/23	Date submitted	5/21/24
Reporting Entity ESTMA Identification Number	E315895		Original Submission
	Amended Report
Other Subsidiaries Included
(optional field)
Not Consolidated
Not Substituted

Attestation by Reporting Entity

In accordance with the requirements of the ESTMA, and in particular section 9 thereof, I attest I have reviewed the information contained in the ESTMA report for the entity(ies) listed above. Based on my knowledge, and having exercised reasonable diligence, the information in the ESTMA report is true, accurate and complete in all material respects for the purposes of the Act, for the reporting year listed above.

Full Name of Director or Officer of Reporting Entity	André van Niekerk
Position Title	Chief Financial Officer

Date

5/21/24

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	1/01/23	To:	12/31/23
Reporting Entity Name			Gatos Silver Inc.			Currency of the Report	USD
Reporting Entity ESTMA			E315895
Identification Number
Subsidiary Reporting Entities (if
necessary)
					Payments by Payee
		Departments, Agency, etc…							Infrastructure	Total Amount paid to
Country	Payee Name1	within Payee that Received	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Notes34
Improvement Payments	Payee
		Payments2
											Departments: Tax Administration
											Service, National Water Commission,
	The National Government of										Secretariat of Environment and
Mexico		10,417,955		161,506	2,521,620				13,101,081	Natural Resources
Mexico
										Payments: Mining Tax, Mining
											Concessions, Income Tax, and Water
											Consumptions
Canada -British Columbia	Province of British Columbia		126,088							126,088	Department: Ministry of Finance
											Payments: Employer Health Tax
United States of America	State of Delaware		203,050							203,050	Department: Corporate Tax
											Payments: Delaware Franchise Tax

Additional Notes:

The currency used to make payments to the National Government of Mexico is the Mexican Peso, translated to US Dollars utilizing the USD:MXN foreign exchange spot rate from the Bank of Mexico on the last day of the year, December 29, 2023, of 16.8935.

The currency used to make payments to the Government of Canada is the Canadian Dollar, translated to US Dollar on the date of the transaction, with an average USD:CAD foreign exchange rate from the Bank of Canada of $1.34.

UNCLASSIFIED - NON CLASSIFIÉ

Extractive Sector Transparency Measures Act - Annual Report

Reporting Year	From:	1/01/23	To:	12/31/23
Reporting Entity Name			Gatos Silver Inc.			Currency of the Report	USD
Reporting Entity ESTMA			E315895
Identification Number
Subsidiary Reporting Entities (if
necessary)
				Payments by Project
Country	Project Name1	Taxes	Royalties	Fees	Production Entitlements	Bonuses	Dividends	Infrastructure	Total Amount paid by	Notes23
Improvement Payments	Project
Mexico	Cerro Los Gatos Mine	10,417,955		161,506	2,521,620				13,101,081
Canada -British Columbia	Corporate	126,088							126,088
United States of America	Corporate	203,050							203,050

Additional Notes3:

The currency used to make payments to the National Government of Mexico is the Mexican Peso, translated to US Dollars utilizing the USD:MXN foreign exchange spot rate from the Bank of Mexico on the last day of the year, December 29, 2023, of 16.8935.

The currency used to make payments to the Government of Canada is the Canadian Dollar, translated to US Dollar on the date of the transaction, with an average USD:CAD foreign exchange rate from the Bank of Canada of $1.34.