Guanajuato Silver (GSVR) Corporate presentation summary

Strategic operations and assets

• Operates five producing mines in the Guanajuato Mining District, consolidating a historic mining region with a 450-year legacy.

• Acquired the Bolanitos Gold-Silver Mine in January 2026 for US$50 million, expanding operational capacity.

• Employs a hub-and-spoke mining strategy centered on the El Cubo Mines Complex.

• Processing facilities include the Topia flotation plant (7,500 tonnes/month) and Bolanitos mill (1,600 tpd).

• Mines are operating below full capacity, indicating room for production growth.

Production and financial performance

• Achieved record Q1 2026 revenue of $43.1M, EBITDA of $13.1M, and net income of $5.7M.

• 2025 consolidated production: 1,847,254 oz silver, 25,591 oz gold, 2.7M lbs lead, 3.3M lbs zinc.

• Q1 2026 cash and cash equivalents totaled $30.5M.

• Silver accounted for 58% and gold for 39% of Q1 2026 revenues.

• Bolanitos, El Cubo, Valenciana, San Ignacio, and Topia are the main producing assets.

Resource base and reserves

• Total measured, indicated, and inferred resources across all mines exceed 100M AgEq ounces.

• Bolanitos: 2.2M AgEq oz proven & probable, 9.8M AgEq oz measured & indicated, 10.1M AgEq oz inferred.

• El Cubo: 3.9M AgEq oz indicated, 35.6M AgEq oz inferred.

• Topia: 11.1M AgEq oz measured & indicated, 8.2M AgEq oz inferred.

• San Ignacio and Valenciana also contribute significant silver and gold resources.