FORM 13-502F1 |
| CLASS 1 AND CLASS 3B REPORTING ISSUERS – PARTICIPATION FEE |
| | MANAGEMENT CERTIFICATION |
| | | I, Adam Dubas, an officer of the reporting issuer noted below have examined this Form 13-502F1 (the | Form) |
| | | being submitted hereunder to the Ontario Securities Commission and certify that to my knowledge, having |
| | | exercised reasonable diligence, the information provided in the Form is complete and accurate. |
| | | | | March 30, 2021 |
| | | (s) "Adam Dubas" |
| | | | | Date: | Name: Adam Dubas |
| | | Title: Chief Administrative Officer |
| | | Reporting Issuer Name: | Gatos Silver, Inc. |
| | | End date of previous financial year: | December 31, 2020 |
| | | Type of Reporting Issuer: | | Class 1 reporting issuer Class 3B reporting issuer |
| | | Highest Trading Marketplace: | Toronto Stock Exchange |
| | | (refer to the definition of “highest trading marketplace” under OSC Rule 13-502 Fees) Market value of listed or quoted equity securities: (in Canadian Dollars - refer to section 7.1 of OSC Rule 13-502 Fees) |
| | | Equity Symbol | | | GATO |
| | | 1st Specified Trading Period (dd/mm/yy) |
| | | (refer to the definition of “specified trading period” under OSC |
| | | Rule 13-502 Fees) | | | | | | | 01/01/2020 | to | | 31/03/2020 |
| | | Closing price of the security in the class or series on |
| | | the last trading day of the specified trading period in |
| | | which such security was listed or quoted on the |
| | | highest trading marketplace | | | $ | | N/A | (i) |
| | | Number of securities in the class or series of such |
| | | security outstanding at the end of the last trading day |
| | | of the specified trading period | | | | | N/A | (ii) |
| | | Market value of class or series | | (i) x (ii) | $ | | N/A | (A) |
| | | 2nd Specified Trading Period (dd/mm/yy) |
| | | (refer to the definition of “specified trading period” under OSC |
| | | Rule 13-502 Fees) | | | | 01/04/2020 | to | | 30/06/2020 |
| | | Closing price of the security in the class or series on |
| | | the last trading day of the specified trading period in |
| | | which such security was listed or quoted on the |
| | | highest trading marketplace | | | $ | | N/A | (iii) |
- 2 - |
| Number of securities in the class or series of such | |
| security outstanding at the end of the last trading day | |
| of the specified trading period | | N/A | (iv) |
| Market value of class or series | | | | (iii) x (iv) | $ | N/A | (B) |
| 3rd Specified Trading Period (dd/mm/yy) | | | | | |
| (refer to the definition of “specified trading period” under OSC |
| | | | | | 01/07/2020 | to | 30/09/2020 | |
| Rule 13-502 Fees) |
| Closing price of the security in the class or series on | |
| the last trading day of the specified trading period in |
| which such security was listed or quoted on the |
| highest trading marketplace | $ | N/A | (v) |
| Number of securities in the class or series of such | | | |
| security outstanding at the end of the last trading day |
| of the specified trading period | | N/A | (vi) |
| Market value of class or series | | | | (v) x (vi) | $ | N/A | (C) |
| 4th Specified Trading Period (dd/mm/yy) | | | | | | | |
| (refer to the definition of “specified trading period” under OSC |
| | | | | | 01/10/2020 | to | 31/12/2020 | |
| Rule 13-502 Fees) |
| Closing price of the security in the class or series on | |
| the last trading day of the specified trading period in |
| which such security was listed or quoted on the |
| highest trading marketplace | $ | 16.52 | (vii) |
| Number of securities in the class or series of such | | | |
| security outstanding at the end of the last trading day |
| of the specified trading period | | 59,183,076 | | | | | (vii ) |
| Market value of class or series | | | | (vii) x (viii) | $ | 977,704,416 | | | | | (D) |
| 5th Specified Trading Period (dd/mm/yy) | | | | | |
| (if applicable, refer to the definition of “specified trading period” |
| | | | | N/A | to | N/A | |
| under OSC Rule 13-502 Fees) |
| Closing price of the security in the class or series on | |
| the last trading day of the specified trading period in |
| which such security was listed or quoted on the |
| highest trading marketplace | $ | N/A | (ix) |
| Number of securities in the class or series of such | | | |
| security outstanding at the end of the last trading day |
| of the specified trading period | | N/A | (x) |
| Market value of class or series | | | | (ix) x (x) | $ | N/A | (E) |
| Average Market Value of Class or Series | |
| (Calculate the simple average of the market value of the class or |
| series of security for each applicable specified trading period (i.e. |
| | | | | | | | | $ | 977,704,416 | (1) |
| A through E above)) |
| (Repeat the above calculation for each other class or series of equity securities of the reporting issuer (and a |
| subsidiary pursuant to paragraph 2.8(1)(c) of OSC Rule 13-502 Fees, if applicable) that was listed or quoted on a |
| marketplace at the end of the previous financial year) |
| | | | | | | | | |
- 3 - |
| Fair value of outstanding debt securities: |
| (See paragraph 2.8(1)(b), and if applicable, paragraph |
| 2.8(1)(c) of OSC Rule 13-502 Fees) | | | | | $ | N/A | (2) |
| (Provide details of how value was determined) | | | | | N/A | |
| | | | | | | |
| Capitalization for the previous financial year | | | | | (1) + (2) | $ | 977,704,416 | |
| Participation Fee | | | | $ | 13,650 | |
| (For Class 1 reporting issuers, from Appendix A of OSC Rule |
| | | | | | | | |
| 13-502 Fees, select the participation fee) |
| (For Class 3B reporting issuers, from Appendix A.1 of OSC | | | |
| Rule 13-502 Fees, select the participation fee) | | | | | | |
| | | | | | |
| | | | | |
| Late Fee, if applicable | |
| (As determined under section 2.7 of OSC Rule 13-502 Fees) | | $ | N/A | |
| | | | | | |
| | | | | |
| Total Fee Payable | |
| (Participation Fee plus Late Fee) | | $ | 13,650 | |
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