Guanajuato Silver Company Ltd. - $GSVRF STOCK NEWS

Guanajuato Silver (GSVRF) has announced its Q1 2024 financial and operating results, highlighting a 16% increase in silver equivalent production to 987,312 AgEq ounces. This improvement follows a 20% rise in tonnes milled, reaching 165,079 tonnes processed across its operations in Mexico. The company reported a 7% increase in revenue to $17.8 million, with a net loss reduction to $7.3 million. Operating costs per AgEq ounce fell by 6%, with AISC at $20.19 and cash costs at $16.55 per ounce. Realized prices averaged $23.37 per silver ounce and $2,068 per gold ounce.

Guanajuato Silver Company (GSVR; OTCQX:GSVRF) has fully repaid a US$5 million credit facility to Ocean Partners UK , improving its financial position. CEO James Anderson highlighted this as a positive step for monthly economic performance and lower operating costs at their four silver mines. The company now has two remaining loans: a US$5 million pre-payment facility with OCIM Metals & Mining, with a US$3.2 million balance due by September 2024, and a US$13.3 million gold loan from Ocean Partners, with payments starting June 2024. GSilver aims to be debt-free and improve its working capital position.

Miranda Werstiuk joins Guanajuato Silver Company 's Board of Directors, bringing over 30 years of resource-specific financing experience. The Company also grants stock options to a director. Miranda's appointment emphasizes diversity and growth in the mining industry. She has a strong background in financial advisory services, debt, and equity transactions, and alternative financing products. The appointment signals positive growth and innovation for Guanajuato Silver.

Guanajuato Silver Company announces the completion of updated NI 43-101 technical disclosure reports covering Valenciana, San Ignacio, Topia, and El Cubo mine assets. The reports confirm no changes in mineral resource estimates, except for normal depletion from mining activities.

Guanajuato Silver Company (GSVRF) reports record production and revenue for 2023, with a 64% increase in silver-equivalent ounces. The company's consolidated financial statements show a 79% revenue increase to $66.1M. Despite higher capital expenditures leading to cash costs of $18.22 per AgEq ounce and a net loss of $31.9M, Guanajuato Silver remains optimistic about its assets and production efficiency.

Guanajuato Silver Company (GSilver) reports a 16.1% increase in silver-equivalent production for Q1 2024, marking the best quarter in the company's history. Production highlights include 987,312 silver-equivalent ounces, with significant improvements in silver and gold recoveries. The company's strong start to the year is attributed to capex investments aimed at enhancing efficiencies across its production assets.

Guanajuato Silver Company (GSVRF) announces the granting of 4.2 million stock options and 1.6 million restricted share units (RSUs) to select officers, directors, employees, and consultants. The stock options are exercisable for five years at $0.20 per share, with vesting over a 24-month period. The RSUs vest after twelve months, entitling the holder to one common share each.

Guanajuato Silver Company Ltd. signs a new gold and silver processing agreement with REM Marfil, S.A. De C.V., aiming to process mineralized material from the La Providencia mine project at their El Cubo and Cata processing facilities in Guanajuato, Mexico. The Agreement covers 80,000 dry metric tonnes with a minimum head grade of 0.43 grams per tonne gold and 192 grams per tonne silver, sourced locally. The first concentrates are expected in April 2024.

Guanajuato Silver Company Ltd. (GSilver) increases Gold Loan Credit Facility to US$13.3 million with Ocean Partners UK Ltd. The facility will support production expansion in Mexico. The Expanded Facility is for 36 months with monthly gold repayments based on LBMA gold prices. GSilver also settles debt through shares issuance, including to insiders.