Guanajuato Silver Company Ltd Stock Price, News & Analysis

Guanajuato Silver (OTCQX:GSVRF, TSXV:GSVR) was named to the 2026 OTCQX Best 50, a ranking of the top 50 companies on the OTCQX market based on one-year total return and average daily dollar volume growth for 2025.

The company highlighted that in 2025 it traded over 300 million shares in the United States and said its OTCQX quotation supported broader U.S. shareholder outreach and market awareness while complementing its leading volume position on the TSX Venture Exchange.

The OTCQX Best Market requires companies to meet financial standards, corporate governance best practices, and securities compliance to qualify.

Guanajuato Silver (OTCQX:GSVRF) closed its acquisition of the Bolanitos gold-silver mine on January 15, 2026, for up to US$50 million. Consideration includes US$40 million upfront (US$30M cash + US$10M in 36,908,363 shares) and two contingent payments of US$5 million each payable at 2M and 4M silver-equivalent ounces, each 50% cash/50% shares subject to a 9.9% ownership cap and a maximum of 26,442,434 contingent shares. Bolanitos adds a currently under-utilized 1,600 tpd flotation plant adjacent to San Ignacio. An updated NI 43-101 technical report will be filed within 180 days of November 24, 2025.

Guanajuato Silver (TSXV:GSVR | OTCQX:GSVRF) announced it has received conditional approval from the TSX Venture Exchange to proceed with the acquisition of the Bolanitos gold-silver mine in Guanajuato, Mexico.

The company previously signed a definitive agreement to buy Bolanitos from Endeavour Silver and said it is working to satisfy TSXV conditions and remaining closing requirements. Management stated the transaction is on track for completion in January 2026 and called Bolanitos poised to become the company's most significant mine.

Guanajuato Silver (OTCQX:GSVRF / TSXV:GSVR) provided a corporate update regarding operational changes ahead of the planned acquisition of Bolanitos, expected to close in January 2026 subject to TSXV approval. Management is optimizing a hub‑and‑spoke processing model after adding a third plant within 20 km, temporarily placing the Cata mill on care & maintenance and re‑routing Valenciana mineralized material to El Cubo (~10 km) to raise mill utilization and lower standby costs. Cata care & maintenance will take ~15 days. The company disclosed a Mexican court initial ruling finding its subsidiary MMR liable for US$6.96M damages plus ~US$3.34M in costs; GSilver plans a direct appeal which will stay payment pending appeal resolution (average ~8 months).

Guanajuato Silver (OTCQX:GSVRF) reported Q3 2025 results on November 28, 2025 showing a $11.3M improvement in working capital (Q3 working capital $4.6M vs negative $6.7M in Q2). The company recorded positive operating cash flow of $3,065,567 for the first nine months of 2025 and $712,271 from mining operations in Q3, with realized metal prices of $39.03/oz silver and $3,441/oz gold.

Q3 production was 457,525 AgEq oz (245,369 oz silver; 2,025 oz gold; 597,269 lb lead; 741,595 lb zinc). Capital expenditures rose 97% quarter-over-quarter to fund fleet upgrades, Mill 3 relining, a Falcon concentrator at Topia, Pinguico pre-development and dewatering work. Cash and cash equivalents were $11.6M at quarter end; subsequent to quarter end the company closed a bought deal for gross proceeds of C$43.5M (~US$31.1M) on October 9, 2025.

Guanajuato Silver (TSXV:GSVR / OTCQX:GSVRF) entered a definitive agreement to acquire the Bolanitos gold-silver mine from Endeavour for total consideration of up to US$50 million (US$40M upfront; US$10M contingent), with closing expected in January 2026. Bolanitos adds a 1,600 tpd flotation plant (currently ~75% capacity) and 2024 production of 2,471,027 AgEq oz (452,627 oz Ag; 25,230 oz Au; recoveries 84.4% Ag, 92.7% Au).

The deal includes contiguous San Ignacio integration to reduce transport and increase mill utilization, the past-producing Cebada mine for reactivation, contingent payments tied to 2M and 4M AgEq milestones, and an investor rights agreement with share transfer restrictions; COO Carlos Silva will retire Dec 31, 2025.

Guanajuato Silver (TSXV:GSVR / OTCQX:GSVRF) reported 2025 El Cubo drill results highlighting multiple high‑grade vein intercepts. Key hits include PAC25-03: 26.7 g/t Au + 321 g/t Ag = 2591 g/t AgEq over 0.42 m and SL25-10: 13.02 g/t Au + 970 g/t Ag = 2077 g/t AgEq over 0.18 m (Ag/Au = 85:1). San Luis, Dolores, Packman and Villalpando veins showed continuity and new vein discoveries; San Luis contributed >8,900 tonnes to 2025 production. Company lab performed assays; ~20% of samples were sent to ISO labs for validation and those independent results are pending.

Guanajuato Silver (OTCQX:GSVRF) has announced significant upgrades to its mining fleet at the El Cubo Mines Complex and Valenciana Mines Complex in Guanajuato, Mexico. The company has received six new mining vehicles from Shandong-based Tuoxing Heavy Machinery Company, including three low-profile trucks and three scooptrams.

Additionally, the company has ordered three "Torino" style 20-tonne haulage trucks manufactured in central Mexico, scheduled for delivery over the coming months. The new fleet additions are expected to improve operating efficiencies, enhance production, and ensure better fleet availability.

Guanajuato Silver (OTCQX:GSVRF) reported strong financial results for H1 2025, marking its fifth consecutive quarter of positive mine operating income. The company achieved $8.2M in mine operating income for H1 2025, with Q2 contributing $3.38M. Production reached 659,237 silver equivalent ounces in Q2, including 321,990 ounces of silver and 2,913 ounces of gold.

The company's working capital deficiency improved significantly, reducing by 56% from -$15.4M to -$6.7M during H1 2025. Average realized prices were strong at $33.58 per silver ounce (up 5.2% from Q1) and $3,278 per gold ounce. The company, deriving over 90% of revenue from precious metals, maintains a strategic focus on grade quality over quantity to maximize operating margins.