Guanajuato Silver Company Ltd Stock Price, News & Analysis

Guanajuato Silver Company has received Mexico's Socially Responsible Enterprise certification for 2024, recognizing their excellence in environmental, social responsibility, governance, and global context initiatives. The company has also finalized amended terms for its Gold Credit Facility with Ocean Partners UK Ltd. The facility's outstanding balance of 7,182 gold ounces will be restructured, with two-thirds amortized over 36 months starting April 2025, requiring monthly payments of 131.7 gold ounces. This represents approximately 10% of the company's modeled monthly gold production. As part of the agreement, Guanajuato Silver will issue 4,550,000 non-transferable warrants to Ocean Partners, exercisable at C$0.24 per share with a 36-month term expiring June 16, 2028.

Guanajuato Silver (GSVRF) reported strong Q1 2025 financial results, with record mine operating income of $4.8M, up 82% from the previous quarter. The company achieved record quarterly revenue of $21.3M, a 12% increase quarter-over-quarter. Production reached 738,006 silver equivalent ounces, including 380,406 oz silver, 3,347 oz gold, 699,294 lbs lead, and 909,029 lbs zinc. Operating costs improved with cash costs of $19.19 per AgEq oz (down 3%) and AISC of $23.41 per AgEq oz (down 6%). The company benefited from strong precious metals prices, with average realized prices of $31.88/oz for silver and $2,842.80/oz for gold. Adjusted EBITDA increased 135% to $4.1M. The company also appointed Dan Oliver as Lead Independent Director to enhance corporate governance.

Guanajuato Silver (GSVRF) has provided an exploration update for its El Cubo Mines Complex and San Ignacio Mine in Mexico. At El Cubo, the company completed 971.8 meters of underground diamond drilling in Q1 2025, focusing on the San Luis vein. The San Luis vein, discovered in 2022, has become one of El Cubo's most productive areas, with average grades of 116 g/t silver and 1.05 g/t gold. For 2025, GSilver plans a total of 6,500 meters of drilling across multiple veins, including Villalpando (2,500m), Dolores (1,350m), San Nicolas (1,500m), and others. At San Ignacio, the company completed a geophysical study west of the Santo Nino mining block, conducted by Zonge International, combining IP and CSAMT surveys to delineate vein systems for future exploration.

Guanajuato Silver (GSVRF) reported strong Q4 2024 financial results, marking its third consecutive quarter of positive mine operating income at $2.66M, a 416% improvement over Q3. The company achieved revenue of $19.04M, up 4% from Q3 and 15% from Q4 2023.

Q4 production reached 730,485 silver equivalent ounces, comprising 385,342 oz silver, 3,298 oz gold, 739,440 lbs lead, and 985,895 lbs zinc. The average realized prices were $31.44 for silver and $2,664.40 for gold, with over 90% of revenue from precious metals.

Operating metrics showed slight increases: cash cost rose 6% to $19.84/AgEq oz, AISC increased 5% to $24.98/AgEq oz, and cost per tonne grew 4% to $106.21. The company's Mine Operating Cashflow improved significantly from -$156K in 2023 to +$12.6M in 2024, with Working Capital improving by $3.1M.

Guanajuato Silver (GSVR/GSVRF) has announced significant development progress at its wholly-owned San Ignacio mine in Mexico. The company has completed the 430 Ramp development, reaching both the Purisima vein and the Santo Nino vein, with the latter offering access to a new mining area featuring higher gold content and a greater than two-metre wide mining block.

The company's 2023 Mineral Resource Estimate (MRE) shows substantial increases in resources: Measured and Indicated Resources of 7.621M oz AgEq at 300 g/t within 0.79M tonnes (130% increase), and Inferred Resources of 22.167M oz AgEq at 318 g/t within 2.166M tonnes (283% increase) compared to previous estimates.

Exploration plans for 2025 will focus on infill drilling in the Melladito North area, exploring deeper extensions of Nombre de Dios veins, and evaluating additional veins west of Santo Nino.

Guanajuato Silver (TSXV:GSVR)(OTCQX:GSVRF) has provided an update on its community relations and sustainability programs in Mexico. As the largest employer in Guanajuato City, the company operates two medical clinics serving over 1,050 people in the past six months across Guanajuato and Topia regions. The clinics provide essential care, health education, vaccination drives, and mental health support.

The company implements water management initiatives, recycling mine water and providing water services to rural communities, particularly schools and community spaces. Environmental efforts include reforestation projects, with over one hectare restored in the Villalpando area and 1,000 pine seedlings planted in Topia. The company also runs a 'Godparent' program matching employee donations to support vulnerable children, and coordinates various social programs including sports academies and educational initiatives.

Guanajuato Silver (TSXV:GSVR)(OTCQX:GSVRF) has received approval from the TSX Venture Exchange to graduate from Tier 2 to Tier 1 Issuer Status, effective February 14, 2025. This upgrade positions the company among the TSXV's most advanced issuers with significant financial resources.

The company has also engaged Epstein Research for investor engagement and awareness services. The three-month agreement, valued at US$6,000, includes promotional services through social media, online advertising, and monthly written articles. This follows a previous engagement from June 2022 to December 2024 that cost US$22,650.

Guanajuato Silver has filed a new NI 43-101 Technical Report for its El Cubo mine complex in Mexico, presenting an updated mineral resource estimate (2024 MRE) effective August 1, 2024. The report reveals significant growth in inferred mineral resources, showing an 85% increase to 35.6 million silver-equivalent ounces (AgEq), with tonnes increasing 179% to 3,711 kt.

The indicated mineral resources stand at 3.9M AgEq, showing only a 23% decline after three years of substantial mining activity. The company began drilling in January 2025 to convert inferred resources to indicated resources. The estimate was prepared by APEX Geoscience and includes 44 vein domain models based on 43,919 underground channel samples and 24,602 drillhole samples.

The economic assumptions used include US$25/oz Ag, US$1,950/oz Au, with 85% process recoveries for both metals, and various operational costs. The underground AgEq lower cutoff is set at 135 g/t.

Guanajuato Silver has announced a new mineral resource estimate (2024 MRE) for its 100% owned El Cubo mine complex in Mexico. The update reveals an 85% increase in Inferred mineral resources to 35.6 million silver-equivalent ounces (AgEq), with Inferred mineral resource tonnes showing a 179% increase to 3,711 kt. Indicated mineral resources stand at 3.9M AgEq, representing only a 23% decline after three years of mining activity.

The 2024 MRE was prepared by APEX Geoscience , effective August 1, 2024. The estimate includes 44 vein domain models based on 43,919 underground channel samples and 24,602 drillhole samples. The company plans to begin drilling in January 2025 to convert Inferred resources to Indicated Resources.