Guanajuato Silver Announces Officer Resignation

Rhea-AI Summary

Guanajuato Silver (OTCQX:GSVRF) announced the resignation of Richard Silas as VP Corporate Development and Corporate Secretary, effective to address a personal matter. Silas remains on the Board of Directors.

Susana Del Rio, head of legal and compliance, is appointed VP of Administration and Corporate Secretary.

Positive

• Board continuity maintained as Richard Silas remains a director
• Internal promotion of Susana Del Rio, who already leads legal and compliance
• New VP of Administration and Corporate Secretary has six years of company experience

Negative

• Resignation of VP Corporate Development and Corporate Secretary from day-to-day role
• Leadership transition as key corporate duties shift to a new executive

News Market Reaction – GSVRF

-3.92%

-3.92% Session close to close

In the Jul 8 session, GSVRF declined 3.92%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

VANCOUVER, BC / ACCESS Newswire / July 7, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) reports the resignation of Richard Silas, VP Corporate Development and Corporate Secretary. Mr. Silas will remain a valued member of the Board of Directors while curtailing his day-to-day activities to attend to a personal matter. The Company is pleased to announce that Mr. Silas' duties will be principally handled by Susana Del Rio, who has been newly appointed VP of Administration and Corporate Secretary. Ms. Del Rio currently heads Guanajuato Silver's legal and compliance team. She is a graduate of the Monterrey Institute of Technology and has held several managerial positions of progressively greater responsibility within the Company over the past six years.

About Guanajuato Silver

Guanajuato Silver is a precious metals producer with a portfolio of producing silver and gold mines in central Mexico. The Company has a core operational footprint of four operating silver-gold assets in the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango.

For more information on Guanajuato Silver, please visit our website at www.gsilver.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"James Anderson"
Chairman and CEO

For further information regarding Guanajuato Silver Company Ltd., please contact:

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
GSilver.com

Guanajuato Silver Bullion Store

Please visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Guanajuato Silver Company Ltd.

View the original press release on ACCESS Newswire

FAQ

What management change did Guanajuato Silver (OTCQX:GSVRF) announce on July 7, 2026?

Guanajuato Silver announced the resignation of Richard Silas as VP Corporate Development and Corporate Secretary. According to Guanajuato Silver, Silas will focus on a personal matter while remaining on the Board, and his duties will be principally assumed by executive Susana Del Rio.

Who is replacing Richard Silas as Corporate Secretary at Guanajuato Silver (GSVRF)?

Guanajuato Silver appointed Susana Del Rio as VP of Administration and Corporate Secretary. According to Guanajuato Silver, Del Rio already leads the company’s legal and compliance team and will principally handle the responsibilities formerly overseen by outgoing officer and continuing director Richard Silas.

Will Richard Silas remain involved with Guanajuato Silver (GSVRF) after his resignation?

Yes, Richard Silas will remain a member of Guanajuato Silver’s Board of Directors. According to Guanajuato Silver, he is curtailing day-to-day executive activities to attend to a personal matter, while continuing to contribute at the board level for ongoing corporate governance.

What is the background of new Guanajuato Silver executive Susana Del Rio?

Susana Del Rio leads Guanajuato Silver’s legal and compliance team and is now VP of Administration. According to Guanajuato Silver, she is a Monterrey Institute of Technology graduate with several managerial roles of increasing responsibility within the company over the last six years.

How might the officer resignation affect Guanajuato Silver’s corporate functions?

Corporate functions are expected to transition primarily to new executive Susana Del Rio. According to Guanajuato Silver, Del Rio will principally handle duties previously managed by Richard Silas, aiming to provide continuity given her existing leadership of the company’s legal and compliance operations.