Welcome to our dedicated page for Guanajuato Silver news (Ticker: GSVRF), a resource for investors and traders seeking the latest updates and insights on Guanajuato Silver stock.
Guanajuato Silver Company Ltd. reports operating and corporate developments as a Mexico-focused precious metals producer. The company produces silver and gold from the Bolanitos mine, El Cubo Mines Complex, Valenciana Mines Complex and San Ignacio mine in Guanajuato, and produces silver, gold, lead and zinc concentrates from the Topia mine in Durango.
Recurring updates include production and financial results, NI 43-101 technical reports, mineral resource and reserve estimates, drilling programs, mine optimization initiatives, completed asset acquisitions, board appointments, stock option grants and at-the-market equity activity. Company news also addresses concentrate sales exposure to silver and gold and operating risks tied to underground mining in Mexico.
Guanajuato Silver Company Ltd. has signed an indicative term sheet with OCIM Precious Metals S.A. for a US$7.5 million non-dilutive financing. This facility, secured against GSilver's El Cubo mine, aims to enhance financial liquidity during its ramp-up phase. The pre-payment facility has an 18-month term and requires a fixed number of silver and gold ounces to be delivered monthly for repayment. GSilver currently has US$7.2 million cash on hand, which is expected to increase to US$9 million post-facility drawdown. Monthly deliveries are anticipated to commence in October 2022.
Guanajuato Silver Company Ltd. (TSXV:GSVR)(OTCQX:GSVRF) appointed Ramon Davila as President, effective immediately. Having previously served on GSilver's Advisory Board and Board of Directors, Davila brings extensive mining experience, notably as COO at First Majestic Silver Corp, where he facilitated significant production growth. His role will focus on transitioning GSilver into a mid-tier precious metals producer in Mexico. The company also signed a six-month consulting agreement with Amvest Capital Inc. for investor relations services, highlighting its commitment to growth.
Guanajuato Silver Company Ltd. (GSVRF) announces consistent drilling results from its El Cubo Mine, affirming ramp-up projections. Highlights include successful drilling in the Villalpando vein and notable findings in the newly identified Asuncion vein, with VPO21-07 returning 2.15 meters of 213 gpt AgEq. The company plans an additional 8,000 meters of drilling in 2022 at El Cubo, targeting its NW striking veins and exploring underdeveloped areas. CEO James Anderson expresses confidence in ongoing improvements in tonnage, grade, recoveries, and revenue from precious metals.
Guanajuato Silver Company Ltd. (TSXV:GSVR)(OTCQX:GSVRF) reported significant production milestones for 2021, with approximately 238,000 AgEq ounces produced in November and December. Revenue reached around US$4.1M during the same period. The company mined 76,000 tonnes from El Cubo and El Pinguico and processed 33,000 tonnes in December alone. GSilver has ramped up its operations, employing over 280 personnel, and aims to complete more than 22,000m of exploration drilling in 2022.
Guanajuato Silver Company Ltd. (TSXV:GSVR, OTCQX:GSVRF) has announced the processing of 4,000 tonnes of third-party silver and gold mineralized material at its El Cubo mill in Mexico. This decision utilizes excess processing capacity of approximately 20,000 tonnes per month. The company aims to generate additional revenue streams as it ramps up production, which currently averages about 1,000 tonnes per day. GSilver is focused on expanding its operations in the historical mining region near Guanajuato while advancing the El Pinguico mine restart.
Guanajuato Silver Company reported promising drilling results from its El Cubo mine and El Pinguico project, highlighting significant silver equivalent (AgEq) intercepts. Key findings included 0.6m of 538 gpt AgEq and 25.85m of 235 gpt AgEq at El Cubo. The company plans over 24,000 metres of drilling for 2022, focusing on resource expansion in high-grade areas. A newly constructed assay lab at El Cubo will enhance grade control and expedite assay results. The ongoing exploration is aimed at establishing a maiden resource at the historically productive El Pinguico mine.
Guanajuato Silver Company Ltd. (TSXV:GSVR) has successfully closed the second and final tranche of its non-brokered private placement, raising a total of C$9.52 million. The offering consisted of 17,304,306 units priced at C$0.75 per unit, each including a common share and a warrant. Proceeds will support ongoing operations at the El Cubo mine and the El Pinguico project in Mexico. Cash on hand currently stands at US$9.7 million and the company holds silver and gold valued at approximately US$1.4 million.
Guanajuato Silver Company Ltd. has expanded its non-brokered private placement to raise a total of $9.53 million. The placement will consist of 17,322,488 units priced at $0.55 each, with each unit comprising one common share and one half warrant, exercisable at $0.75 within two years. The initial tranche of 14,901,672 units raised $8.2 million. The final tranche is expected to close on December 7, 2021. GSilver operates the El Cubo mine and is planning to restart production at the El Pinguico mine.
Guanajuato Silver Company Ltd. (GSVRF) has successfully closed the first tranche of a non-brokered private placement, raising C$8,195,920 by issuing 14,957,672 units priced at C$0.55 each. Each unit comprises a common share and a warrant, allowing a purchase of additional shares at C$0.75. The funding will support the ongoing exploration and development of the El Cubo mine and the El Pinguico project. Major shareholders participated in this offering, reflecting confidence in the company’s growth strategy. Additionally, GSilver issued 901,224 shares to Endeavour Silver for a VAT settlement.
Guanajuato Silver Company Ltd. (OTCQX:GSVRF) announced a production update regarding its El Cubo mine in Mexico. The company reported obtaining approximately US$750,000 from a recent sale of precious metals concentrate, with a forthcoming payment of about US$1,300,000. Mine production is ramping up, averaging 950 tonnes per day, and recoveries of silver and gold are performing at 85% and 74%, respectively. Additionally, the size of a private placement has expanded to US$8.8 million in response to high demand.