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Guanajuato Silver Company Ltd - GSVRF STOCK NEWS

Welcome to our dedicated news page for Guanajuato Silver Company (Ticker: GSVRF), a resource for investors and traders seeking the latest updates and insights on Guanajuato Silver Company.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Guanajuato Silver Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Guanajuato Silver Company's position in the market.

Rhea-AI Summary
Guanajuato Silver Company Ltd. (GSilver) (TSXV:GSVR)(OTCQX:GSVRF) has closed a US$7.5 million Gold Loan Credit Facility financing with Ocean Partners UK Ltd. The unsecured loan facility is for a term of 36 months, with equal fixed monthly installments of gold totalling approximately 191 troy ounces per month for 30 months, following a six-month grace period. The number of ounces to be delivered per month is based on a discount to the LBMA gold closing price of US$2,046.95 on November 29, 2023. Approximately US$4.6 million of the new Facility will be used to extinguish in full one of the outstanding loans due to Ocean Partners; the remainder of the funds will be used for capex initiatives at the Company's El Cubo Mines Complex and Valenciana Mines Complex, as well as for general working capital purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.56%
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none
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Rhea-AI Summary
Guanajuato Silver Company Ltd. (GSilver) (TSXV:GSVR)(OTCQX:GSVRF) appoints Carlos A. Silva as Chief Operating Officer, eliminates US$2,000,000 in contingent payments, and withdraws from Aquis Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.24%
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none
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Rhea-AI Summary
Guanajuato Silver Company Ltd. (GSilver) (TSXV:GSVR)(OTCQX:GSVRF) has announced the commencement of development work and the processing of mineralized material from an existing stockpile at its 100% owned El Horcon mine located approximately 60km NW of Guanajuato, Mexico. The company is confident that the development programs planned for 2024 will add value to El Horcon and allow them to rapidly advance this exciting project. The El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located approximately 60km to the northwest of the VMC. Mineralization at El Horcon is dominated by the regional extension of the prolific Veta Madre vein system and consists of numerous quartz-dominated gold-silver bearing veins; mineralization at El Horcon also contains significant lead and zinc values. The El Horcon mine is a past producer dating back to the 16th century, and several underground workings, tunnels, and access points are known to exist. In 2017, the previous operator established a historical inferred mineral resource that was prepared in accordance with National Instrument 43-101 of 2.0 million silver-equivalent ounces (AgEq) from 162,140 tonnes grading 3.44g/t gold, 76 g/t silver and 2.69% lead, and 3.79% zinc based on 42 drill holes and 463 underground channel samples. The El Horcon mineral resource estimate is a historical estimate and the reader is cautioned not to treat them, or any part of them, as a current resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources or mineral reserves.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
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none
Rhea-AI Summary
Guanajuato Silver Company Ltd. (GSVR) released financial and operating results for the three and nine months ended September 30, 2023. The company reported a decrease in net loss by 21% in Q3, with revenue of $15.6M for the quarter. However, all-in sustaining cost (AISC) per AgEq ounce produced was higher than Q2 2023. Metals production during the quarter totaled 787,086 AgEq ounces, derived from silver, gold, lead, and zinc. Tonnes mined and milled decreased by 23% and 24% respectively from Q2 to Q3. Average silver and gold recoveries were 83.3% and 81.5% respectively for Q3. The company remains committed to achieving mid-tier producer status through a rapid combination of accretive mine acquisitions and the optimization of the existing mine portfolio.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
Tags
earnings
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Rhea-AI Summary
Guanajuato Silver Company has filed a National Instrument 43-101 Technical Report for a new mineral resource estimate for its San Ignacio mine in Guanajuato, Mexico. The report was prepared by APEX Geoscience Ltd. and supports the company's previous disclosure. It can be viewed on sedarplus.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.83%
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none
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Rhea-AI Summary
Guanajuato Silver completes shares-for-debt transaction worth C$937,065.60
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Rhea-AI Sentiment
End-of-Day
8.5%
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none
Rhea-AI Summary
Guanajuato Silver Company provides operations update and revised 2023 production guidance for its silver mines
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
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none
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Rhea-AI Summary
Guanajuato Silver Company announces a significant increase in the San Ignacio mine's mineral resource estimate. Measured & Indicated category increased by 130% and Inferred category increased by 283%. This update is part of the company's effort to upgrade all resource estimates for its silver mines in Mexico. The new estimate shows increases in contained metals of approximately 4.318M oz AgEqii in the Measured and Indicated category (130% increase), and 16.385M oz AgEqii in the Inferred category (283% increase).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.05%
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none
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Rhea-AI Summary
Guanajuato Silver Company Ltd. announces Q2 production of over 941,338 AgEq ounces. Net loss narrows by 2% in Q2 to $8.5M compared to $8.6M in Q1. All-in sustaining cost of $22.47 per AgEq ounce produced. Tonnes mined and milled increased 3% and 2% respectively from Q1 to Q2. Silver and gold recoveries back to near-historical highs. Average silver and gold recoveries for Q2 were 84.9% and 83.1% respectively. Cash cost per silver equivalent ounce include mining, processing, and direct overhead.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.58%
Tags
earnings
Rhea-AI Summary
Guanajuato Silver announces positive drill results from Topia Mine in Mexico, indicating production potential within 2km of mill facility. Infill and resource expansion drilling ongoing with good results at multiple veins. Debt settlement arranged with certain creditors for $1,207,093 in outstanding liabilities, settled by issuance of 3,772,167 common shares at $0.32 per share. Debt settlement subject to TSX Venture Exchange approval. Sampling and quality assurance/quality control procedures followed.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.24%
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none
Guanajuato Silver Company Ltd

OTC:GSVRF

GSVRF Rankings

GSVRF Stock Data

52.73M
327.43M
8.1%
21.09%
Silver
Basic Materials
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Canada
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