Guanajuato Silver Company Ltd Stock Price, News & Analysis

Guanajuato Silver Company Ltd. reported a record consolidated production of 836,375 silver-equivalent ounces in Q4 2022, a 19% increase from Q3. The quarter's numbers include 401,244 ounces of silver, 3,907 ounces of gold, 811,492 pounds of lead, and 1,261,554 pounds of zinc. Average silver recoveries improved to 86.8%. The company completed a new gravity circuit expected to enhance recovery rates and initiated a dry stack tailings project awaiting regulatory approval. Operational efficiencies led to substantial cost reductions, and all recently acquired assets are now productive, positioning GSilver as one of Mexico's fastest-growing silver producers.

Guanajuato Silver Company Ltd. (GSVRF) announced the operational restart of the Cata mill at its Valenciana Mines Complex in Guanajuato, Mexico. This completion of processing capabilities enhances the company’s position as one of the fastest-growing silver producers in the region. The mill aims to process an initial 8,000 tonnes per month, with plans to increase to 20,000 tonnes per month by year-end, ultimately reaching a full capacity of 36,000 tonnes. The company anticipates achieving 83%-85% metallurgical recoveries for both silver and gold. Environmental measures are in place to manage tailings sustainably.

Guanajuato Silver Company (TSXV:GSVR) expands its non-brokered private placement, increasing the total offering to C$8.5 million by issuing 20,032,682 units at C$0.425 each. Each unit includes one common share and half a warrant (exercise price: C$0.60 for two years). The initial tranche of C$6.8 million was closed on December 21, 2022. Proceeds will enhance production at existing mines in Mexico, modernize processing facilities, and fund exploration and administrative costs. A second tranche is anticipated by January 10, 2023.

Guanajuato Silver Company Ltd. has announced a US$5.0 million revolving credit facility with Ocean Partners (UK) Limited to support operations and working capital. This facility complements an existing US$5.0 million credit line from August 2022. The agreement involves the consolidation of the sale of concentrate from its Guanajuato mines and includes repayments of existing debts totaling US$1.5 million. Additionally, GSilver has completed a shares-for-debt transaction worth C$1,127,038, issuing over 2.8 million shares at C$0.40 each.

Guanajuato Silver Company Ltd. (GSVRF) reported significant operational growth in Q3 2022, achieving 700,264 silver equivalent ounces, a 107% increase from Q2. Cash costs decreased by 19% to $13.86 per AgEq ounce, while all-in sustaining costs also fell to $19.53. Despite a 139% increase in net loss attributed to lower metal prices and legal fees, the company maintains a cash balance of $6.36 million. CEO James Anderson expresses confidence in continued production increases and cost reduction efforts.

Guanajuato Silver Company Ltd. (GSVRF) reports a significant production boost for Q3 2022, achieving 329,297 ounces of silver, up 111% from the previous quarter. The company also produced 700,264 silver-equivalent ounces, a 107% increase. Enhanced recoveries of 88.5% for silver and 86.3% for gold demonstrate effective processing at El Cubo and Topia. The San Ignacio Mine and Topia's lead and zinc sales mark strategic growth. Full financial results are due on November 29, 2022, providing further insights into the company's performance.

Guanajuato Silver Company Ltd. (GSVRF) has announced a partial prepayment of its loans with OCIM Precious Metals S.A. The company delivered 96,518 ounces of silver and 846 ounces of gold, reducing remaining monthly payments to ten. This early repayment allowed GSilver to benefit from a discount and lower spot prices, resulting in additional cost savings. CEO James Anderson emphasized the company's strategy to leverage market dips for purchasing bullion as they ramp up production across their four silver mines in Mexico.

Guanajuato Silver Company Ltd. reported the discovery of a new transverse vein named the San Luis vein at its El Cubo Mine in Mexico. Drilling results confirm the continuation of this vein, which is believed to have higher gold content compared to adjacent structures. Initial production has commenced, and the company anticipates this vein could become a significant source of high-grade material, similar to the Santa Cecilia area. The mine has nearly 200 years of operational history and is central to GSilver's growth strategy in Guanajuato.

Guanajuato Silver Company Ltd. (GSVRF) has successfully joined the Apex segment of the Aquis Stock Exchange, effective October 25, 2022. The company aims for a production run-rate of 3.4 million silver-equivalent ounces by year-end 2022 and between 5.5 to 6 million ounces by the end of 2023. GSilver also operates multiple silver and gold mines in Mexico, having acquired additional assets in 2022. It has a market capitalization of approximately £77 million and continues to trade on the TSX Venture Exchange.