Welcome to our dedicated page for Guanajuato Silver Company news (Ticker: GSVRF), a resource for investors and traders seeking the latest updates and insights on Guanajuato Silver Company stock.
Guanajuato Silver Company Ltd. (OTCQX:GSVRF) generates frequent news as a precious metals producer focused on reactivating past producing silver and gold mines in central Mexico. Company releases highlight operating performance from the El Cubo Mines Complex, the Valenciana Mines Complex, the San Ignacio mine in the state of Guanajuato, and the Topia mine in Durango, where GSilver produces silver, gold, lead and zinc concentrates.
Investors following GSVRF news can review updates on mine production and financial results, including mine operating income, working capital trends, silver‑equivalent output and non‑IFRS measures such as cash costs, all‑in sustaining costs, EBITDA and adjusted EBITDA. The company’s disclosures also cover growth transactions, such as the definitive agreement to acquire the Bolanitos gold‑silver mine and associated concessions from Endeavour Silver, which GSilver expects to become its fifth producing precious metals mine in Mexico.
News items frequently address exploration and development activity at El Cubo, VMC and Pinguico, reporting drill results from structures like the San Luis, Dolores, Packman and Santa Margarita veins, as well as permitting milestones such as the explosives permit for the Pinguico project. Operational updates describe changes to the company’s hub‑and‑spoke processing model, including mill utilization plans and the temporary care‑and‑maintenance status of the Cata plant, along with mining fleet upgrades intended to support underground operations.
This GSVRF news page on Stock Titan brings together these categories of information in one place, allowing readers to review corporate updates on production, acquisitions, financings, drilling results, project development and risk disclosures directly sourced from Guanajuato Silver’s public communications.
Summary not available.
Summary not available.
Summary not available.
Guanajuato Silver Company Ltd. (GSVRF) announced senior management changes aimed at supporting future growth. Hernan Dorado Smith has transitioned to Chief Strategy Officer, focusing on strategic expansion within Mexico. James Anderson, Chairman and CEO, highlighted the silver market's revival as a key factor for accelerating growth plans. Mario Valdez has been promoted to Co-Chief Operating Officer, sharing responsibilities with Ramon Davila, the current President. Valdez brings over 38 years of experience in the mining industry, enhancing the company's operational capabilities. Guanajuato Silver is actively reactivating silver and gold mines in central Mexico, and with four operational mines, it's positioning itself as a major silver producer in the region.
Guanajuato Silver Company Ltd. (GSVRF) reported record production for Q1 2023, achieving 938,047 silver-equivalent ounces—a 12% increase over Q4 2022. This includes 458,803 ounces of silver and 4,413 ounces of gold. The Company noted significant operational milestones, such as the successful implementation of an underground hydraulic fill tailings system at the Valenciana Mines Complex, enhancing environmental responsibility.
Q1 2023 production highlights include:
- 14% increase in silver production compared to Q4 2022.
- 13% increase in gold production over the same period.
- Production guidance for 2023 remains at 4.6 to 4.8 million ounces.
Improvements in processing capacity and operational efficiency are anticipated as GSilver continues its growth trajectory in one of Mexico's key silver producing regions.
Guanajuato Silver Company Ltd. (GSVRF) reported a strong performance in its 2022 financial results, achieving record production of 2.15 million silver-equivalent ounces. The company noted a significant revenue increase to $36.8 million with an average silver price realization of $21.23 per ounce. Noteworthy highlights included a cash cost of $15.84 per ounce, and positive mine operating cash flow of over $2 million.
Despite a net loss of $26.7 million, primarily from non-cash items, GSilver's 2023 production guidance anticipates 4.6 to 4.8 million ounces of silver equivalent, indicating growth. The company plans to continue expanding its operations with strategic investments in its mines, including a mill expansion and modernization efforts.
Guanajuato Silver Company Ltd. (GSVRF) has successfully drawn down US$5M from a new pre-payment facility with OCIM Metals & Mining S.A.. The funds will eliminate the previous OCIM prepayment commitment and support capital expenditures aimed at ramping up operations at its four silver mines. CEO James Anderson noted that this financing aids in prioritizing production growth. GSilver is engaged in reactivating historic silver and gold mines in Mexico, positioning itself as a fast-growing producer in the region.
Guanajuato Silver Company Ltd. (GSVRF) announced a new US$5 million silver and gold pre-payment facility with OCIM Metals & Mining S.A. This replaces the existing facility, reducing obligations from US$10.5 million to US$5 million. The new facility has a 19-month term with a grace period and repayment tied to silver and gold deliveries at a 12% discount off the LBMA fix price. Additionally, the company extended payment terms on royalties related to its El Pinguico project. This strategic move aims to enhance financial flexibility and support operations across its mines in Mexico, aligning with GSilver's goal of becoming a mid-tier silver producer.
Guanajuato Silver Company Ltd. (GSVRF) announced a significant equity acquisition by a US institutional investor, which now holds about 24 million common shares. This acquisition represents the majority of the prior stake held by Great Panther Mining. Chairman and CEO James Anderson expressed that this investment is a strong endorsement of GSilver's projects and management capabilities. The company, engaged in reactivating silver and gold mines in Mexico, operates multiple mines including the El Cubo and Topia, positioning itself as one of the fastest-growing silver producers. The transaction aims to strengthen GSilver's capital structure.
Guanajuato Silver Company (GSVRF) announced promising drill results from its San Ignacio mine in Mexico. The highlighted drill hole, SI22-006, intersected 1,219 g/t AgEq over nearly five meters, including a remarkable section of 6,981 g/t AgEq. This discovery could significantly enhance the mine's potential. The company is also developing a 400-meter access ramp to the nearby Purisima vein, aiming for expanded production exceeding 12,000 tonnes per month within six months. A new resource calculation is in progress, expected by Q3 2023. These developments position GSilver as a growing player in the silver production sector.
FAQ
What is the current stock price of Guanajuato Silver Company (GSVRF)?
What is the market cap of Guanajuato Silver Company (GSVRF)?
