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.
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.
Guanajuato Silver Company Ltd. has announced the recommencement of mining at the 100% owned Valenciana Mines Complex in Guanajuato, Mexico, ahead of schedule. The Cata processing facility restart is projected for late 2022, promising a production run rate of approximately 3.4 million AgEq ounces per annum. Mining operations at Valenciana are expected to yield 5,000 tonnes per month, with the Cata mill set to process up to 36,000 tonnes monthly. CEO James Anderson emphasizes the revitalization of historical silver mining resources, aiming for increased shareholder value.
Guanajuato Silver Company Ltd. (TSXV:GSVR)(OTCQX:GSVRF) announced a significant operational update on October 4, 2022, revealing an 85% increase in silver equivalent production (267,525 ounces) from July to August 2022, following the acquisition of the Topia and San Ignacio mines. Cash costs per AgEq ounce dropped to $15.09, while silver and gold recoveries reached 88.9% and 85.6%, respectively. The company projects a run rate of approximately 3.4 million AgEq ounces annually. Additionally, an Omnibus Equity Compensation Plan has been adopted, pending shareholder approval.
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