21:15:29 EST Fri 09 Dec 2022
Enter Symbol
or Name

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Guanajuato Silver Company Ltd
Symbol GSVR
Shares Issued 299,858,356
Close 2022-11-23 C$ 0.445
Recent Sedar Documents

Guanajuato Silver produces 700,264 oz AgEq in Q3

2022-11-24 09:49 ET - News Release

Mr. James Anderson reports


Guanajuato Silver Company Ltd. has released consolidated production results for the three months ended Sept. 30, 2022. Complete financial results are scheduled to be released on Nov. 29, 2022, and will be available on SEDAR and the company's website. Production results are from the company's wholly owned El Cubo mine complex and the San Ignacio mine in Guanajuato, Mexico, and the Topia mine in Durango, Mexico.

Q3 production highlights:

  • Silver ounces produced during the quarter totalled 329,297 ounces, marking a 111-per-cent increase over Q2. Silver equivalent ounces produced increased 107 per cent.
  • Average silver recoveries of 88.5 per cent and gold recoveries of 86.3 per cent match or exceed historic production recoveries and demonstrate the efficiency of the processing facilities at El Cubo and Topia.
  • Significant lead and zinc sales commenced in August, 2022, at Topia from which Guanajuato Silver sells a lead-silver concentrate to Samsung C&T U.K. Ltd. and a zinc-silver concentrate to Ocean Partners U.K. Ltd.

Q3 2022 -- quarterly consolidated production

"The dramatic increase in production from Q2 to Q3 of this year reflects the welcomed addition of the San Ignacio mine and the Topia mine into our growing production portfolio," said James Anderson, chairman and chief executive officer of Guanajuato Silver. "Having successfully enhanced our production status, we now look to continue the trend of quarter-over-quarter increases in mined tonnage, grade, recoveries and, most importantly, silver equivalent ounces produced."

Technical information

Reynaldo Rivera, vice-president of exploration of Guanajuato Silver, has approved the scientific and technical information contained in this news release. Mr. Rivera is a member of the Australasian Institute of Mining and Metallurgy (AusIMM) (registration No. 220979) and a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Guanajuato Silver Company Ltd.

Guanajuato Silver is a precious metal producer engaged in reactivating past-producing silver and gold mines near the city of Guanajuato, Mexico, which has an established 480-year mining history. With five mines and three processing facilities, the company is one of the fastest-growing silver producers in Mexico.

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