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Bullboard - Stock Discussion Forum Guanajuato Silver Company Ltd GSVRF


Primary Symbol: V.GSVR

Guanajuato Silver Company Ltd. is a Canada-based precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mines Complex (El Cubo), Valenciana Mines Complex (VMC), and the San Ignacio mine (San Ignacio); all three mines are located within the state of Guanajuato. Additionally, the... see more

TSXV:GSVR - Post Discussion

Guanajuato Silver Company Ltd > Debt Is Manageable. GSVR Is Paying It
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Post by ErinBrockovich on Jan 27, 2023 8:10am

Debt Is Manageable. GSVR Is Paying It

From CEO boards... on At the end of sept, 2022 there was $13 million in outstanding loans, and there would be another $2 million contingency payment due to GPR if GSVR produces over 2.5 million oz from the GPR assets as well as silver spot price exceeding targets of $27.50 and $30. So, total outstanding loans and contingency payments amount to about $15 million. Obviously production annual total expenses will go up along with a doubling of production, but it is possible the company could be debt free by end of 2023 (not just pay down debt, eliminate debt)
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Comment by ErinBrockovich on Jan 27, 2023 9:38am
You read that correctly. Debt free by end of 2023 is possible. 
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