Bullboard - Stock Discussion Forum Guanajuato Silver Company Ltd GSVRF

Primary Symbol: V.GSVR

Metals & Mining Industrial Metals & Minerals

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

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Guanajuato Silver Company Ltd > Here Is What Is Happening

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Post by ErinBrockovich on Jun 15, 2023 12:31pm

Here Is What Is Happening

Don't be a nervous Nellie

@lexcon Miners in Mexico are getting dumped due to fears over the recent mining law proposals. A reposting of the intent to block all new open pit mines was in the news yesterday as well. The law primarily impacts new concessions (currently a proposed freeze and revamped awarding process), and clearly has impact on open pittable resources not currently in place. But GSVR is entirely underground mining, most likely would remain U/G even with new acquisitions---and their expansion plans are clearly geared to acquiring and resurrecting existing mines. So no new concessions and no new open pits has zero direct impact on GSVR current properties and potential target properties. When the market realizes they are throwing out the baby with the bathwater by punishing all mining assets located in Mexico the price will turn back up.