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Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s):  GSVRF

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 Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. The Company conducts business through its four operating mines and three processing facilities.


TSXV:GSVR - Post by User

Post by gimmycash2on Nov 21, 2022 6:42pm
138 Views
Post# 35117054

Looking at the last financials

Looking at the last financialsI was considering investing here after all the pumping Erin does but finally I decided against it.too much overhead and cost to get the silver out of the ground ,8 mil cost to sell 6 mil of product .not viable ,and that cumulative debt of 58 mil with the going concern clause that the company is unsure it  will be able to raise enough capital by sales and capital raises to continue operations does raise some flags.so in the end the amount of silver in the ground doesn't matter ,if it costs you 1.25 to make $1.00 it's not a viable buisness.I pass on this Erin pump.
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