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Bullboard - Stock Discussion Forum 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... see more

TSXV:GSVR - Post Discussion

Guanajuato Silver Company Ltd > Mates, do you guys really think that GSVR is going back to
View:
Post by EricSnott on Sep 12, 2023 10:13am

Mates, do you guys really think that GSVR is going back to

.74, .64, or even .34???? 

SAFETY is an ISSUE for GSVR; the new MEXICAN MINING REFORM law; and GSVR  HUGE DEBT are big time issues that aren't going away anytime soon!

Me thinks that further diliution is in the works!!!!
Comment by MacRellen on Sep 13, 2023 6:05am
What HUGE DEBT? A total of $60MM in liabilities, but 1/3 is account payables and 1/3 is provisions for reclamation and rehabilitation related to the environmental restoration and closure costs of their mines, not due for a long time. As for loans, they owe roughly $13MM to OCIM and Ocean Partners, which is not a lot. The big issue for GSVR is that they're far from profitable at the moment ...more  
Comment by ErinBrockovich on Sep 13, 2023 7:56am
The particular poster you are responding to is on my ignore list. I don't read Snot's posts anymore. He has a personal beef with me.  Production costs have trended down, yes. But not fast enough for some. This is reflected in the stock price. AISC will further improve over the coming 4 quarters.  The mining reform is, as you say, targeted at open pit operations and new mines. ...more