Resource Guitarra I hope there is no negative surprise ahead.
This is what Silvermex writes on the homepage:
"Resource and Reserve Estimates
The existing La Guitarra NI 43-101 resource estimate and resulting report were prepared by previous management and external third party sources. Between 2006 and 2009, over 86,000 m of exploration and infill drilling were completed at La Guitarra and over 10,000 channel samples were collected. Silvermex has an extensive review process underway to compile and analyze all past exploration results and available data into a comprehensive new resource model. This will assist the company to gain a better understanding of the existing reserves and resources."
"Better understand" is a euphemism for: we were wrong on that.
For the other, less important projects there are resource estimates on the homepage. So why are they hiding the old resources, you have to go look them up in the annual information form:
Category
tonnes ('000) Ag g/t Au g/t eAg g/t oz Ag oz Au oz eAg
Underground Reserves
Proven 577 208 1.50 292 3,858,000 27,800 5,417,000
Probable 1,608 209 1.45 290 10,804,000 74,900 14,992,000
Total Underground Reserves 2,185 209 1.46 291 14,662,000 102,700 20,409,000
Underground Inferred Resources
Total Underground Inferred 10,000 305 1.95 414 98,063,000 627,600 133,103,000
I think it is highly uncommon not to show the Guitarra reserves on the homepage and I suspect a negative resource update