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Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s):  GSVRF

Guanajuato Silver Company Ltd. is a precious metals producer engaged in reactivating the past producing silver and gold mines in central Mexico. It produces silver and gold concentrates from the El Cubo Mines Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato. It produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, it is a growing silver producer in Mexico. El Cubo Mines Complex is a high-grade, epithermal-vein, underground precious metals mine. Topia mine is a silver-rich polymetallic mine. Its Cata processing facility has a capacity of 36,000 tons/month. Its El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located over 60 kilometers to the northwest of the Valenciana Mines Complex in the state of Jalisco. Its EL Pinguico Mine is a high-grade silver producer.


TSXV:GSVR - Post by User

Post by ErinBrockovichon Jun 15, 2023 12:31pm
81 Views
Post# 35498296

Here Is What Is Happening

Here Is What Is HappeningDon'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.
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