Guanajuato Silver Company Ltd V.GSVR

Alternate Symbol(s): GSVRF

Metals & Mining Industrial Metals & Minerals

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.

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Guanajuato Silver Company Ltd

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Post by ErinBrockovichon Aug 28, 2023 7:29am

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Post# 35607709

Mexican Peso Down, Silver Above 24 Dollars

Mexican peso to usd continues to ease. 16.79 now. It should range between here and 17 for the remainder of the year. It was higher over the last year. Closer to 20. Obviously, this impacted labour costs for GSVR.

Silver is above 24 dollars.

A weakening peso and strong silver prices bring GSVR closer to profitability. It will take a couple of quarters to get there. But well worth the risk, IMHO.

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