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 Sep 05, 2023 3:32pm

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Post# 35620456

From CEO Boards

 			 
 			Value players are taking on a position. 
 			
 			@Magonista Was looking to diversify a little out of oil and gas and add some junior miners - looked through the financials here and it looks like they'll need to raise equity very soon to meet debt obligations, as they are losing around $8.5 million a quarter with just under $3 million in cash as of June 30th? Am I missing something? 
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 			about 3 hours ago

 					 
@littleowlYes @Magonista They raised 8 million in August.
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 			about 3 hours ago

 					 
@Magonista@littleowl - thanks - and the financing terms look pretty damn good considering where the share price is now. 
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 			about 3 hours ago

 					 
@littleowl@Magonista note that Fidelity took the largest position in the financing, which was actually a bought deal by Cantor Fitzegrald, Apparently Fidelity couldn't take more because it would have put them above the 10% threshold. They are now GSVR's largest shareholder.