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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 06, 2024 8:32am
113 Views
Post# 36074805

Can’t Ignore The Fact PM Competes With Crypto

Can’t Ignore The Fact PM Competes With Crypto

Gold and bitcoin often increase and decline together, but can also go out of sync from time to time. Silver is a bit different as it has industrial and investment demands driving it. In times of trouble or economic turmoil silver outperforms gold in a laggardly fashion. I think calling a top for gold is difficult in this PM run, as some money will divert into the crypto space. One significant advantage gold has is how it is accumulated by governments to back currencies. Crypto hasn't seen wide acceptance in this regard. 

Silver will make extremely large moves up. And down. I circle back, however, to the need to understand its base value. That's an easier task then pretending the highest high. Mania is manic. 

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