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 > AiSC is $20.19 including explorations and transportation…hmm

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Comment by ErinBrockovichon Jun 15, 2024 7:39am

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Post# 36090389

RE:AiSC is $20.19 including explorations and transportation…hmm

Yup. This is a very good number. And will improve 2nd quarter. look at the average realized price for 1st quarter. It will be much higher 2 nd quarter, like closer to 28, 29 dollars

Both all-in sustaining cost ("AISC")1 of $20.19 per AgEq ounce, and cash costs of $16.55 per AgEq ounce were 6% lower than the previous quarter (see footnote to table below for assumptions regarding the calculation of silver equivalents).
Record revenue of $17.8M was 7% higher than the previous quarter; net loss decreased by 3% in Q1 to $7.3M compared to $7.6M in Q4, 2024.
Realized average metal prices for the quarter of $23.37 per silver ounce, and $2,068 per gold ounce sold