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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 Sep 06, 2024 8:13am
80 Views
Post# 36211298

GSVR Debt Is A Priority

GSVR Debt Is A Priority

Will be paid off easily. 

rket that it clearly wasn't happy with their debt position and improving that is high on their priorities.i think that could go a long way to attract investors that have been put off looking at the books.
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@Silversurfer They already talked about this in the News Release of 21.05.2024: „The first loan is a US$5,000,000 silver and gold pre-payment facility (the "Facility") with Swiss-based precious metals trading firm OCIM Metals & Mining S.A. ("OCIM") (see GSilver news release dated March 16, 2023 - "Guanajuato Silver Arranges New US$5,000,000 Facility with OCIM"); the remaining balance of approximately US$3.2M is scheduled to be repaid in full by September, 2024.“
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@Silversurfer Should be done very soon…
 
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@bedrag True. This will save them $500k per month.
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@OroBlanco Paying debt down is much better than Dilution up . Let’s see what happens . I see good intentions but you never know with Juniors . @bedrag

 

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