Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
News Focus
Freegold Intersects 3.06 g/t Au over 42 M and 1.36 g/t Au over 115.2 M (click to learn more)
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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.


TSXV:GSVR - Post by User

Guanajuato Silver Company Ltd
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(305)
•••
Post by ErinBrockovichon Sep 19, 2024 10:39am
63 Views
Post# 36230917

Lex Talks About One Of The Loans

Lex Talks About One Of The Loans
@lexcon @kjm " Is that 338 ozs per month to Ocean no matter what the price of gold is?" yes. The loan has a fixed weight of gold repayment that was determined at the time the loan was drawn. They used the then current spot price of gold on that date, less a discount to spot to determine the number of ounces it requires monthly to repay the loan. It works both ways actually---if gold keeps going up sure GSVR is paying the loan with more valuable physical gold, but it protects the company in the other direction as well--if something caused a drastic fall in the spot price of gold then we repay the loan with the same fixed amount of less valuable physical gold (rather than having to increase the delivered amount to offset the drop in price)
1
 
@lexcon " fixed monthly installments of gold totalling approximately 338 troy ounces per month for a period of 30 months which commenced in June 2024. Notably, Guanajuato Silver averaged monthly production of over 1600 ounces of gold and over 137,000 ounces of silver during the first half of 2024." 338/1600 = 21.1% of the avg monthly gold production repays the loan. It has no effect on the monthly silver production.
3
 
@lexcon The other 79% of gold produced and all of the silver production as still available to sell at current market prices.

<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse
Later
Participate
Not interested