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 Nov 27, 2024 1:57pm

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Post# 36334046

Many Believe Silver Will Remain 30+ On Average

For the reminder of 2024. And into 2025.

Silver prices in 2025 are predicted to range from $34.70 to $50 per ounce. Some factors that may drive these prices include:

Industrial demand: Silver is used in both industrial and precious applications.
Supply deficit: A potential shortage of silver could contribute to higher prices.
Economic uncertainty: The US economy may enter a recession later in 2023 due to high inflation and interest rates. When this happens, silver and gold prices may increase as they are a preferred store of value.