Guanajuato Silver Company Ltd. has drawn down US$7.5 million from its silver and gold pre-payment facility with Swiss-based precious metals trading firm, OCIM Precious Metals S.A., announced March 24, 2022. The net proceeds from the Pre-Payment Facility will be used to strengthen GSilver's balance sheet for ongoing capital expenditures, development and operation of the Company's El Cubo mine and mill complex located in [...]
Guanajuato Silver Company is pleased to report drill results from its ongoing exploration programs at the Company's wholly owned El Cubo Mine Complex and El Pinguico project. Highlights from Recent Drilling at the Company's Guanajuato properties: Hole VP022-002: 1,956 grams per tonne Ag and 12.90 gpt Au for 2,988 gpt AgEq over 0.55m from the Villalpando vein, at the Capulin area, at El Cubo. Holes SC22-001 and SC22-002 [...]
Guanajuato Silver Company Ltd. announces selected financial information and production results for the Company's fourth quarter, and year ended December 31, 2021. The Company's consolidated financial statements for the year ended December 31, 2021 and Management's Discussion and Analysis thereon can be viewed at www.sedar.com. Production results are from the Company's wholly owned El Cubo Mine Complex and El Pinguico [...]
Expands Relationship with OCIM to Enhance Financial Liquidity Guanajuato Silver Company Ltd. is pleased to announce that it has signed an indicative term sheet with a Swiss based precious metals trading firm: OCIM Precious Metals S.A. , to provide US$7.5m in non-dilutive financing in the form of a silver and gold pre-payment facility to strengthen its balance sheet during the ramp-up phase of the Company's El Cubo mine [...]
Guanajuato Silver Company Ltd. is pleased to announce the appointment of Mr. Ramon Davila to the position of President. Mr. Davila previously joined the Advisory Board of GSilver in February 2021, and subsequently became a full member of the Board of Directors on May 12, 2021. In his new role as President, Mr. Davila will spearhead the Company's plan to transform GSilver into a significant Mexican precious metals [...]
Guanajuato Silver Company Ltd. is pleased to provide drilling results from its ongoing diamond drill program at its 100% owned El Cubo Mine located east of the city of Guanajuato, Mexico. Highlights include: Drill results at El Cubo remain consistent with modeled ramp-up projections. A sub-parallel vein to Villalpando - the Asuncion Vein - has returned notable results. Drilling continues with two rigs operating at El Cubo [...]
Guanajuato Silver Company Ltd. is pleased to provide selected 2021 production and exploration highlights. 2021 Highlights: Approximately 238,000 AgEq ounces produced during November and December 2021;199,500 AgEq ounces sold during the same period. With first concentrate sales in late October, 2021 revenue to December 31, 2021 totaled approximately US$4.1M. A total of 76,000 tonnes mined from different locations at El [...]
Guanajuato Silver Company Ltd. announces that it will begin processing 3rd party silver and gold mineralized material at its El Cubo mill located 11km east of Guanajuato, Mexico. Third-Party Minerals Processing: GSilver announces it has signed a contract to purchase approximately 4,000 tonnes of silver and gold mineralized material from a mining operation located in the Guanajuato area. This material will be processed at [...]
Guanajuato Silver Company Ltd. is pleased to provide drilling results from its ongoing diamond drill programs at its 100% owned El Cubo mine and its 100% owned El Pinguico exploration project, located east and south, respectively, of the city of Guanajuato. Highlights include: 0.6 m of 538 gpt AgEq drilled at El Cubo. 25.85 m of 235 gpt AgEq drilled at El Cubo. 0.55 metres of 228 gpt AgEq drilled at El Pinguico . Over [...]
Guanajuato Silver Company Ltd. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering totalling C$9.52 million announced November 18, 2021, and expanded on November 29, 2021 and again on December 6, 2021. The Company issued 2,402,634 units for gross proceeds of C$1,321,449 in the second tranche for a total Offering of 17,304,306 Units for gross proceeds of [...]
Guanajuato Silver Company Ltd. announces a further increase to its non-brokered private placement. Private Placement: GSilver announces that due to additional increased demand the Company has again expanded the size of its non-brokered private placement financing announced on November 18, 2021 and expanded on November 29, 2021. Subject to acceptance of the TSXV, the Private Placement will now consist of a total of [...]
Guanajuato Silver Company Ltd. is pleased to announce that it has closed the first tranche of its non-brokered private placement offering of up to 16,000,000 units at a price of C$0.55 per Unit first announced on November 18. The Company has issued a total of 14,957,672 Units for gross proceeds of $8,195,920; each Unit consists of one common share of the Company and one half of a common share purchase warrant . Each [...]