Guanajuato Silver – Outlook On Gold And Silver, Expanding Production Margins, Debt Repayment, And Growth Initiatives
James Anderson, CEO of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF), joins us to review the move higher in gold to new all-time highs again this week, along with silver breaking back above the $32 level; and what this means for the expanding margins of precious metals producers. We also get a brief operational update on their 4 producing silver-gold mines and 3 processing facilities in central Mexico. The Company saw record revenues in Q2, and while they are on track for another solid Q3, they are looking forward for the new equipment and personnel changes that the company has invested in to really start showing up in the Q4 metrics this year.
The Company produces silver and gold concentrates from the El Cubo Mine Complex, Valenciana Mines Complex, and the San Ignacio mine; all three mines are located within the state of Guanajuato, which has an established 480-year mining history. In addition, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. The operations team is also augmenting material at the Cata processing facility in Guanajuato with ore from both the historic Horcon Mine project, located in the state of Jalisco, and from stockpiles at the Pinguico mine. This effectively means they are seeing production from 6 of their mines, even though only the 4 primary mines have active ongoing underground mining.
We have James discuss the balance between investing in future growth while also making significant strides in paying down outstanding debt. He highlighting the news from September 19th, which announced the complete repayment of its US$7,500,000 silver and gold pre-payment facility to Swiss-based precious metals trading firm, OCIM Metals & Mining S.A. On the growth side of the equation, we reviewed the potential for continued optimization of their existing mines, exploration upside across their property, and the possibility of more acquisitions regionally to further consolidate their assets in Guanajuato.
If you have any follow up questions for James on Guanajuato Silver, then please email me at Shad@kereport.com and we’ll get those addressed by management or in future interviews.
* In full disclosure, Shad has a position in Guanajuato Silver at the time of this recording.
>> To see the article featuring James Anderson, that appeared in Mining Discovery on October 18th, 2023, outlining the fundamental and technical factors setting up for the precious metals sector, then click on the link below.
https://miningdiscovery.com/wp-content/uploads/2024/07/Black-Yellow-Geometric-Modern-Business-Magazine-Cover-4.pdf
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Gold is being manipulated up! LOL! DT 🤣😉😜
I am much more diversified for this advance… this time I am not entirely loaded with SCZ but own GSVR, IPT and a bit more fwiw. I like the producers obviously. I don’t have the charts but the all 3 year monthlys look good.
Another way Guanajuato and other silver miners will increase income will be fair pricing … there is a world-wide shortage that Wall Street doesn’t want fair pricing to be a rational result.