Guanajuato Silver Company Ltd (QX) (GSVRF)

Guanajuato Silver Delivers Record Revenue and Record Net Income in Q1, 2026May 27, 2026 7:20 AM
ACCESS NewswireCash and short-term investments totaled US$30.5M at quarter end.VANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce financial information and production results for the three months ended March 31, 2026. The Company's condensed consolidated interim financial statements for the first quarter ended March 31, 2026, and Management's Discussion and Analysis ("MD&A") thereon can be viewed under the Company's profile at www.sedarplus.ca. All dollar amounts are in US dollars (US$) and prepared in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board. Production results are from the Company's five wholly owned precious metals mines, namely the El Cubo Mines Complex ("El Cubo"), Valenciana Mines Complex ("VMC"), the San Ignacio Mine ("San Ignacio"), and the Bolanitos Mine ("Bolanitos") located in Guanajuato, Mexico, and the Topia Mine ("Topia") located in Durango, Mexico.Selected Q1 2026 HighlightsRecord Revenue of $43.1M represents an increase of 89% over the previous quarter, when revenue totalled $22.7M. Over 97% of revenue in Q1 was derived from silver and gold sales, highlighting Guanajuato Silver's position as a true precious metals producer.Record Earnings Before Interest, Taxes, Depreciation and Amortization* ("EBITDA") of positive $13.1M, demonstrating a dramatic reversal from Q4, 2025 EBITDA of negative $21.8M.Record Net Income of $5.7M, demonstrating the impact of improved mine operations in conjunction with rising silver and gold prices.Record Mine Operating Income of $14.3M represents a 252% increase over the previous quarter. In Q4, 2025, the Company generated $4.0M in Mine Operating Income.Gold production of 4,295 ounces represents a 104% increase over the previous quarter. In Q4, 2025 the Company produced 2,110 ounces of gold. The sizable increase in gold production over the quarter was largely due to the addition of production from the gold-rich Bolanitos Mine, which was acquired in January of 2026.Silver production of 339,104 ounces for the quarter represents a 15% increase over the previous quarter. In Q4, 2025, the Company produced 295,836 silver ounces. Silver production generated 58% of total revenue; this outsized leverage to the silver market makes Guanajuato Silver an outlier within the mining industry.Cash, cash equivalents and short-term investments totaled $30.5M at the end of the quarter; notably, the Company achieved this cash figure after paying net $30.0M in cash to close the acquisition of Minera Bolanitos S.A de C.V. on January 15, 2026.James Anderson, CEO & Chairman, said "The first quarter of 2026 will be seen as a watershed moment for Guanajuato Silver; the Company generated record revenue, record mine operating income, and our first quarter of net profit. The quarter also saw the Company complete the acquisition of the Bolanitos Mine, thereby further consolidating our position as the leading producer of silver and gold within the state of Guanajuato. We are rapidly moving to integrate Bolanitos into our production portfolio; realistically, there does remain additional work ahead of us to fully realize this integration, and once completed, we will then be able to materially drive operations costs lower in conjunction with increased silver and gold production."The Company's capital expenditures budget for 2026 is the largest in the Company's history; the Company is anticipating total capital expenditures of approximately $35M for 2026; these funds are expected to be fully derived from operational cash flows. The Company previously announced a 75,000 meter exploration and infill drill program (See GSilver news release dated January 29, 2026); additionally, the Company has committed to 16,000 metres of underground development tunneling within the mines. Further capital expenditure includes $5M earmarked for upgrades to the Topia processing facility; this work has already commenced with the goal of increasing production throughput at what remains the Company's highest grade mine. The result of making these sizable investments in exploration, development and infrastructure is projected to generate higher tonnage throughput, increased precious metals production and lower unit costs for silver-equivalent ounces; the bulk of these increased capital expenditures are expected to be made during the first half of 2026, and this will continue to influence all-in sustaining costs (AISC). The Company believes that taking this longer-term strategy will ultimately lead to both increased mineralized material and increased mineral resources, enhanced sustainability, and higher profitability in the future. Importantly, VMC production costs were further impacted by placing the Cata processing facility on care & maintenance.Production for the quarter totaled 339,104 ounces of silver, 4,295 ounces of gold, 815,100 pounds of lead and 921,516 pounds of zinc.*EBITDA is a non-IFRS financial measure with no standardized meaning under IFRS, and therefore may not be comparable to similar measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures see "Non-IFRS Financial Measures". Silver equivalents ("AgEq") in this news release are calculated using 57.81:1 (Ag/Au), 0.01:1 (Ag/Pb) and 0.02:1 (Ag/Zn) ratios for Q1 2026; an 75.73:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for Q4 2025, an 89.68:1 (Ag/Au), 0.03:1 (Ag/Pb) and 0.04:1 (Ag/Zn) ratio for Q1 2025 respectively. Q1 2026 OPERATING AND FINANCIAL HIGHLIGHTSThe following tables summarize the Company's consolidated operating and financial results for the three months ended March 31, 2026, as compared to the three months ended December 31, 2025. All amounts are expressed in thousands of United States ("US") dollars except per share amounts, realized prices, tonnes and ounces or unless otherwise stated. See Reconciliation of Earnings before interest, taxes, depreciation, and amortization in the "Non-IFRS Financial Measures" section of this news release.See reconciliation of Adjusted EBITDA in the "Non-IFRS Financial Measures" section of this news release.Cash cost per silver equivalent ounce includes mining, processing, and direct overhead. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.AISC per AgEq oz includes mining, processing, direct overhead, corporate general and administration expenses, on-site exploration, reclamation, and sustaining capital. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.Mine operating cash flow before taxes, Cash cost per silver equivalent, AISC per AgEq ounce, EBITDA, Adjusted EBITDA and Working capital are non-IFRS financial measures with no standardized meaning under IFRS, and therefore they may not be comparable to similar measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures in the "Non-IFRS Financial Measures" section of this news release.Based on provisional sales before final price adjustments, before payable metal deductions, treatment, and refining charges.Mine operating cash flow before taxes is calculated by adding back depreciation, depletion, and inventory write-downs to mine operating loss. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.The table below presents a summary of the Company's consolidated cash flow for the three-month periods ended March 31, 2026, and 2025. NON-IFRS FINANCIAL MEASURESThe Company has disclosed certain non-IFRS financial measures and ratios in this news release, as discussed below. These non-IFRS financial measures and non-IFRS ratios are widely reported in the mining industry as benchmarks for performance and are used by Management to monitor and evaluate the Company's operating performance and ability to generate cash. The Company believes that, in addition to financial measures and ratios prepared in accordance with IFRS, certain investors use these non-IFRS financial measures and ratios to evaluate the Company's performance. However, the measures do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other companies. Accordingly, non-IFRS financial measures and non-IFRS ratios should not be considered in isolation or as a substitute for measures and ratios of the Company's performance prepared in accordance with IFRS.Non-IFRS financial measures are defined in National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosure ("NI 52-112") as a financial measure disclosed that (a) depicts the historical or expected future financial performance, financial position or cash flow of an entity, (b) with respect to its composition, excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the entity, (c) is not disclosed in the financial statements of the entity, and (d) is not a ratio, fraction, percentage or similar representation.A non-IFRS ratio is defined by NI 52-112 as a financial measure disclosed that (a) is in the form of a ratio, fraction, percentage, or similar representation, (b) has a non-IFRS financial measure as one or more of its components, and (c) is not disclosed in the financial statements.WORKING CAPITALWorking capital is a non-IFRS measure that is a common measure of liquidity but does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is current assets net of current liabilities. Working capital is calculated by deducting current liabilities from current assets. Working capital should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. The measure is intended to assist readers in evaluating the Company's liquidity. MINE OPERATING CASH FLOW BEFORE TAXESMine operating cash flow before taxes is a non-IFRS measure that does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Mine operating cash flow is calculated as revenue minus production costs, transportation and selling costs and inventory changes. Mine operating cash flow is used by management to assess the performance of the mine operations, excluding corporate and exploration activities, and is provided to investors as a measure of the Company's operating performance. EBITDAEBITDA is a non-IFRS financial measure, which excludes the following from net earnings:Income tax expense;Finance costs;Amortization and depletion.Adjusted EBITDA excludes the following additional items from EBITDA:Share based compensation;Impairments (reversals);Loss (gain) on derivative;Unrealized foreign exchange (gain) loss relating to AROSignificant other finance items.Adjusted EBITDA per share is calculated by dividing Adjusted EBITDA by the basic weighted average number of shares outstanding for the period.Management believes EBITDA is a valuable indicator of the Company's ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby EBITDA is multiplied by a factor or "EBITDA multiple" based on an observed or inferred relationship between EBITDA and market values to determine the approximate total enterprise value of a Company. Management believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company's performance and is an indicator of the performance of the Company's mining operations.EBITDA is intended to provide additional information to investors and analysts. It does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of operating performance prepared in accordance with IFRS. EBITDA excludes the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances and therefore is not necessarily indicative of operating profit or cash flow from operations as determined by IFRS. Other companies may calculate EBITDA and Adjusted EBITDA differently. Cash Cost per AgEq Ounce, All-In Sustaining Cost per AgEq Ounce and Production Cost per TonneCash costs per silver equivalent oz and production costs per tonne are measures developed by precious metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-IFRS measures and ratios is similar to those reported by other mining companies. Cash costs per silver equivalent ounce and total production cost per tonne are non-IFRS performance measures used by the Company to manage and evaluate operating performance at its operating mining unit, in conjunction with the related IFRS amounts. They are widely reported in the silver mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Production costs include mining, milling, and direct overhead at the operation sites. Cash costs include all direct costs plus royalties and special mining duty. Total production costs include all cash costs plus amortization and depletion, changes in amortization and depletion in finished goods inventory and site share-based compensation. Cash costs per silver equivalent ounce is calculated by dividing cash costs and total production costs by the payable silver ounces produced. Production costs per tonne are calculated by dividing production costs by the number of processed tonnes. The following tables provide a detailed reconciliation of these measures to the Company's direct production costs, as reported in its consolidated financial statements.AISC is a non-IFRS performance measure and was calculated based on guidance provided by the World Gold Council ("WGC"). WGC is not a regulatory industry organization and does not have the authority to develop accounting standards for disclosure requirements. Other mining companies may calculate AISC differently as a result of differences in underlying accounting principles and policies applied, as well as differences in definitions of sustaining capital expenditures. AISC is a more comprehensive measure than cash cost per ounce and is useful for investors and management to assess the Company's operating performance by providing greater visibility, comparability and representation of the total costs associated with producing silver from its current operations, in conjunction with related IFRS amounts. AISC helps investors to assess costs against peers in the industry and helps management assess the performance of its mine.AISC includes total production costs (IFRS measure) incurred at the Company's mining operation, which forms the basis of the Company's total cash costs. Additionally, the Company includes sustaining capital expenditures, corporate general and administrative expense, operating lease payments and reclamation cost accretion. The Company believes this measure represents the total sustainable costs of producing silver and gold concentrate from current operations and provides additional information of the Company's operational performance and ability to generate cash flows. As the measure seeks to reflect the full cost of silver and gold concentrate production from current operations, new projects capital at current operation is not included. Certain other cash expenditures, including share-based payments, tax payments, dividends and financing costs are also not included.The following tables provide detailed reconciliations of these measures to cost of sales, as reported in notes to the Company's consolidated financial statements. Silver equivalents are calculated using 57.81:1 (Ag/Au), 0.01:1 (Ag/Pb) and 0.02:1 (Ag/Zn) ratio for Q1 2026; an 89.68:1 (Ag/Au), 0.03:1 (Ag/Pb) and 0.04:1 (Ag/Zn) ratio for Q1 2025 respectively.Cash cost per silver equivalent ounce includes mining, processing, and direct overhead.AISC per oz includes mining, processing, direct overhead, corporate general and administration expenses, on-site exploration, reclamation, and sustaining capital.Production costs include mining, milling, and direct overhead at the operation sites.Consolidated amount for the three months ended March 31, 2026, excludes $11 in relation to silver bullion transportation and selling cost from cost of sales (March 31, 2025 - $17).About Guanajuato SilverGSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mine, Valenciana Mines Complex, the Bolanitos Mine, and the San Ignacio mine; all four mines are located within the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With five operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.Qualified PersonWilliam Gehlen, a Director of Guanajuato Silver, is a Certified Professional Geologist with the American Institute of Professional Geologists (No. 10626), and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.Mr. Gehlen has reviewed and verified technical data disclosed in this news release and detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. The verification of data underlying the disclosed information includes reviewing production reports from each of the Company's mining operations.ON BEHALF OF THE BOARD OF DIRECTORS"James Anderson"
Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
GSilver.comGuanajuato Silver Bullion StorePlease visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to statements regarding GSilver's growth; that GSilver is an outlier within the mining industry; that the Company is a leading producer of silver and gold within the state of Guanajuato; the integration of Bolanitos into the Company's production portfolio; expectations for lower operating costs and increased production; estimates of capital expenditures and their expected results; expectations for increased mineralized material; and GSilver's status as one of the fastest growing silver mining company in Mexico.Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our estimates of the potential quantity, grade and metal content of the mineralized material at El Cubo, Bolanitos, VMC and San Ignacio, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, high inflation and interest rates, tariffs, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual grades and recoveries of silver, gold and other metals from the Company's existing mines including El Cubo, Bolanitos, San Ignacio, VMC and Topia, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at El Cubo, Bolanitos, San Ignacio, VMC or Topia to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from El Cubo, Bolanitos, San Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected grades of gold and silver at El Cubo, Bolanitos, VMC and San Ignacio and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about impact of any future global pandemic, ongoing global conflicts, elevated inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca including the Company's most recently filed annual information form. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.SOURCE: Guanajuato Silver Company Ltd.View the original press release on ACCESS NewswireOriginal: Guanajuato Silver Delivers Record Revenue and Record Net Income in Q1, 2026

Guanajuato Silver Accelerates Gold Loan RepaymentMay 14, 2026 7:20 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / May 14, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce the accelerated partial repayment of the Company's gold loan with Ocean Partners UK Ltd. The Company announces that it has repaid 1,580.4 ounces of gold, which represents one full year of payments. This repayment was made from cash on hand, and the Company's obligations under the gold loan are now fully paid until May 2027. For clarity, the gold loan's maturity date is April 2028 (See GSilver news release dated April 28, 2025).James Anderson, Chairman and CEO, said, "We are pleased to have advantageously capitalized on both the recent decline in the gold price, and on an early repayment discount to significantly reduce the amount outstanding on our sole remaining debt facility. With our portfolio of five producing precious metals mines demonstrating rapidly improving economics within the new silver and gold pricing environment, the Company has ample liquidity to take advantage of the recent down-swing in gold prices to reduce our debt obligation."Since the inception of the gold loan, the Company has repaid to Ocean Partners 3,292.5 gold ounces, representing 46% of the original balance. There remains a total of 3,814.5 ounces of gold to be repaid under the facility; repayment will first be done in monthly installments of 131.7 gold ounces, recommencing in May 2027 for a period of 11 months, with monthly installments totalling 1,448.7 ounces; then at maturity in March 2028, a final bullet payment of 2,365.8 ounces would be owing. The Company intends to use any future weakness in the gold price to continue to aggressively reduce the amount of gold owing within the loan facility.Brent Omland, CEO of Ocean Partners, added, "We have had a successful and mutually beneficial relationship with Guanajuato Silver for over five years; Moreover, we enthusiastically look forward to supporting their continued growth in the future."ON BEHALF OF THE BOARD OF DIRECTORS"James Anderson"
Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
GSilver.comGuanajuato Silver Bullion StorePlease visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to statements regarding GSilver's growth; rapidly improving economics at the Company's mines; that the Company has ample liquidity to take advantage of the current gold price to reduce its debt obligation; timing and intentions related to future repayment of the gold loan; and GSilver's status as one of the fastest growing silver mining companies in Mexico.Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our estimates of the potential quantity, grade and metal content of the mineralized material at El Cubo, Bolanitos, VMC and San Ignacio, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, high inflation and interest rates, tariffs, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual grades and recoveries of silver, gold and other metals from the Company's existing mines including El Cubo, Bolanitos, San Ignacio, VMC and Topia, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recovery rates, improve grades and reduce costs at El Cubo, Bolanitos, San Ignacio, VMC or Topia to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from El Cubo, Bolanitos, San Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected grades of gold and silver at El Cubo, Bolanitos, VMC and San Ignacio and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about the impact of any future global pandemic, ongoing global conflicts, elevated inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca including the Company's most recently filed annual information form. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.SOURCE: Guanajuato Silver Company Ltd.View the original press release on ACCESS NewswireOriginal: Guanajuato Silver Accelerates Gold Loan Repayment

Guanajuato Silver Announces Year-End and Q4 2025 ResultsApril 29, 2026 7:20 AM
ACCESS NewswireCash and cash equivalents totaled $41.5M at the end of the quarter.VANCOUVER, BC / ACCESS Newswire / April 29, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce financial information and production results for the three and twelve months ended December 31, 2025. The Company's consolidated financial statements for the year ended December 31, 2025, and Management's Discussion and Analysis ("MD&A") thereon can be viewed under the Company's profile at www.sedarplus.ca. All dollar amounts are in US dollars (US$) and prepared in accordance with IFRS Accounting Standards ("IFRS") as issued by the International Accounting Standards Board. Production results are from the Company's wholly owned El Cubo Mines Complex ("El Cubo"), Valenciana Mines Complex ("VMC"), and the San Ignacio Mine ("San Ignacio") located in Guanajuato, Mexico, and the Topia Mine ("Topia") located in Durango, Mexico.Selected Q4 2025 HighlightsMine Operating Income of $4.0M represented a 375% increase over Q3; Working Capital* of $14.2M vs $5.4M, represented a 163% increase over the previous quarter.Revenue increased by 40% to $22.7M in Q4 from $16.3M in Q3, 2025.Production during Q4 was 295,836 ounces of silver (an increase of 21% over the previous quarter), 2,110 ounces of gold (an increase of 4% over the previous quarter), 807,449 pounds of lead (an increase of 35% over the previous quarter), and 875,798 pounds of zinc (an increase of 18% over the previous quarter).Grades of Silver and Gold were 37% and 15% higher respectively, showing a continued trajectory toward higher quality ounces.Silver represented 64% of total revenue; with 94% of revenue in Q4 derived from silver and gold sales, Guanajuato Silver remains a genuine precious metals producer with outsized leverage to the silver price.Realized prices were $55.54 for silver and $4,161.94 for gold in Q4.Cash and cash equivalents totaled $41.5M at the end of the quarter, of which $2M was categorized as restricted cash.James Anderson, CEO & Chairman, said, "The fourth quarter saw notable production increases across all metals produced; output for silver, gold, zinc and lead were all higher, reflecting the impact of improving mine development and better operational discipline. For Q4 2025, revenue was up by 40%, and mine operating cashflow before taxes* was up over 1800% vs the previous quarter; this highlights the advantageous position we have built as a producer of silver and gold during a rising market for precious metals. We are currently working to fully integrate our newly acquired Bolanitos gold-silver mine into our operations; having closed the Bolanitos acquisition on January 15th, 2026, we eagerly look forward to the public release of our Q1 financial results, projected within the next 30 days; this will be the first time investors will be able to see the impact of production from Bolanitos combined with this new silver and gold pricing environment."*Working capital and mine operating cashflow before taxes are non-IFRS financial measures with no standardized meaning under IFRS, and therefore they may not be comparable to similar measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures see "Non-IFRS Financial Measures". The following tables summarize the Company's consolidated operating and financial results for the three months ended December 31, 2025, as compared to the three months ended September 30, 2025. All amounts are expressed in thousands of United States ("US") dollars except per share amounts, realized prices, tonnes and ounces or unless otherwise stated. The financial results for the three months ended December 31, 2025 included a net loss of $25.6M, of which accounting accruals of non-cash items totalled $25.0M, or over 98% of the net loss for the quarter; the largest of these non-cash items are as follows:$10.3 million accrued liability provision for legal costs and losses related to the potential unfavorable outcome in the lawsuit with NucTech Mexico, S.A. de C.V. announced on July 22, 2025 and updated on December 4, 2025; this lawsuit remains under appeal and will continue to be vigorously defended by the Company.A non-cash $6.8M derivative accounting loss generated by the gold-loan with Ocean Partners. This non-cash loss accounted for over 25% of the total net loss; the loan structure continues to act as a synthetic hedge to the Company's gold production.$2.8M for other legal accruals.A $1.2M write-down of the Cata mill, which was put on care & maintenance in December 2025.A $2.4M write-off for legacy Value Added Tax that was determined to be non-recoverable. See Reconciliation of Earnings before interest, taxes, depreciation, and amortization in the "Non-IFRS Financial Measures" section of this news release.See reconciliation of Adjusted EBITDA in the "Non-IFRS Financial Measures" section of this news release.Cash cost per silver equivalent ounce includes mining, processing, and direct overhead. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.AISC per AgEq oz includes mining, processing, direct overhead, corporate general and administration expenses, on-site exploration, reclamation, and sustaining capital. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.Mine Operating Cashflow Before Taxes, Cash cost per silver equivalent, AISC per AgEq ounce, EBITDA, Adjusted EBITDA and Working capital are non-IFRS financial measures with no standardized meaning under IFRS, and therefore they may not be comparable to similar measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures see "Non-IFRS Financial Measures".Based on provisional sales before final price adjustments, before payable metal deductions, treatment, and refining charges.Mine operating cash flow before taxes is calculated by adding back depreciation, depletion, and inventory write-downs to mine operating loss. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.Silver equivalents (AgEq) are calculated using 75.73:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for Q4 2025; an 87.70:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for Q3 2025, respectively.The following tables summarize the Company's consolidated operating and financial results for the year ended December 31, 2025 as compared to the year ended December 31, 2024. All amounts are expressed in thousands of United States ("US") dollars except per share amounts, realized prices, tonnes and ounces or unless otherwise stated. The financial results were as follows for the year ended December 31, 2025, and December 31, 2024. See Reconciliation of Earnings before interest, taxes, depreciation, and amortization in the "Non-IFRS Financial Measures" section of this news release.See reconciliation of Adjusted EBITDA in the "Non-IFRS Financial Measures" section of this news release.Cash cost per silver equivalent ounce includes mining, processing, and direct overhead. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.AISC per AgEq oz includes mining, processing, direct overhead, corporate general and administration expenses, on-site exploration, reclamation, and sustaining capital. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.Mine Operating Cashflow Before Taxes, Cash cost per silver equivalent, AISC per AgEq ounce, EBITDA, Adjusted EBITDA and Working capital are non-IFRS financial measures with no standardized meaning under IFRS, and therefore they may not be comparable to similar measures presented by other issuers. For further information and detailed reconciliations of non-IFRS financial measures to the most directly comparable IFRS measures see "Non-IFRS Financial Measures".Based on provisional sales before final price adjustments, before payable metal deductions, treatment, and refining charges.Mine operating cash flow before taxes is calculated by adding back depreciation, depletion, and inventory write-downs to mine operating loss. See Reconciliation to IFRS in the "Non-IFRS Financial Measures" section of this news release.Silver equivalents (AgEq) are calculated using 85.93:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for YTD 2025 and an 84.48:1 (Ag/Au), 0.03:1 (Ag/Pb) and 0.05:1 (Ag/Zn) ratio for YTD 2024, respectively.The table below presents a summary of the Company's consolidated cash flow for the three-month and twelve-month periods ended December 31, 2025, and 2024. NON-IFRS FINANCIAL MEASURESThe Company has disclosed certain non-IFRS financial measures and ratios in this MD&A, as discussed below. These non-IFRS financial measures and non-IFRS ratios are widely reported in the mining industry as benchmarks for performance and are used by Management to monitor and evaluate the Company's operating performance and ability to generate cash. The Company believes that, in addition to financial measures and ratios prepared in accordance with IFRS, certain investors use these non-IFRS financial measures and ratios to evaluate the Company's performance. However, the measures do not have a standardized meaning under IFRS and may not be comparable to similar financial measures disclosed by other companies. Accordingly, non-IFRS financial measures and non-IFRS ratios should not be considered in isolation or as a substitute for measures and ratios of the Company's performance prepared in accordance with IFRS.Non-IFRS financial measures are defined in National Instrument 52-112 - Non-GAAP and Other Financial Measures Disclosure ("NI 52-112") as a financial measure disclosed that (a) depicts the historical or expected future financial performance, financial position or cash flow of an entity, (b) with respect to its composition, excludes an amount that is included in, or includes an amount that is excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the entity, (c) is not disclosed in the financial statements of the entity, and (d) is not a ratio, fraction, percentage or similar representation.A non-IFRS ratio is defined by NI 52-112 as a financial measure disclosed that (a) is in the form of a ratio, fraction, percentage, or similar representation, (b) has a non-IFRS financial measure as one or more of its components, and (c) is not disclosed in the financial statements.WORKING CAPITALWorking capital is a non-IFRS measure that is a common measure of liquidity but does not have any standardized meaning. The most directly comparable measure prepared in accordance with IFRS is current assets net of current liabilities. Working capital is calculated by deducting current liabilities from current assets. Working capital should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. The measure is intended to assist readers in evaluating the Company's liquidity. MINE OPERATING CASH FLOW BEFORE TAXESMine operating cash flow before taxes is a non-IFRS measure that does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Mine operating cash flow is calculated as revenue minus production costs, transportation and selling costs and inventory changes. Mine operating cash flow is used by management to assess the performance of the mine operations, excluding corporate and exploration activities, and is provided to investors as a measure of the Company's operating performance. EBITDAEBITDA is a non-IFRS financial measure, which excludes the following from net earnings:Income tax expense;Finance costs;Amortization and depletion.Adjusted EBITDA excludes the following additional items from EBITDA:Share based compensation;Impairments (reversals);Loss (gain) on derivative;Unrealized foreign exchange (gain) loss relating to AROSignificant other finance items.Adjusted EBITDA per share is calculated by dividing Adjusted EBITDA by the basic weighted average number of shares outstanding for the period.Management believes EBITDA is a valuable indicator of the Company's ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby EBITDA is multiplied by a factor or "EBITDA multiple" based on an observed or inferred relationship between EBITDA and market values to determine the approximate total enterprise value of a Company. Management believes that Adjusted EBITDA provides useful information to investors and others in understanding and evaluating our operating results because it is consistent with the indicators management uses internally to measure the Company's performance and is an indicator of the performance of the Company's mining operations.EBITDA is intended to provide additional information to investors and analysts. It does not have any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of operating performance prepared in accordance with IFRS. EBITDA excludes the impact of cash costs of financing activities and taxes, and the effects of changes in operating working capital balances and therefore is not necessarily indicative of operating profit or cash flow from operations as determined by IFRS. Other companies may calculate EBITDA and Adjusted EBITDA differently. Cash Cost per AgEq Ounce, All-In Sustaining Cost per AgEq Ounce and Production Cost per TonneCash costs per silver equivalent oz and production costs per tonne are measures developed by precious metals companies in an effort to provide a comparable standard; however, there can be no assurance that the Company's reporting of these non-IFRS measures and ratios are similar to those reported by other mining companies. Cash costs per silver equivalent ounce and total production cost per tonne are non-IFRS performance measures used by the Company to manage and evaluate operating performance at its operating mining unit, in conjunction with the related IFRS amounts. They are widely reported in the silver mining industry as a benchmark for performance, but do not have a standardized meaning and are disclosed in addition to IFRS measures. Production costs include mining, milling, and direct overhead at the operation sites. Cash costs include all direct costs plus royalties and special mining duty. Total production costs include all cash costs plus amortization and depletion, changes in amortization and depletion in finished goods inventory and site share-based compensation. Cash costs per silver equivalent ounce is calculated by dividing cash costs and total production costs by the payable silver ounces produced. Production costs per tonne are calculated by dividing production costs by the number of processed tonnes. The following tables provide a detailed reconciliation of these measures to the Company's direct production costs, as reported in its consolidated financial statements.AISC is a non-IFRS performance measure and was calculated based on guidance provided by the World Gold Council ("WGC"). WGC is not a regulatory industry organization and does not have the authority to develop accounting standards for disclosure requirements. Other mining companies may calculate AISC differently as a result of differences in underlying accounting principles and policies applied, as well as differences in definitions of sustaining capital expenditures. AISC is a more comprehensive measure than cash cost per ounce and is useful for investors and management to assess the Company's operating performance by providing greater visibility, comparability and representation of the total costs associated with producing silver from its current operations, in conjunction with related IFRS amounts. AISC helps investors to assess costs against peers in the industry and helps management assess the performance of its mine.AISC includes total production costs (IFRS measure) incurred at the Company's mining operation, which forms the basis of the Company's total cash costs. Additionally, the Company includes sustaining capital expenditures, corporate general and administrative expense, operating lease payments and reclamation cost accretion. The Company believes this measure represents the total sustainable costs of producing silver and gold concentrate from current operations and provides additional information of the Company's operational performance and ability to generate cash flows. As the measure seeks to reflect the full cost of silver and gold concentrate production from current operations, new projects capital at current operation is not included. Certain other cash expenditures, including share-based payments, tax payments, dividends and financing costs are also not included.The following tables provide detailed reconciliations of these measures to cost of sales, as reported in notes to the Company's consolidated financial statements. Silver equivalents (AgEq) are calculated using 75.73:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for Q4 2025 and an 87.70:1 (Ag/Au), 0.02:1 (Ag/Pb) and 0.03:1 (Ag/Zn) ratio for Q3 2025, respectively.Cash cost per silver equivalent ounce includes mining, processing, and direct overhead.AISC per oz includes mining, processing, direct overhead, corporate general and administration expenses, on-site exploration, reclamation, and sustaining capital.Production costs include mining, milling, and direct overhead at the operation sites.About Guanajuato SilverGSilver is a precious metals producer engaged in reactivating past producing silver and gold mines in central Mexico. The Company produces silver and gold concentrates from the El Cubo Mine, 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. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango. With four operating mines and three processing facilities, Guanajuato Silver is one of the fastest growing silver producers in Mexico.Qualified PersonWilliam Gehlen, a Director of Guanajuato Silver, is a Certified Professional Geologist with the American Institute of Professional Geologists (No. 10626), and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.Mr. Gehlen has reviewed and verified technical data disclosed in this news release and detected no significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the data referred to herein. The verification of data underlying the disclosed information includes reviewing production reports from each of the Company's mining operations.ON BEHALF OF THE BOARD OF DIRECTORS"James Anderson"
Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
GSilver.comGuanajuato Silver Bullion StorePlease visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to statements regarding GSilver's growth, that GSilver is poised to generate prolonged success at all its producing Mexican mining assets; expectations for the rising market for precious metals; the integration of the Bolanitos gold-silver mine into the Company's operations; expectations for, and timing of release of, Q1 financial results; the impact of production from Bolanitos within the new silver and gold pricing environment; expectations regarding the NucTech lawsuit; and GSilver's status as one of the fastest growing silver mining companies in Mexico.Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: our estimates of the potential quantity, grade and metal content of the mineralized material at El Cubo, Bolanitos, VMC and San Ignacio, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, availability of financing, currency rate fluctuations, high inflation and interest rates, tariffs, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual grades and recoveries of silver, gold and other metals from the Company's existing mines including El Cubo, Bolanitos, San Ignacio, VMC and Topia, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recovery rates, improve grades and reduce costs at El Cubo, Bolanitos, San Ignacio, VMC or Topia to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from El Cubo, Bolanitos, San Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected grades of gold and silver at El Cubo, Bolanitos, VMC and San Ignacio and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about the impact of any future global pandemic, ongoing global conflicts, elevated inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca including the Company's most recently filed annual information form. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.SOURCE: Guanajuato Silver Company Ltd.View the original press release on ACCESS NewswireOriginal: Guanajuato Silver Announces Year-End and Q4 2025 Results

Guanajuato Silver Adds Veteran Mine Operator to Board of DirectorsMarch 23, 2026 7:20 AM
ACCESS NewswireGSilver Files New Valenciana 43-101 Technical ReportVANCOUVER, BC / ACCESS Newswire / March 23, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF), a growing silver-focused precious metals producer, is pleased to announce the appointment of Mr. David Paxton to its Board of Directors; the appointment is effective immediately.David Paxton brings to Guanajuato Silver the rare combination of extensive underground mine management experience and corporate mine finance expertise. He began his career in 1982 in South Africa as an underground production engineer, which established his technical grounding in mine planning, cost control and production optimization; he holds a South African Mine Managers Certificate. In 2005, Mr. Paxton was hired by Yorkton Securities Ltd. in the United Kingdom; he then worked for numerous brokerage firms, including Hichens Harrison & Company, as a mining analyst and investment banker. From 2008 to 2014, he served as the Chief Executive Officer of Vatukoula Gold Mines, PLC, a UK-listed public gold production company that operated the Vatukoula underground gold mine in Fiji. During his tenure, Mr. Paxton operated as Mine Manager, directing the daily operations at the mine for over 1,400 staff and contractors. Mr. Paxton has since held leadership roles at notable resource development companies; from 2014-2017 he was the CEO of Sumin Resources, a private gold exploration company active in Suriname; from 2020-2024 he was the Chairman of Andiamo Resources, a mining exploration company active in Eritrea; and from 2017-2026, Mr. Paxton was the CEO of Kalahari Copper, a private company exploring for copper in Botswana and Namibia. David is currently the CEO of KapaGold, a TSX-Venture Exchange listed exploration company. With over 40 years' experience as a mining executive, David Paxton has become an established global leader in the mining industry.James Anderson, Chairman and CEO, added, "In step with our growing portfolio of producing silver and gold mines, we are also strengthening our Board of Directors; with the addition of David Paxton, we are adding both extensive experience in public company corporate governance and invaluable underground mining knowledge. David's experience at Vatukoula - a narrow-vein, high-grade, precious metals underground mine - will prove invaluable as we move to fully optimize all our Mexican mining projects. His long track-record of success and technical excellence bodes well for Guanajuato Silver's future as we look to further grow our company into a leading mid-tier precious metals producer."Technical Report FilingThe Company also announces the filing of a National Instrument 43-101 Technical Report (the "Report") for a new mineral resource estimate (the "2025 MRE") for Guanajuato Silver's 100% owned Valenciana Mines Complex located in Guanajuato, Mexico. The Report and 2025 MRE were prepared by APEX Geoscience Ltd., with an effective date of December 27, 2025, and supports the disclosure made by the Company in its news release dated February 5, 2026 - "Guanajuato Silver Sees Significant Growth in Resources at Valenciana". The Report has been filed under the Company's SEDAR+ profile and can be viewed at sedarplus.ca.Stock Option GrantThe Company further announces that, pursuant to its Stock Option Plan, it has granted stock options to directors, officers, employees and consultants to purchase an aggregate of 11,300,000 common shares at an exercise price of $0.50 per share, expiring on March 23, 2031.ATM ProceedsGuanajuato Silver also confirms that during the first quarter of 2026, the Company has used its At-The-Market ("ATM") equity program to sell 2,409,200 shares at an average price of $0.83874 for aggregate gross proceeds of $2,057,134. Total commissions paid to the ATM agent during the quarter were $51,428. The Company further confirms that it does not intend to sell any further shares pursuant to the ATM during the current quarter.About Guanajuato SilverGSilver is a precious metals producer with a portfolio of producing silver and gold mines in central Mexico. The Company has a core operational footprint of four operating silver-gold assets in the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango.ON BEHALF OF THE BOARD OF DIRECTORS"James Anderson"
Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Corporate Affairs Director, T: 604 723 1433
E: jjj@GSilver.com
GSilver.comGuanajuato Silver Bullion StorePlease visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, GSilver's growth, statements and information regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts; including statements regarding Mr. Paxton's expected contributions; plans to fully optimize all the Company's Mexican mining projects; growing the Company into a leading mid-tier precious metals producer ; and GSilver's status as one of the fasting growing silver mining Company in Mexico.Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: that the potential quantity, grade and metal content of the mineralized material at Bolanitos, El Cubo, VMC and San Ignacio, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, the ability of the Company to accomplish its plans and objectives with respect to Bolanitos within the expected timing or at all; availability of financing, currency rate fluctuations, high inflation and interest rates, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual grades and recoveries of silver, gold and other metals from the Company's existing mines including Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and Topia, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and/or Topia to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected grades of gold and silver at Bolanitos, El Cubo, VMC and San Ignacio and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about impact of any future global pandemic, ongoing global conflicts, elevated inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca including the Company's most recently filed annual information form. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.SOURCE: Guanajuato Silver Company Ltd.View the original press release on ACCESS NewswireOriginal: Guanajuato Silver Adds Veteran Mine Operator to Board of Directors

'the Company has entered into a service agreement with Epstein Research', I think they should of changed their name, lol

Guanajuato Silver Named to TSXV List of Top Performing CompaniesFebruary 18, 2026 7:45 AM
ACCESS NewswireVANCOUVER, BC / ACCESS Newswire / February 18, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF), a growing silver-focused precious metals producer, is pleased to announce that the Company has been included in the 2025 TSX Venture 50TM list of top performing companies; Guanajuato Silver ranked 10th out of the 50 companies.James Anderson, Chairman & CEO, said, "Earning a spot in the TSX Venture 50 list is the result of a combination of better operating discipline at our Mexican mining operations, significant silver price appreciation, and enhanced market recognition for our Company. In 2025, we remained the leading volume trader on the TSX-Venture. Also, we have continued this success into 2026 with the recent purchase of the Bolanitos gold and silver mine, further expanding our presence in the famous Guanajuato silver mining district. As one of the very few primary silver producers on the TSX Venture, Guanajuato Silver is poised for even greater growth as we continue to build value for our shareholders."TSX Venture 50TM is an annual ranking of the top performing companies over the last year on the TSX Venture Exchange. The companies are ranked based on three equally weighted criteria of one-year share price appreciation, market capitalization increase, and Canadian consolidated trading value.Additionally, the Company has entered into a service agreement with Epstein Research, subject to the approval of the TSX Venture Exchange. Epstein Research operates from New York, New York, and provides investor relations services, including social media and online advertising of the Company posted on Epstein Research homepage, CEO.ca, Substack, and LinkedIn; monthly written articles on the Company and/or CEO interviews written exclusively by Peter Epstein. The Epstein Research engagement is for a six-month term. The Company will pay an amount of US$2,000 monthly for the term of the engagement from its cash on hand. There are no common shares or options to be received as compensation in the service agreement, and Epstein Research is an unrelated and unaffiliated entity in respect of the Corporation. Epstein Research holds certain common shares of the Company that have been acquired through market purchases.About Guanajuato SilverGSilver is a precious metals producer with a portfolio of producing silver and gold mines in central Mexico. The Company has a core operational footprint of four operating silver-gold assets in the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango.ON BEHALF OF THE BOARD OF DIRECTORS"James Anderson"
Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
GSilver.comGuanajuato Silver Bullion StorePlease visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, GSilver's growth, statements and information regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts; that GSilver is poised for even greater growth as we continue to build value for our shareholders; and GSilver's status as one of the fasting growing silver mining Company in Mexico.Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: that the potential quantity, grade and metal content of the mineralized material at Bolanitos, El Cubo and San Ignacio, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, the ability of the Company to accomplish its plans and objectives with respect to Bolanitos within the expected timing or at all; availability of financing, currency rate fluctuations, high inflation and interest rates, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual grades and recoveries of silver, gold and other metals from the Company's existing mines including Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and Topia, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and/or Topia to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected grades of gold and silver at Bolanitos, El Cubo and San Ignacio and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about impact of any future global pandemic, ongoing global conflicts, elevated inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca including the Company's most recently filed annual information form. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.SOURCE: Guanajuato Silver Company Ltd.View the original press release on ACCESS NewswireOriginal: Guanajuato Silver Named to TSXV List of Top Performing Companies

Guanajuato Silver Co Ltd. (OTCQX: GSVRF | TSXV: GSVR): Virtual Investor Conferences



Weekly Chart
https://schrts.co/BUwuZTkx

February 2026 Corporate Presentation
https://www.gsilver.com/images/pdf/corporate_presentation/2026/GSilver_Presentation_February_11_compressed.pdf

Guanajuato Silver Plans Record Amount of Drilling for 2026January 29, 2026 7:20 AM
ACCESS NewswireThis news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 28, 2024 to its short form base shelf prospectus dated August 21, 2024.VANCOUVER, BC / ACCESS Newswire / January 29, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexico-focused precious metals producer, is pleased to announce the Company's consolidated 2026 drilling guidance from the Company's five wholly owned producing underground mines in Mexico, namely the Bolanitos mine ("Bolanitos"), the El Cubo Mines Complex ("El Cubo"), the Valenciana Mines Complex ("VMC"), and the San Ignacio Mine ("San Ignacio") located in Guanajuato, Mexico, and the Topia Mine ("Topia") located in Durango, Mexico. The Company is also providing 2025 production results.James Anderson, Chairman & CEO, said, "In 2026 we will be significantly expanding our drilling budgets to ensure Guanajuato Silver is best positioned to expand its mineral resources at all of its assets in Mexico. Sufficiently capitalized, we can now, for the first time in the Company's history, make the considerable investments required to grow our resources, establish our first reserve estimates, and generate long-term production growth. As one of only a handful of true junior precious metals producers, Guanajuato Silver offers investors outsized leverage to the silver price. We enter the new year with optimism and with a solid roadmap for success."2026 Drilling HighlightsTotal planned drilling for 2026 of approximately 75,000 meters, representing 731% and 1,660% increases over 2025 and 2024, respectively. Total meters are comprised of both infill and exploration drilling.Exploration drilling plans for 2026 total approximately 45,000 meters, representing 2,021% and 6,428% increases over 2025 and 2024, respectively.Infill drilling plans for 2026 total approximately 30,000 meters, representing 374% and 785% increases over 2025 and 2024, respectively.2026 DrillingGSilver's 2026 drilling program represents a significant step-up from previous drill programs, and a commitment to invest in defining, growing, and discovering additional resources within the Company's growing portfolio of Mexican precious metals mines. The objectives of the 2026 drill programs are to:establish initial mining reserves at each of our mines except Bolanitos, which already has a reserve base established by Endeavour Silver prior to GSilver's acquisition;de-risk the 2026 and 2027 mine plans with adequate infill drilling such that grades, tonnages, and development objectives are met; andestablish a current mineral resource or expand the existing mineral resource base at each of our mines as well as at the Horcon exploration asset 80km northwest of Guanajuato in the state of Jalisco.Total drilling of over 75,000 meters is planned for 2026; this includes both infill and exploration drilling. Infill drilling will provide enhanced definition to mineralized material ahead of mining to ensure continuity and economic viability. Exploration drilling is designed to expand known mineralization through incremental step outs or by testing entirely new zones and structures. Exploration drilling plans for 2026 total approximately 45,000 meters, representing 2,021% and 6,428% increases over 2025 and 2024, respectively. Infill drilling plans for 2026 total approximately 30,000 meters, representing 374% and 785% increases over 2025 and 2024, respectively. The GSilver team has been preparing for the 2026 drilling program for several months and is well advanced on all fronts, including the permitting of surface drilling campaigns at Bolanitos, Cubo, and Horcon. The Company expects to receive all necessary drilling permits before the end of Q2 2026; none of the Company's planned underground drilling activities require additional permits.2025 ProductionIn 2025, the Bolanitos mine produced 608,388 ounces of silver and 15,270 ounces of gold1; while consolidated 2025 production from the Company's four other mines, namely Topia, El Cubo, VMC and San Ignacio, totaled 1,238,866 silver ounces, 10,321 gold ounces, 2,787,175 pounds of lead and 3,380,069 pounds of zinc.1Source: See Endeavour Silver news release dated January 8, 2026 - "Endeavour Silver Produces 6,486,661 Oz Silver and 37,164 Oz Gold, for a total of 11.2 Million Silver Equivalent Oz in 2025"Qualified PersonWilliam Gehlen, a Director of Guanajuato Silver, is a Certified Professional Geologist with the American Institute of Professional Geologists (No. 10626), and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.Mr. Gehlen has reviewed, approved and verified the technical data disclosed in this news release (including a review of the Bolanitos Technical Report on behalf of the Company) and has not detected any significant QA/QC issues during review of the data and is not aware of any sampling, recovery or other factors that could materially affect the accuracy or reliability of the drilling data referred to herein. The verification of data underlying the disclosed information includes reviewing production reports, compiled assay data; QA-QC performance of blank samples, duplicates and certified reference materials; and grade calculation formulas.About Guanajuato SilverGSilver is a precious metals producer with a portfolio of producing silver and gold mines in central Mexico. The Company has a core operational footprint of four operating silver-gold assets in the state of Guanajuato, which has an established 480-year mining history. Additionally, the Company produces silver, gold, lead, and zinc concentrates from the Topia mine in northwestern Durango.ON BEHALF OF THE BOARD OF DIRECTORS"James Anderson"
Chairman and CEOFor further information regarding Guanajuato Silver Company Ltd., please contact:JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
GSilver.comGuanajuato Silver Bullion Store
Please visit our Bullion Store, where Guanajuato Silver coins and bars can be purchased.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking StatementsThis news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to, GSilver's growth, statements and information related to the Company's drilling guidance including timeline, location and expected meterage; the goals of the drill program; derisking the 2026 and 2027 mine plan; expansion of mineralization; timelien for receipt of permits; establishment or expansion of mineral resources or reserves; generating long term production growth; offering investors outsized leverage to the silver price; that there is a sold road map for success; other statements regarding future plans, expectations, guidance, projections, objectives, estimates and forecasts; future focus areas for exploration, development and production, expansion; and GSilver's status as one of the fasting growing silver mining Company in Mexico.Such forward-looking statements and information reflect management's current beliefs and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: that the Company to accomplish its plans and objectives with respect to Bolanitos within the expected timing or at all; the ability of the Company to file an updated technical report for Bolanitos; the potential quantity, grade and metal content of the mineralized material at Bolanitos, El Cubo and San Ignacio, the geotechnical and metallurgical characteristics of such material conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital, decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.Readers are cautioned that such forward-looking statements and information are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results, level of activity, production levels, performance or achievements of GSilver to differ materially from those expected including, but not limited to, market conditions, risks related to the ability of the Company to accomplish its plans and objectives with respect to Bolanitos within the expected timing or at all; the ability of the Company to file an updated technical report for Bolanitos; availability of financing, currency rate fluctuations, high inflation and interest rates, geopolitical conflicts including wars, actual results of exploration, development and production activities, actual grades and recoveries of silver, gold and other metals from the Company's existing mines including Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and Topia, availability of third party mineralized material for processing, unanticipated geological or structural formations and characteristics, environmental risks, future prices of gold, silver and other metals, operating risks, accidents, labor issues, equipment or personnel delays, delays in obtaining governmental or regulatory approvals and permits, inadequate insurance, and other risks in the mining industry. There are no assurances that GSilver will be able to continue to increase production, tonnage milled and recoveries rates, improve grades and reduce costs at Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and/or Topia to process mineralized materials to produce silver, gold and other concentrates in the amounts, grades, recoveries, costs and timetable anticipated. In addition, GSilver's decision to process mineralized material from Bolanitos, El Cubo, Pinguico, San Ignacio, VMC and Topia is not based on a feasibility study of mineral reserves demonstrating economic and technical viability and therefore is subject to increased uncertainty and risk of failure, both economically and technically. Mineral resources and mineralized material that are not Mineral Reserves do not have demonstrated economic viability, are considered too speculative geologically to have the economic considerations applied to them, and may be materially affected by environmental, permitting, legal, title, socio-political, marketing, and other relevant issues. There are no assurances that the Company's projected grades of gold and silver at Bolanitos, El Cubo and San Ignacio and the anticipated level of production therefrom will be realized. In addition, there are no assurances that the Company will meet its production forecasts or generate the anticipated cash flows from operations to satisfy its scheduled debt payments or other liabilities when due or meet financial covenants to which the Company is subject or to fund its exploration programs and corporate initiatives as planned. There is also uncertainty about impact of any future global pandemic, ongoing global conflicts, elevated inflation and interest rates and the impact they will have on the Company's operations, supply chains, ability to access mining projects or procure equipment, contractors and other personnel on a timely basis or at all and economic activity in general. Accordingly, readers should not place undue reliance on forward-looking statements or information. All forward-looking statements and information made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR+ at www.sedarplus.ca including the Company's most recently filed annual information form. These forward-looking statements and information are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by law.SOURCE: Guanajuato Silver Company Ltd.View the original press release on ACCESS NewswireOriginal: Guanajuato Silver Plans Record Amount of Drilling for 2026

Virtual Investor Conferences presentation from the December 2nd, 3rd & 4th: Precious Metals & Critical Minerals Virtual Investor Conference.



Weekly Chart

Guanajuato Silver - Acquisition Of The Bolanitos Gold-Silver Mine, Q3 Operations, Silver Technicals



Weekly Chart
https://schrts.co/Dischtzv

Good question. I have 21k shares

AI thoughts:
The possibility of Guanajuato Silver Co Ltd (GSVR) stock appreciating if silver reaches $100 an ounce next spring is considered high and potentially substantial, though this price target is highly speculative and outside most mainstream analyst forecasts for that timeframe.

The appreciation potential for a silver mining stock like GSVR is leveraged to the price of silver. Given that silver's price would have to roughly double from some very bullish near-term estimates (around $50) to reach $100, the stock price of a primary silver producer could see an even larger percentage increase due to several factors:

📈 Leverage to Silver Prices

Expanded Profit Margins: Silver miners have relatively fixed production costs (All-in Sustaining Costs, or AISC). If the selling price of silver rises dramatically (e.g., from $30 to $100), the profit margin per ounce (Selling Price-AISC) expands exponentially. For example, if a miner's AISC is $25, a price increase from $30 to $100 means the profit per ounce goes from $5 to $75, a 15-fold increase, far outpacing the silver price increase itself.

Asset Revaluation: The entire value of the company's mining assets (their silver reserves and resources) would be re-rated significantly higher, boosting their intrinsic valuation models (like Net Present Value or Discounted Cash Flow).

Analyst Projections: One simplified valuation model has estimated the stock's "fair value" at CA$46.8 if silver hits $100/oz, suggesting an enormous upside from its current price (around CA$0.39).

⛏️ Guanajuato Silver's Current Position

Primary Silver Producer: Guanajuato Silver derives over 90% of its revenue from the production and sale of silver and gold, making it a direct beneficiary of higher silver prices.

Improving Operations: The company has recently been reporting multiple consecutive quarters of positive mine operating income and improving operating costs, suggesting their operational structure is becoming more efficient, which would maximize the benefit of a higher silver price.

Analyst Consensus: Current analyst ratings are generally a "Strong Buy" for the stock (at current silver prices), with an average 12-month price target that suggests a significant upside (over 60% based on recent data).

⚠️ Caveats and Risks

It is crucial to note that the forecast of $100 silver by next spring is an extremely bullish, outlier prediction. Most mainstream analysts project a much more conservative range for silver in the near-term.

Market Volatility: Silver miners are highly volatile. A failure of silver to reach $100—or a significant correction—could lead to a sharp decline in the stock price.

Execution Risk: The company's stock appreciation depends on its ability to maintain or increase production and control its operating costs.

Dilution: Mining companies, particularly smaller ones, may issue new shares (dilution) to raise capital for expansion, which can temporarily dampen stock price growth.

In summary, if the highly improbable scenario of $100 silver next spring were to occur, the appreciation of Guanajuato Silver Co Ltd stock would be dramatic due to the leverage inherent in mining economics.

So, I hold on the outside chance this could happen.

Is this gonna go?

Took a position in Guanajuato Silver. https://www.stockwatch.com/News/Item/U-by0866661-U!GSVRF-20240523/U/GSVRF

Picked up a small lotto ticket this morning, hopefully they can get it together. Lepard, where you at?!

Guanajuato Silver Initiates Processing of Mineralized Material from El Horcon Mine
MexicoFollowTSX.V: GSVRWebsite
Mr. James Anderson reports:

VANCOUVER, BC / ACCESSWIRE / November 27, 2023 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR) (OTCQX:GSVRF) is pleased to announce the commencement of development work and the processing of mineralized material from an existing stockpile at its 100% owned El Horcon mine ("Horcon") located approximately 60km NW of Guanajuato, Mexico.

James Anderson, Chairman & CEO said, "The past producing El Horcon mine is ideally situated to become a satellite mining operation that could significantly expand Guanajuato Silver's production profile. The El Horcon mine fits well within our strategy of further consolidating the Guanajuato mining district as we look to take advantage of the excess processing capacity of our two operating mills in the area. In addition to being able to immediately access low-cost mineralized material from the existing stockpile, we are confident that the development programs we have planned for 2024 will add value to El Horcon and allow us to rapidly advance this exciting project."

Junior Mining Network

Starting in Mid-November, thus far the Company has shipped and processed 350 tonnes of material on a trial basis from the historical stockpile. Head grades from different batches of this material were approximately 30-50 gpt Ag and 1.6 to 3.0 gpt Au. Initial processing runs gave recoveries of approximately 70% for Ag and 82% for Au. Note: this first batch of material was taken from a higher grade area of the stockpile; future shipments are likely to be of somewhat lower grades. The Horcon stockpile is expected to add approximately 4,000 tonnes of mineralized material per month over a six-to-ten-month period. Metallurgical testing of the mineralized material at Horcon has been demonstrated compatible with the Cata mill processing circuit and is currently being blended with mineralized production from the Valenciana Mines Complex ("VMC").

In other development work, the Company earlier re-assayed previous core samples, and conducted an extensive mapping and sampling program in advance of a diamond drill exploration program that is scheduled to commence in Q2, 2024.

Acquired as part of the purchase of Great Panther's Mexican assets (see GSilver's news release dated August 4, 2022 - GSilver Closes Acquisition of Great Panther's Mexican Mining Assets), the El Horcon mining concessions cover 7,908 hectares comprising 17 contiguous mining concessions located approximately 60km to the northwest of the VMC. Mineralization at El Horcon is dominated by the regional extension of the prolific Veta Madre vein system and consists of numerous quartz-dominated gold-silver bearing veins; mineralization at El Horcon also contains significant lead and zinc values. The El Horcon mine is a past producer dating back to the 16th century, and several underground workings, tunnels, and access points are known to exist. In 2017, the previous operator established a historical inferred mineral resource that was prepared in accordance with National Instrument 43-101 of 2.0 million silver-equivalent ounces ("AgEq") (see notes to table for silver-equivalent calculations) from 162,140 tonnes grading 3.44g/t gold, 76 g/t silver and 2.69% lead, and 3.79% zinc based on 42 drill holes and 463 underground channel samples (see table and description below - the inferred mineral resource is considered historical in nature).

Junior Mining Network

See NI43-101 Technical Report on the Guanajuato Mine Complex Claims and Mineral Resource Estimations for the Guanajuato Mine, San Ignacio Mine and El Horcon and Santa Rosa Projects dated February 20, 2017 with an effective date of August 31, 2016; prepared for Great Panther Silver Limited by Robert Brown, P. Eng. Qualified Person & VP Exploration.
Notes:

US$110/tonne NSR Cut-off
Silver equivalent was calculated using a 70.6 to 1 ratio of silver to gold value.
Rock Density for all veins for Diamantillo is 2.77t/m³, San Guillermo 2.78t/m³, Diamantillo HW is 2.62t/m³, Natividad 2.57t/m³.
Totals may not agree due to rounding.
Grades in metric units
Contained silver and gold in troy ounces
Minimum true width 1.5m
Metal Prices $18.00USD/oz silver, and $1,300USD/oz gold, and $0.80USD/lb lead.
Ag eq (g/t) and AgEq (oz) use only Au, Ag, and Pb values.
The El Horcon mineral resource estimate is a historical estimate and the reader is cautioned not to treat them, or any part of them, as a current resource. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves and the Company is not treating the historical estimate as current mineral resources or mineral reserves. The mineral resource is taken from a Great Panther technical report dated February 20, 2017. However, based on the assumptions, parameters and methods in the prior technical report, as well as literature and data review the Company considers such estimate to be relevant and reliable and provides an indication of the extent of mineralization identified by previous operators at the El Horcon Mine. To verify the historical mineral resource estimate as a current mineral resource, a qualified person would need to complete database validation, undertake a full review of estimation parameters and procedures, and complete an updated mineral resource estimate and a NI 43-101 technical report incorporating additional production, drilling, sampling and resaying of core completed at El Horcon since February 2017.

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1961-tsx-venture/gsvr/151840-guanajuato-silver-initiates-processing-of-mineralized-material-from-el-horcon-mine.html?utm_source=newsletter_1758&utm_medium=email&utm_campaign=junior-mining-brief-for-date-l-b-j-y

Chart is from upper left to lower right. Read the next earnings report and judge if they will survive. Plus chart is showing right shoulder.

Anybody home? Looks like this maybe a time to buy.
They just presented at the Virtual Investors Conference.

You can't continue to produce at current prices! They were losing money when the price was $10 higher!

There was a reason why employees didn't get a share of profits! If the company doesn't survive there goes your job!

Now below $18 - but good update -

Integration of New Mining Assets Advancing Ahead of Schedule

VANCOUVER, BC / ACCESSWIRE / September 1, 2022 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide an operations update detailing the integration of the El Cubo mine and milling complex with the recently acquired Mexican mining assets of Minera Mexicana El Rosario S.A. de C.V. ("MMR") from Great Panther Mining Limited ("Great Panther"), comprising the Topia Mine in the State of Durango, and the San Ignacio Mine and the Valenciana Mines Complex ("VMC") in the state of Guanajuato.

James Anderson, Chairman and CEO of Guanajuato Silver, said, "With mining operations well underway at both Topia and San Ignacio, the integration of our newly acquired mines from Great Panther is considerably ahead of schedule. Our ability to transition the San Ignacio Mine rapidly and professionally from care & maintenance back to production is demonstrative of the technical acumen of our Mexican operations teams."

Whole release here - https://www.accesswire.com/714270/Guanajuato-Silver-Provides-Operations-Update

Silver below $19.
"yawn"

Drill results out today at El Cubo - nothing too exciting.

Did anyone attend the Precious Metals Day, she asked?

@bedrag GSVR featured at 15:30 mark. They talked of James saying they just processed $250,000 of someone elses tailings, lots of spare capacity and valuation likely to be multiples of current one in due course.

Guanajuato produces approx. 238,000oz AgEq in Nov.-Dec.

2022-02-03 12:07 ET - News Release


Mr. James Anderson reports

GSILVER PROVIDES 2021 PRODUCTION SUMMARY

Guanajuato Silver Company Ltd. has released 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 Cubo and the El Pinguico above ground stockpile.
Material processed at the El Cubo mill reached a high of 33,000 tonnes during the month of December.
6,796 meters of exploration drilling completed at combined El Cubo/El Pinguico operation.
The Santa Cecilia area commenced production in December, joining Villalpando and El Pinguico as the Company's third source of mineralized material.
El Pinguico above ground stockpile metallurgical recoveries averaged 74% for gold and 72% for silver; silver recoveries are considerably better than the 2020 bulk sample (see the Company's news release dated June 9, 2020)
After completing the purchase of the El Cubo mining complex in April 2021, the Company has swiftly brought the mine and processing facility back into commercial production. Mining commenced at El Cubo in August 2021; the hauling of stockpiled material from the Company's nearby El Pinguico property, and the restart of crushing and milling operations at the El Cubo plant commenced in October.

Hernan Dorado, Director and COO said: "We are very pleased with the swift pace with which we have brought the combined El Cubo and El Pinguico operation back into commercial production. The ongoing ramp-up, and continual improvements of tonnes mined and processed, head grade, and metallurgical recoveries is continuing."

Current Operations:

At El Cubo, the Company is currently deriving mineralized material from the 4-1500, 1850, and 2175 stope areas of the Villalpando vein, and the San Nicolasand Soledadveins of the Santa Cecilia area of north El Cubo, while additional tonnage is being sourced from the El Pinguico above-ground stockpile. Altogether, the Company is currently treating approximately 30,000 tonnes per month through its El Cubo processing plant.

James Anderson, GSilver's Chairman and CEO, commented, "2021 was an exciting and successful year for our Company, as it marked our evolution from exploration company to silver-gold producer. As we continue meeting or exceeding our production goals, we will carry on with our steady and continuous ramp-up of operations well into 2022. We are well positioned to continue our growth strategy this year."

Additional Progress:

By the beginning of 2022, GSilver had employed over 280 full-time personnel; of which over 80% are from the Guanajuato area. More than 40 of GSilver's employees are graduates of the University of Guanajuato, and the Company has established regular bi-weekly meetings with representatives from the city of Guanajuato.

Exploration:

The Company completed exploration drilling totalling 6,796m in 2021; 4,203m at El Pinguico, and 2,593m at El Cubo. Currently the Company has three drills in operation: one at El Pinguico and two at El Cubo. The Company plans to complete over 22,000m of exploration drilling on its Guanajuato properties in 2022; further details of exact targets and timelines will be outlined in subsequent news releases.

(Underground Drilling At El Pinguico)

(Underground Drilling At El Cubo)

(Surface Drilling At El Cubo)

Hernan Dorado Smith, a director and officer of GSilver and a "qualified person" as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has approved the scientific and technical information contained in this news release.

About Guanajuato Silver Company Ltd.:

GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico. The Company is currently producing silver and gold from its 100% owned El Cubo and El Pinguico projects, while simultaneously advancing the El Pinguico Mine to restart. Both projects are located within 11km of the city of Guanajuato, which has an established 480-year mining history.

We seek Safe Harbor.

From ceo.ca - @Goldfinger A little birdie has informed me that $GSVR CEO James Anderson is scheduled to appear on Fox News today – Making Money with Charles Payne – at around 2:20pm EST. James will be coming in live from Guanajuato.

Is it a reflection on silver or on GSVRF or on this platform that there has not been a post her in 2 months?

Are you the Admin of DDAmanda? If yes, I sent you an email

$GSVRF #Silver and #Gold Production will start any time now.......

z

Yeah....when #Silver Blows the fuck up.......so will $GSVRF .......

z

Zar,, in for the long term here. All good.:)

$GSVRF used to be #VanGold Mining.......

z

$GSVRF one of the TOP #Silver and #Gold Mining stocks!!

z

$GSVRF starting to make her move!!!

z

When #Silver and #Gold start running, $GSVRF will follow.......

z

Yes. $GSVRF is starting to produce #Silver and #Gold any time now.......

z

New to the board
Been adding at these levels.

Production on the way

Good Idea. I Think $GSVRF were on that conference awhile back....not sure

z

You should invite them to present on the Emerging Growth Conference. Have them contact us. EmergingGrowth.com/Conference.

At some point in the very near future:

#Silver is going to blow the fuck up.

When it does, $GSVRF will follow suit.

Company is going into Production this fall.

#DDAmanda Chart on $GSVRF



z

$GSVRF will start #Gold and #Silver production SOON.......

z

$GSVRF / $GSVR - Emerging Growth / Investors Hub Conference Replay available here:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164694718

#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):

Production starting in Fall of 2021!! ( #DDAmanda Pick)

Website: https://gsilver.com

Tier: OTCQX

Symbol: 'Gold Silver Very Red Fox'



What the Fact (Factor) Column is:

The Factor is a proprietary indicator used for scanning in #DDAmanda.

It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).

SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.

That's significant, and many times indicates that a run in the stock is coming.






Previous Charts: $AVXL, $HPIL, $LWLG, $AMC, $PHIL

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#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):

Production starting in Fall of 2021!! ( #DDAmanda Pick)

Website: https://gsilver.com

Tier: OTCQX

Symbol: 'Gold Silver Very Red Fox'



What the Fact (Factor) Column is:

The Factor is a proprietary indicator used for scanning in #DDAmanda.

It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).

SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.

That's significant, and many times indicates that a run in the stock is coming.






Previous Charts: $AVXL, $HPIL, $LWLG, $AMC, $PHIL

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#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):

Production starting in Fall of 2021!! ( #DDAmanda Pick)

Website: https://gsilver.com

Tier: OTCQX

Symbol: 'Gold Silver Very Red Fox'



What the Fact (Factor) Column is:

The Factor is a proprietary indicator used for scanning in #DDAmanda.

It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).

SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.

That's significant, and many times indicates that a run in the stock is coming.






Previous Charts: $AMC, $RSHN, $NWBO, $CYDY, $AMRN, $ENZC, $GVSI, $HCMC, $FNMA, $HPIL

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$GSVRF / GSVR Conference Replay now available.

Conference Replay and next conference registration Link here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164585602

$GSVRF / $GSVR Live on the The Emerging Growth / Investors Hub Conference in 30 minutes!

Registration link here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164548779

Other Companies Presenting Today:
$PHIL
$CBDD
$PBIO
$CLXPF
$RKV

Follow for Replay Notification
$NSAV & VirtuaBroker
$LQAVF / $LQID
$ERVFF / $EV
$FTXP

Guanajuato Silver Co. Ltd. (OTCQX: GSVRF), (TSX: GSVR) Presenting Live on Emerging Growth Conference 10 - June 23, 2021

Registration Link Here:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164507515

$GSVRF on EmergingGrowth.com Conference!!!:

Scroll down........

MIAMI, June 21, 2021 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 10th Emerging Growth Conference.

For the first time, Emerging Growth teams with Investors Hub, one of the top investing websites and apps providing streaming market data tools and over 30,000 message boards focused on public companies, cryptocurrencies, and more to provide the first Emerging Growth / Investors Hub Conference.

The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.



Emerging Growth
Mon, June 21, 2021, 6:00 AM

NSAV
-11.7647%

ERVFF
0.00%

FORW
-3.5921%

CBDD
-5.76%

+10
Niche Companies in Technology, Cryptocurrency & Blockchain, Biotech, Exploration and more in Attendance

MIAMI, June 21, 2021 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth Companies and Markets announces the Schedule of the 10th Emerging Growth Conference.

For the first time, Emerging Growth teams with Investors Hub, one of the top investing websites and apps providing streaming market data tools and over 30,000 message boards focused on public companies, cryptocurrencies, and more to provide the first Emerging Growth / Investors Hub Conference.

The Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth.

Register for the conference here.

The schedule for June 23 is as follows:

(All times are Eastern Time Zone)

We may see some schedule changes on Wednesday. To stay current on the schedule, please follow us on Twitter: https://twitter.com/EmergingGrowthC.

9:00 – 9:30

Net Savings Link, Inc. (OTC Pink: NSAV)
Yuen Wong, Director, NSAV
Dani Garcia, Founder and CTO of VirtuaBroker

10:00 – 10:45

Liquid Avatar Technologies Inc., (OTCQB: LQAVF), (CSE: LQID)
David Lucatch, Co-Founder, President, Director
Bettina Brunnhuber, Executive Coordinator

10:45 – 11:30

Erin Ventures, Inc. (OTC Pink: ERVFF) (TSX: EV)
Tim Daniels, President & Blake Fallis, CFO

11:30 – 12:00

Foothills Exploration, Inc. (OTC: FTXP)
Kevin Sylla, Executive Chairman

12:00 – 12:30

Guanajuato Silver Co. Ltd. (OTCQX: GSVRF), (TSX: GSVR)
Mr. James Anderson Chairman, Pres & CEO

12:30 – 1:00

PHI Group, Inc. (OTC Pink: PHIL)
Henry Fahman, Chairman & CEO

1:30 – 1:30

CBD of Denver (OTC Pink: CBDD)
Marcel Gamma, CEO

1:30 – 2:00

Pressure Biosciences, Inc. (OTCQB: PBIO)
Richard T. Schumacher President, CEO

2:00 – 2:30

Cybin, Inc. (OTCQB: CLXPF)
Doug Drysdale, CEO

2:30 – 3:15

Rakovina Therapeutics Inc. (TSX-V: RKV)
Jeffrey Bacha, Executive Chairman
David Hyman, CFO

All interested in attending should visit the following link to register. You will then receive an email containing the link and time to sign into the conference.

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#DDAmanda Chart on: $GSVRF (Gold/Silver production this year):

Production starting in Fall of 2021!! ( #DDAmanda Pick)

Website: https://gsilver.com

Tier: OTCQX

Symbol: 'Gold Silver Very Rich Finds' or 'Gold Silver Velvet Red Fox'



What the Fact (Factor) Column is:

The Factor is a proprietary indicator used for scanning in #DDAmanda.

It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).

SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.

That's significant, and many times indicates that a run in the stock is coming.






Previous Charts: $AMC, $RSHN, $NWBO, $CYDY, $AMRN, $ENZC, $GVSI, $HCMC, $FNMA, $HPIL

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