GUANAJUATO SILVER CO

GSVR
Delayed Bourse de Toronto - 03:59 2022-12-07 pm EST
0.4500 CAD -3.23%

IN BRIEF: Guanajuato Silver boasts production jump as new mines added

11/24/2022 | 09:34am

Guanajuato Silver Co Ltd - silver producer in Mexico - In the third quarter of 2022, silver production more than doubles quarter-on-quarter to 329,297 ounces. Silver equivalent production also more than doubles to 700,264 ounces. Gold production rises 49% to 3,226 ounces. This "dramatic" increase in production reflects the addition of the San Ignacio and Topia mines. Financial results for the third quarter will follow on Tuesday.

"Having successfully enhanced our production status, we now look to continue the trend of quarter over quarter increases in mined tonnage, grade, recoveries, and most importantly, silver-equivalent ounces produced," says Chair & Chief Executive Officer James Anderson.

Current stock price: 27.3 pence

Change since October IPO: up 1.1% from 27p

By Elizabeth Winter; elizabethwinter@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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