Guanajuato Silver - El Cubo Mines Complex.
El Cubo Mines Complex.
Source: Guanajuato Silver.
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  • Guanajuato (GSVR) has increased silver production by 111 per cent from Q2 to Q3 2022
  • Silver production reached 329,297 ounces
  • Average silver recoveries registered at 88.5 per cent, while gold recoveries came in at 86.3 per cent
  • Guanajuato Silver oversees five silver and gold mines and three processing facilities in Mexico
  • Guanajuato (GSVR) is up by 1.12 per cent trading at $0.45 per share

Guanajuato (GSVR) has increased silver production by 111 per cent from Q2 to Q3 2022.

Production stems from the company’s El Cubo Mines Complex and the San Ignacio Mine in Guanajuato, Mexico, as well as the Topia Mine in Durango, Mexico.

Q3 highlights:

  • Silver production reached 329,297 ounces. On the basis of silver-equivalent ounces, the QoQ increase comes to 107 per cent
  • Average silver recoveries of 88.5 per cent and gold recoveries of 86.3 per cent match or exceed historic production recoveries
  • Significant lead and zinc sales commenced in August 2022 at Topia, from which the company sells a lead-silver concentrate to Samsung C&T U.K. and a zinc-silver concentrate to Ocean Partners U.K.

“The dramatic increase in production from Q2 to Q3 of this year reflects the welcomed addition of the San Ignacio Mine and the Topia Mine into our growing production portfolio,” said James Anderson, Chairman and CEO of Guanajuato Silver. “Having successfully enhanced our production status, we now look to continue the trend of QoQ increases in mined tonnage, grade, recoveries, and most importantly, silver-equivalent ounces produced.”

Consolidated production in Q3:

Source: Guanajuato Silver.

Month-over-month production:

Source: Guanajuato Silver.

Guanajuato Silver is a precious metals producer engaged in reactivating past-producing silver and gold mines near Guanajuato, Mexico. With five mines and three processing facilities, the company is one of the fastest-growing silver producers in Mexico.

Guanajuato (GSVR) is up by 1.12 per cent trading at $0.45 per share as of 2:29 pm ET.


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