- Guanajuato Silver (TSXV:GSVR) reports an increase in silver production at from four of its facilities in Mexico
- The company reported record production of silver, including 941,338 silver-equivalent ounces from 477,650 ounces of silver
- Additional production includes 7,719 ounces of gold, 875,802 pounds of lead and 897,258 pounds of zinc
- Shares of Guanajuato SIlver (TSXV:GSVR) are up 7.50 per cent to C$0.43 as of 10:59 a.m. ET
Guanajuato Silver (TSXV:GSVR) has announced production results for the quarter ended on June 30.
The company said in a statement results come from its wholly owned Elcubo Mines, Valenciana Mines Complex and San Ignacio Mine in Guanajuato, Mexico as well as its Topia Mine in Durango, Mexico.
Record production during the quarter included 941,338 silver-equivalent ounces from 447,660 ounces of silver, 4,719 ounces of gold, 875,802 pounds of lead and 897,258 pounds of zinc.
The increased production during the second quarter is Guanajuato’s six consecutive quarter of increased precious metals production.
“During Q1 and Q2, we have implemented a number of efficiency upgrades that are now poised to generate significant improvements to production grades and volumes, as we look to optimize mine production at all four of our producing silver mines. Furthermore, we continue to pursue additional opportunities to grow our production portfolio as we move towards becoming Mexico’s next mid-tier silver producer,” James Anderson, CEO of Guanajuato Silver, said in a statement.
Other highlights from the quarter include:
- Consolidated mine production increased 2.5 per cent to 166,171 tons compared to 162,116 tons in Q1 2023
- Consolidated silver production increased 4 per cent to 477,650 ounces compared to 458,803 ounces in Q1 2023
- Consolidated silver-equivalent production was higher by 3,291 ounces compared to Q1 2023
- Average recovers for silver, gold and lead increased 84.9 per cent, 83.1 per cent and 87.4 per cent respectively
With its headquarters in Vancouver, Guanajuato Silver is focused on reactivating past-producing silver and gold mines in Mexico.
Shares of Guanajuato SIlver are up 7.50 per cent to C$0.43 as of 10:59 a.m. ET.
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