Guanajuato Silver Appoints Rick Trotman as Senior Vice President
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Guanajuato Silver Appoints Rick Trotman as Senior Vice President
July 29, 2025 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “ Company” or
“GSilver”) ( TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce that it is expanding its senior
management team with the addition of Rick Trotman as Senior Vice President.
James Anderson, CEO & Chairman, said, “Rick’s addition to our team immediately bolsters our technical,
financial, and corporate capabilities ; he has extensive experience in analyzing all aspects of both
exploration and mining operations from planning to asset evaluation to resource development and
operational troubleshooting. His addition should immediately prove helpful to Guanajuato Silver as we
strive to unlock the full potential of our operating assets in Mexico and start planning for our next wave
of growth. This is an important addition to the Guanajuato Silver team, and I look forward to working
closely with Rick as we continue to transition the Company into an important producer of both silver and
gold.”
Mr. Trotman is a professional geologist who has built a remarkable 20-year mining career focused on
technical excellenc e and identifying high -value resource opportunities. Rick brings a complete
complement of experience and expertise to Guanajuato Silver; he is fully knowledgeable in all facets of
the mining industry, from field exploration to the corporate boardroom, to managing various levels of
governmental interaction to robust stakeholder engagement.
Mr. Trotman started his career as a geologist with Barrick Gold, Meridian Gold, and Yamana Gold at
various exploration projects and operational mines within the United States and northern Mexico. He
then moved to the financial sector in 2010 working as a mining associate and analyst for banks in NYC,
where he covered the full range of mining companies from explorers to major North American gold
producers. From 2012 to 2017, Mr . T rotman worked at Resource Capital Funds (RCF), a mining-focused
private equity firm where he reviewed thousands of potential investment opportunities across the globe.
While at RCF, he was responsible for identifying opportunities, managing all aspects of the due diligence
process, negotiating and executing investments totaling over $300 million, and managing those
investments until their divestment. Most recently, Mr. Trotman was President and CEO of Barksdale
Resources, where he successfully navigated a challenging permitting process that allowed him to develop
a world class polymetallic exploration target in southern Arizona.
He holds a Master of Science in Economic Geology from the University of Nevada, and a Bachelor of
Science in Geology from Washington State University. On behalf of the US State Department, Mr. Trotman
provides courses on project valuation and economic geology to various governments across the globe
that are looking to enhance their mining industries.
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Stock Option Grant
The Company will grant a total of 2,200,000 stock options to officers and employees of the Company. The
stock options will have an exercise price of C$0.32 and will expire on July 29, 2030. The options will vest
in accordance with the Company’s stock option plan and are subject to the acceptance of the TSX Venture
Exchange.
About Guanajuato Silver
GSilver 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.
ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO
For further information regarding Guanajuato Silver Company Ltd., please contact:
JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
GSilver.com
Guanajuato 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 Statements
This 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, improved financial flexibility,
opportunities to grow the Company’s business through potential acquisitions at a time of increasing
interest in precious metals 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 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
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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, 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, 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 El Cubo, 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 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 military 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.