Guanajuato Silver Makes Key Upgrades to Mining Fleet September X, 2025
1
Guanajuato Silver Makes Key Upgrades to Mining Fleet
September X, 2025 – Vancouver, British Columbia – Guanajuato Silver Company Ltd. (the “Company” or
“GSilver”) (TSXV:GSVR)(OTCQX:GSVRF) is pleased to provide information pertaining to significant mining
fleet upgrades currently in process at the Company’s El Cubo Mines Complex (“El Cubo”) and Valenciana
Mines Complex (“VMC”) in Guanajuato, Mexico.
James Anderson, Chairman and CEO, said, “Investing heavily in our mining fleet is the most effective way
to generate improved operating efficiencies and enhanced production. The challenges of maintaining our
existing fleet of maturing vehicles has often added variability to our production cycle; however, with these
new state-of-the-art vehicle acquisitions, our operations will see enhanced fleet availability, which we
expect to materially impact production output. Ensuring optimal utilization of our mining fleet will
continue to be a priority and a key component to ensuring long-term operational success at our mines.”
A total of six new mining vehicles have been delivered from Shandong, China based Tuoxing Heavy
Machinery Company; specifically, three low profile trucks and three scooptr ams have arrived over the
past month and are either now fully deployed or are in the final preparatory stages of integration.
Additionally, three “Torino” style 20-tonne haulage trucks, manufactured in central Mexico, have been
ordered and will be arriving in Guanajuato over the coming months.
New Low-Profile Trucks
Three new TU-6 low profile underground mining trucks have all arrived in Guanajuato and are being
deployed to the Santa Cec ilia mining area at El Cubo. These ultra-low profile 6-ton trucks have a
strengthened safety cab system, and a unique low centre of gravity that improves roadway stability and
maneuverability.
New Scooptrams
Three new TC-100 diesel scooptrams have arrived in Guanajuato; two have been moved to El Cubo and
one to VMC . Noted for having an exceptionally long operational life, these vehicles are powered by a
reliable turbocharged 4-cylinder engine, and each of these vehicles has been thoroughly customized for
a rough underground environment.
2
New Torino Trucks
Finally, three new “Torino” 20-tonne haulage trucks have been ordered; one each will arrive per month
starting in October. These unique trucks are dimensionally modified to operate underground. Running on
Mercedes Benz engines, the Torino trucks have been manufactured to the Company’s specifications. Two
of the Torino trucks will be deployed at VMC, with the third vehicle scheduled to be utilized at El Cubo.
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 s Complex,
the 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 m ine 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, enhanced fleet availability,
material impacts to production output, ensuring optimal utilization of the Company’s mining fleet, long-
3
term operational success at the Company’s mines, expected timing to take delivery and integrate the new
mining fleet, expected benefits of the new mining fleet 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,
that the new mining fleet will be delivered on schedule, that the new mining fleet will operate in
accordance with design specifications, 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, San Ignacio, VMC and Topia, that the new mining fleet
will not be delivered on schedule, that the new mining fleet will not operate in accordance with design
specifications, 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
4
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.