Guanajuato Silver Recognised for Social Responsibility in Mexico
Guanajuato Silver Recognised for Social Responsibility in
Mexico
VANCOUVER, BC / ACCESS Newswire / June 16, 2025 / Guanajuato Silver Company Ltd.
(the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) is pleased to announce it has
received Mexico's Socially Responsible Enterprise certification, which recognizes the
quality of the Company's community outreach and integration programs throughout 2024;
and as previously announced on April 28, 2025, the Company confirms that the amended
terms of its Gold Credit Facility with Ocean Partners UK Ltd. ("Ocean Partners") have been
finalized.
Socially Responsible Enterprise (ESR Certification)
Guanajuato Silver's Mexican operating subsidiary, Minera Mexicana El Rosario, has been
awarded the Socially Responsible Enterprise (Empresa Socialmente Responsible "ESR")
Award for 2024. This certification was granted by the Mexican Center for Philanthropy and
is based on excellence in the areas of environment, social responsibility, governance and
global context.
New Gold Credit Facility
As previously announced, the Company has amended the terms of its Gold Credit Facility
with Ocean Partners UK Ltd. ("Ocean Partners") (See Guanajuato Silver news release April
28, 2025). The new Gold Credit Facility (the "New Facility") (as of today's date) has an
outstanding balance of 7182 ounces of gold bullion; under the terms of the New Facility,
two-thirds of the outstanding balance will be amortized over 36 months starting April 2025,
and is repayable in equal fixed monthly installments of 131.7 ounces of gold bullion,
representing approximately 10% of Guanajuato Silver's modelled monthly gold production.
In connection with the terms of the new Gold Credit Facility, the Company will issue to
Ocean Partners 4,550,000 non-transferable warrants exercisable into one common share
of the Company with an exercise price of C$0.24. Each warrant has a 36-month term that
expires on June 16, 2028. The warrants, and the common shares issuable upon exercise,
are subject to a statutory hold period that ends on October 17, 2025.
James Anderson, Chairman & CEO said, "The reduction of our monthly loan payments by
over 200 ounces of gold per month provides the Company with improved financial flexibility
as we pursue opportunities to grow our business at a time of increasing interest in precious
metals. "
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 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.
SOURCE: Guanajuato Silver Company Ltd.