Guanajuato Silver – Major Production Growth In 2022, Outlook For 2023 and Ongoing Exploration
James Anderson, President of Guanajuato Silver (TSX.V:GSVR – OTCQX:GSVRF) joins us to provide a production and exploration update at the Company’s Projects in Mexico.
Production drastically increased throughout 2022, starting in Q1 with 276k AgEq oz and growing to 836k AuEq in Q4. We have James outline the growth projections for next year and how the new assets acquired from Great Panther back in August have preformed on the production front.
On the exploration front we recap the most recent news release on February 23rd, highlighting the best drill hole to date on any of the recently acquired Great Panther Projects. James shares details on the number of drills turning and focus currently for exploration.
If you have any follow up questions for James or want more information on any of the assets please email us at Fleck@kereport.com and Shad@kereport.com.
* In full disclosure, Shad has a position in Guanajuato Silver.
Click here to visit the Guanajuato Silver website to read over the recent news releases we discussed.
LOL! Can you find one for gold, I’m hooked. DT
Hi DT , I’m Just A Poor Man , so i will settle for the silver. … Wonder if Cory or Shad will take it down.
Hi Irish, if it wasn’t for your post I wouldn’t have listened to their interview, I’m glad I did, Guanajuato Silver is an interesting company, it helps to have a spice girl around here, it breaks the monotony. DT🤩
It was fine for Youtube to keep it up, and it is making stacking silver more appealing after all. Ha!
I wish they would spend more time these days on small production companies and less time on explorers. DT
Hi DT. Agreed, and I’ve been working on getting more small production companies on the show for some time, but it isn’t always easy, and plus there are just so many more exploration stories out there all vying for investor attention.
I will say we’ve had a number of them on the show though in the past…. Calibre Mining, Thor Explorations, Silvercrest Metals, Mako Mining, Karora Resources, Superior Gold, Impact Silver, Equinox Gold, Endeavour Silver, Avino Silver & Gold, Minera Alamos, I-80 Gold, Guanjuato Silver, etc… not to mention all the different PM Royalties companies we bring on with exposure to both large and smaller production stories.
The 5 meters of true width intersecting 1,219 G/T AG EQ at San Ignacio is big enough to drive a Mack Truck through it, everyone should know how big a Mack Truck is. LOL! DT
The widths that IPT recently reported are so small, only a Messerschmitt could get through it.
Interesting name – is this management team any good? I’m always skeptical of CEO’s that were brokers/capital markets types. They don’t really know how to run companies.
The share structure looks blown out a bit…..what are the warrants mostly priced at?
I know Larry Lepard likes this one….
Hi Ryan, James Anderson The President of Guanajuato Siver is well spoken, the trick to running any company is knowing how to pick the right people and manage them. They have hired almost exclusively Mexican miners and I think that is a great approach, the locals understand the mining aspects of their country and how business is conducted by the officials. Their results reflect their approach. DT
DT many companies use this talking point as if it gives them an edge that others may not have. And every guy talks about the geologist or whatever who did amazing work at another company before coming to his company. Never hear this kind of talk from Fred Davidson.
Terry, the playing field in that respect is true, I agree about talking book, but not all companies hire mostly from the country of origin, with management included. By the way Terry, I assume you listened to the video, what did you think about their properties they picked up off the rack and their production numbers over the last year. It’s always nice when someone else gives his opinion especially if it varies from the narrative. Have you done any Due Diligence on Guanajuato. Do you believe it was that easy to pick up those properties when Fred Davidson had been looking and not acquiring. DT
Those increases were impressive. It seems Great Panther didn’t appreciate what they had and really lost the plot giving it up for pennies.
Mining is a tough business and quite often in life mining plots can be held by many companies before someone comes along and sees the eureka moment. Barrick made most of their money initially by buying up old mines and developing the treasure beneath that was either missed by the other operators or the technology wasn’t there at the time. DT
For what it’s worth, I’ve been impressed with James as the CEO of Guanajuato Silver, and they’ve delivered on what they said they would for the over a year now. Their operations team has done a pretty good job bringing El Cubo into production and now they are optimizing the mines they picked up from Great Panther, that had been deeply under invested in.
I’ve been a shareholder for some time now and it was nice to see this stock mostly trend sideways versus falling out of bed for the last year, when so many other stocks got hit much harder. I think that’s a testament to their operational strength.
Great job acquiring those assets off the sale rack. Wonder why Fred Davidson(IPT) or others didn’t jump in there, especially since he claims to have spent many years in Mexico looking for bargains.
I think James and the team at Guanajuato Silver could point to the turnaround they already did at El Cubo after picking it off from Endeavour Silver, and so they could replicate the same kind of turnaround process at the mines they picked off from Great Panther. It was nice score from Guanajuato Silver in both cases, as they picked up producing mines from distressed producers for pennies on the dollar.
Impact Silver has been busy with their own recent acquisition with Consolidated Zinc Limited (ASX: CZL) of Australia dated February 9, 2023 to purchase all of the outstanding shares of its subsidiary, Minera Latin America Zinc S.A.P.I de C.V. (“MLAZ”), which holds a 100% interest in the Plomosas zinc-lead-silver mine in the state of Chihuahua, northern Mexico.
WOW what did i just watch !? … This is an ad for PHY. Silver. … Maybe not for the prudish !!!!