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Guanajuato Silver Company ( (TSE:GSVR) ) has shared an update.
Guanajuato Silver has closed the acquisition of the Bolanitos gold-silver mine in Guanajuato, Mexico, from Endeavour Silver for total consideration of up to US$50 million, including US$40 million paid at closing in a mix of cash and shares and up to US$10 million in contingent payments tied to silver-equivalent production milestones. Bolanitos becomes the company’s fifth producing mine and brings a 1,600-tonne-per-day flotation plant that is currently under-utilized, allowing Guanajuato Silver to reconfigure its Guanajuato district into a more efficient hub-and-spoke processing model by directing ore from nearby San Ignacio to Bolanitos, a move expected to enhance throughput, recoveries, and overall operating economics while deepening Endeavour’s role as a strategic shareholder under a new investor rights agreement.
The most recent analyst rating on (TSE:GSVR) stock is a Hold with a C$0.74 price target. To see the full list of analyst forecasts on Guanajuato Silver Company stock, see the TSE:GSVR Stock Forecast page.
Spark’s Take on TSE:GSVR Stock
According to Spark, TipRanks’ AI Analyst, TSE:GSVR is a Neutral.
The overall stock score of 52 reflects the company’s financial instability due to high leverage and negative profitability, despite some positive cash flow growth. Technical indicators show strong bullish momentum, but the stock is overbought, which could lead to a correction. The negative P/E ratio and lack of dividend yield further weigh down the valuation.
To see Spark’s full report on TSE:GSVR stock, click here.
More about Guanajuato Silver Company
Guanajuato Silver Company Ltd. is a Mexico-focused precious metals producer operating multiple gold and silver mines, including San Ignacio, and targeting growth in the country’s historic mining districts. The company concentrates on underground production and processing of gold and silver ores, positioning itself as an emerging mid-tier player in the Mexican precious metals sector.
Average Trading Volume: 3,586,831
Technical Sentiment Signal: Buy
Current Market Cap: C$491.3M
For an in-depth examination of GSVR stock, go to TipRanks’ Overview page.