Guanajuato Silver Hits Major Production Goal, Settles Debts
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Guanajuato Silver Hits Major Production Goal, Settles Debts

Story Highlights
  • Guanajuato Silver reaches a 3 million ounce silver production milestone, finalizing a payment to Endeavour Silver Corp.
  • Debt settlements with Endeavour and Ocean Partners strengthen Guanajuato Silver’s financial position through share issuance.
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Guanajuato Silver Company Ltd. (TSE:GSVR) has released an update.

Guanajuato Silver Company Ltd., a Mexican-based silver producer, has reached a production milestone of over 3 million ounces of silver at the El Cubo mine, completing a contingent payment to Endeavour Silver Corp. The company has arranged share-based settlements of debt with both Endeavour and Ocean Partners UK Limited, the latter being a key trading partner and now a significant shareholder. Additionally, a third-party liability will be settled in shares, further strengthening the company’s financial position.

For further insights into TSE:GSVR stock, check out TipRanks’ Stock Analysis page.

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