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Guanajuato Silver Reports Significant Resource Increase at El Cubo Mine

Story Highlights
  • Guanajuato Silver updates El Cubo resource estimates, boosting inferred resources by 85%.
  • GSilver’s strategy includes refreshing reports, maintaining strong exploration potential.
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Guanajuato Silver Reports Significant Resource Increase at El Cubo Mine

Guanajuato Silver Company Ltd. ( (TSE:GSVR) ) has provided an update.

Guanajuato Silver Company Ltd. has announced a significant update to the mineral resource estimate for its El Cubo mine complex in Guanajuato, Mexico. The new NI 43-101 Technical Report highlights an 85% increase in inferred silver-equivalent resources to 35.6 million ounces, and a 179% rise in inferred mineral resource tonnes. Despite three years of extensive mining, the indicated resources have only declined by 23%. This update is part of GSilver’s strategy to continually refresh its technical reports and resource estimates across all its Mexican mining operations, indicating strong exploration potential and ongoing efforts to enhance the company’s resource base.

More about Guanajuato Silver Company Ltd.

Guanajuato Silver Company Ltd. is a mining company operating in the precious metals industry, focusing on the production and exploration of silver and gold resources in Mexico. The company owns and operates several mines, including the El Cubo Mine complex, Valenciana Mines Complex, San Ignacio mine in the state of Guanajuato, and the Topia mine in northwestern Durango.

YTD Price Performance: -10.0%

Average Trading Volume: 745,897

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$84.99M

See more data about GSVR stock on TipRanks’ Stock Analysis page.

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