Guanajuato Silver Repays OCIM Loan In Full

Guanajuato Silver Company Ltd. (GSilver) has announced the full repayment of its US$7.5 million silver and gold pre-payment facility to OCIM Metals & Mining S.A. This milestone reflects the company's improving financial health and operational stability. James Anderson, Chairman and CEO, acknowledged OCIM's crucial role in supporting their initial acquisition of the El Cubo mine and milling facility.

The repayment enhances GSilver's financial flexibility, enabling it to allocate more resources to its ongoing operations in Mexico. According to Laurent Mathiot, Chairman and CEO of OCIM, the collaboration exemplifies how OCIM’s funding solutions can add significant value to junior mining companies.

As of now, GSilver's only outstanding loan is the gold credit facility with Ocean Partners UK Ltd. The company has been averaging monthly production of over 1600 ounces of gold and 137,000 ounces of silver in the first half of 2024, indicating a robust operational performance.