REG - Guanajuato Silver Co - Guanajuato Silver Announces AGM Results

Guanajuato SilverAnnouncement

30/06/2023 13:15

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RNS Number : 5765E  Guanajuato Silver Company Ltd.  30 June 2023

 

 
 

Guanajuato Silver Announces AGM Results

Guanajuato Silver Company Ltd. (the "Company" or "GSilver")
(TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) reports that all of management's nominees
for election as directors of GSilver at the Company's 2023 Annual General
Meeting held on June 28, 2023 ("AGM") were duly elected as directors of
GSilver for the ensuing year, being James Anderson, Ramon Davila, William
Gehlen, Daniel Oliver, Jr., Richard Silas and Hernan Dorado Smith.

Shareholders represented at the AGM also voted in favour of (i) re-appointing
KPMG LLP, Chartered Professional Accountants, as the Company's auditors; and
(ii) ratifying and approving the Company's existing stock option plan, and
(iii) setting the number of directors at six.

Additionally, the Company has identified that the new NI 43-101 preliminary
economic assessment report dated June 23, 2023 (effective date:  December 31,
2022) titled "Preliminary Economic Analysis - El Cubo/El Pinguico Silver Gold
Complex Project, State of Guanajuato, Mexico" prepared by Behre Dolbear &
Company (USA), Inc. (the "2023 PEA") as reported and filed on June 26, 2023
(see GSilver news release dated June 26, 2023 - "Guanajuato Silver Provides
Updated PEA for the El Cubo Mines Complex
(https://www.gsilver.com/news/2023c/855-uanajuatoilverrovidespdatedfortheluboine20230626)
") contained incorrect information with respect to the number of contained
gold ounces for the inferred resource at El Cubo and should read 124,400
ounces and not 129,900 ounces as originally reported. Accordingly, Tables 1.1
and 14.3 of the 2023 PEA should be amended to reflect the number contained
gold ounces for the inferred mineral resource at El Cubo as 124,400 ounces as
bolded in Table 1 below. Such typographical error is confined solely to the
above-noted tables in the 2023 PEA and is not material to and did not impact
any of the financial metrics or the financial analysis presented in the 2023
PEA as reported on June 23, 2023.

+    The silver equivalent ("AgEq") ounces shown in this column are not
included in the 2023 PEA and have been estimated and added directly by GSilver
for ease of reference and comparison purposes based on a ratio of 1 ounce of
gold is equal to 80 ounces of silver, (one troy ounce converted to the metric
system equals 31.1035 grams).

 

 

Technical Information

Reynaldo Rivera, VP of Exploration of GSilver, has approved the scientific and
technical information contained in this news release. Mr. Rivera is a member
of the Australasian Institute of Mining and Metallurgy (AusIMM - Registration
Number 220979) and a "qualified person" as defined by National Instrument
43-101, Standards of Disclosure for Mineral Projects.

 

For further information regarding Guanajuato Silver Company Ltd., please
contact:

 

JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433

E: jjj@GSilver.com

Gsilver.com

 

VSA Capital - AQSE Corporate Adviser

T: +44 (0) 20 3005 5000

Simon Barton - Corporate Finance

Thomas Jackson - Corporate Finance

Andrew Monk - Corporate Broking

David Scriven - Corporate Broking

 

 

About Guanajuato Silver

GSilver is a precious metals producer engaged in reactivating past producing
silver and gold mines in central Mexico. The Company produces silver and gold
concentrates from the El Cubo Mine, Valenciana Mines Complex, and the San
Ignacio mine; all three mines are located within the state of Guanajuato,
which has an established 480-year mining history. Additionally, the Company
produces silver, gold, lead, and zinc concentrates from the Topia mine in
northwestern Durango. With four operating mines and three processing
facilities, Guanajuato Silver is one of the fastest growing silver producers
in Mexico.

 

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