REG - Guanajuato Silver Co - Management changes to support expansion

Guanajuato SilverAnnouncement

25/04/2023 13:15

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RNS Number : 3955X  Guanajuato Silver Company Ltd.  25 April 2023

25 April 2023

 

 

 
 

Guanajuato Silver Company Limited

Corporate Update

Management Realignment in Anticipation of Continued Growth

 

Guanajuato Silver Company Ltd. (the "Company" or "GSilver")
(TSXV:GSVR)(AQUIS:GSVR)(OTCQX:GSVRF) is pleased to announce changes to its
senior management team. These changes are designed to support future expansion
of the Company's growing portfolio of mining assets and to augment production
from the Company's wholly owned El Cubo Mines Complex ("El Cubo"), Valenciana
Mines Complex ("VMC"), and San Ignacio Mine ("San Ignacio") in Guanajuato,
Mexico, and the Topia Mine ("Topia") in Durango, Mexico.

 

Hernan Dorado Smith, formally Chief Operating Officer, will now take the
position of Chief Strategy Officer; in this new role, Mr. Dorado will focus on
developing expansion strategies and formulating new business opportunities
within Mexico, in-line with the Company's growth-through-acquisition strategy.
Mr. Dorado is a fifth-generation mining engineer and has been a director of
Guanajuato Silver since 2017.

 

James Anderson, Chairman and CEO, said, "Guanajuato Silver has established a
reputation of being very good at identifying mining assets that can be
revitalized and quickly brought back into optimal production. With the silver
market enjoying signs of a major revival, we believe that the time is now to
accelerate our plans into sourcing new opportunities for growth; I'm excited
to work directly with Hernan who will be leading these efforts."

 

In parallel, Mario Valdez has been promoted from VP Operations to Co-Chief
Operating Officer. Mr. Valdez will share the position of COO with Ramon
Davila, who is Guanajuato Silver's President. Mario Valdez is a mining
engineer and metallurgist with over 38 years of experience in Mexico's mining
industry. Prior to joining Guanajuato Silver, Mr. Valdez was the General
Manager of Grupo Frisco's San Francisco del Oro mine in Chihuahua. From 2009
to 2014, Mr. Valdez held various senior management roles with First Majestic;
notably, he was the General Manager of the La Parrilla silver mine in Durango,
and the General Manager at La Encantada silver mine in Coahuila; he ended his
tenure with First Majestic as the Vice President of Mexican Operations.

 

Commenting on Mario Valdez's appointment, Mr. Davila said, "At First Majestic,
Mario was instrumental in helping to build one of the mining industry's recent
genuine success stories. As we grow Guanajuato Silver into Mexico's next
mid-tier silver miner, our ability to expand production while optimizing mine
economics will be paramount; Mario is ideally suited to take our current
operations to the next level of growth."

 

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 Mines Complex, 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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