GR Silver Mining Ltd. Resumes Fieldwork at Plomosas Silver Project
VANCOUVER, BC, May 20, 2025 — GR Silver Mining Ltd. (“GR Silver Mining” or the “Company”) (TSXV: GRSL) (OTCQB: GRSLF) (FRANKFURT: GPE) announced the resumption of fieldwork, including drilling, at the Plomosas Silver Project located in Sinaloa, Mexico. This development comes after a temporary pause in operations, as reported in a news release on April 29, 2025.
The decision to halt fieldwork was precautionary, despite the absence of any incidents of violence or threats to the company’s properties, employees, or consultants. The pause was intended to allow time for the Government of Mexico to enhance security and stability in the region surrounding the project.
As of May 20, 2025, the company’s shares were trading at a close price of 0.145 CAD on the TSX Venture Exchange, reflecting a significant drop from the 52-week high of 0.295 CAD on October 22, 2024. The 52-week low was recorded at 0.095 CAD on April 29, 2025. The market capitalization of GR Silver Mining Ltd. stands at 46,420,000 CAD, with a price-to-earnings ratio of -1.39, indicating the company is not currently profitable.
The resumption of fieldwork at the Plomosas Silver Project is a positive step for GR Silver Mining Ltd., as it continues its efforts in the discovery of gold and silver deposits in Mexico. The company remains focused on advancing its exploration activities and contributing to the materials sector.
For further information, refer to the announcements made by various financial news sources, including StockWatch, Seeking Alpha, Newswire.ca, Finanzen.net, Minenportal.de, and OTCMarkets.com, all of which reported on the resumption of fieldwork on May 20, 2025.