Guanajuato Silver Co Ltd. Accelerates Gold Loan Repayment
Date: 14 May 2026Source: www.finanznachrichten.de , ceo.ca
Guanajuato Silver Co Ltd. (TSXV:GSVR, OTCQX:GSVRF) announced a significant reduction in its gold loan obligation with Ocean Partners UK Ltd. The company has paid back 1,580.4 ounces of gold, which represents one full year of scheduled payments. This partial repayment was funded from the company’s cash on hand.
Loan Status and Future Repayment Schedule
| Item | Details |
|---|---|
| Original loan balance | 3,292.5 ounces (repaid to date) |
| Outstanding balance after this repayment | 3,814.5 ounces |
| Monthly installment (starting May 2027) | 131.7 ounces |
| Period for monthly installments | 11 months (total 1,448.7 ounces) |
| Final bullet payment at maturity (March 2028) | 2,365.8 ounces |
| Current maturity date | April 2028 |
| Loan fully paid through May 2027 | Yes |
The company stated that it plans to continue leveraging any future decline in gold prices to further reduce the outstanding balance. The loan’s maturity date is now effectively May 2027, as all obligations up to that date have been satisfied.
Management Commentary
James Anderson, Chairman and CEO, said:
“We are pleased to have advantageously capitalized on both the recent decline in the gold price, and on an early repayment discount to significantly reduce the amount outstanding on our sole remaining debt facility. With our portfolio of five producing precious‑metal mines demonstrating rapidly improving economics within the new silver and gold pricing environment, the Company has ample liquidity to take advantage of the recent down‑swing in gold prices to reduce our debt obligation.”
Ocean Partners’ CEO, Brent Omland, added:
“We have had a successful and mutually beneficial relationship with Guanajuato Silver for over five years; moreover, we enthusiastically look forward to supporting their continued growth in the future.”
Financial Context
- Market capitalization: 506 541 856 CAD
- Close price (14 May 2026): 0.61 CAD
- 52‑week high (25 Jan 2026): 1.15 CAD
- 52‑week low (21 May 2025): 0.16 CAD
The company’s liquidity position, combined with the recent reduction in debt, positions it to continue investing in its mining operations and to capitalize on favorable market conditions for silver and gold.
Forward‑Looking Statements
The release contains forward‑looking statements concerning the company’s growth, mine economics, liquidity, and future repayment strategy. These statements are based on current management beliefs and assumptions that are subject to operational, business, economic, and regulatory uncertainties.
Contact Information
For further details, contact:
- JJ Jennex, Communications Manager Phone: 604 723 1433 Email: jjj@GSilver.com Website: www.gsilver.com
