- Press Release Guanajuato Silver (OTCQX:GSVRF): FY GAAP EPS of -$0.10.
- Revenues of $66.17 million (+79.4% y/y) is $11.09 million short.
- Consolidated revenues for the year were generated by an average realized price of $23.41 per ounce of silver, $1,947 per ounce of gold, $0.97 per pound of lead and $1.22 per pound of zinc.
- Record 2023 production of 3.5 million silver equivalent ounces, representing a 64% increase over 2022; total AgEq ounces are derived from 1,756,911 ounces of silver, 16,987 ounces of gold, 3,555,466 pounds of lead, and 3,868,262 pounds of zinc.
- 2023 saw average silver recoveries of 84.5% and average gold recoveries of 88.8%.
- Total tonnes mined increased 46% compared to 2022, reflecting continued increases in production at all four producing silver mines; total tons milled increased by 42% compared to the same period.
- As of December 31, 2023, the company had cash and cash equivalents of $1.96 million.
More information on Guanajuato Silver: