Business
Guanajuato Silver Announces Year-End and Q4 2025 Results
Cash and cash equivalents totaled $41.5M at the end of the quarter. VANCOUVER, BC / ACCESS Newswire / April 29, 2026 / Guanajuato Silver Company Ltd. (the

About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":" Cash and cash equivalents totaled $41.5M at the end of the quarter. VANCOUVER, BC / ACCESS Newswire / April 29, 2026 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR) (OTCQX:GSVRF) is pleased to announce financial information and production results for the three and twelve months ended December 31, 2025. The Company's consolidated financial statements for the year ended December 31, 2025, and Management's Discussion and Analysis (\"MD&A\") thereon can be viewed under the Company's profile at www.sedarplus.ca. All dollar amounts are in US dollars (US$) and prepared in accordance with IFRS Accounting Standards (\"IFRS\") as issued by the International Accounting Standards Board. Production results are from the Company's wholly owned El Cubo Mines Complex (\"El Cubo\"), Valenciana Mines Complex (\"VMC\"), and the San Ignacio Mine (\"San Ignacio\") located in Guanajuato, Mexico, and the Topia Mine (\"Topia\") located in Durango, Mexico. Selected Q4 2025 Highlights Mine Operating Income of $4.0M represented a 375% increase over Q3; Working Capital* of $14.2M vs $5.4M, represented a 163% increase over the previous quarter. Revenue increased by 40% to $22.7M in Q4 from $16.3M in Q3, 2025. Production during Q4 was 295,836 ounces of silver (an increase of 21% over the previous quarter), 2,110 ounces of gold (an increase of 4% over the previous quarter), 807,449 pounds of lead (an increase of 35% over the previous quarter), and 875,798 pounds of zinc (an increase of 18% over the previous quarter). Grades of Silver and Gold were 37% and 15% higher respectively, showing a continued trajectory toward higher quality ounces. Silver represented 64% of total revenue; with 94% of revenue in Q4 derived from silver and gold sales, Guanajuato Silver remains a genuine precious metals producer with outsized leverage to the silver price. Realized prices were $55.54 for silver and $4,161.94 for gold in Q4. Cash and cash equivalents totaled $41.5M at the end of the quarter, of which $2M was categorized as restricted cash. James Anderson, CEO & Chairman, said, \"The fourth quarter saw notable production increases across all metals produced; output for silver, gold, zinc and lead were all higher, reflecting the impact of improving mine development and better operational discipline. For Q4 2025, revenue was up by 40%, an...