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Guanajuato Silver Closes Acquisition of Bolanitos Gold-Silver Mine
VANCOUVER, BC / ACCESS Newswire / January 15, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexico-based precious metals producer, is pleased to announce the closing of the previously announced ...
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"VANCOUVER, BC / ACCESS Newswire / January 15, 2026 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF), a growing Mexico-based precious metals producer, is pleased to announce the closing of the previously announced acquisition of the Bolanitos gold-silver mine ("Bolanitos") located in Guanajuato, Mexico, from Endeavour Silver Corp. ("Endeavour")(TSX:EDR) (See GSilver news release dated November 24, 2025 - Guanajuato Silver to Acquire Bolanitos Gold-Silver Mine in Mexico).","length":552,"tagName":"p"},{"type":"text","content":"Bolanitos is the Company's fifth producing precious metals mine in Mexico. Located adjacent to Guanajuato Silver's San Ignacio mine, the 1,600 tonnes per day Bolanitos flotation plant is currently under-utilized and has significant capacity for increased throughput and production. Bolanitos is a gold mine and silver mine which will further enhance the Company's position as a growing precious metals producer in Mexico.","length":433,"tagName":"p"},{"type":"text","content":"James Anderson, Chairman & CEO, said, "With the prompt closing of the acquisition, Guanajuato Silver shareholders can now look forward to almost a full calendar year of precious metals production from the Bolanitos mine. We also look forward to working toward the full integration of Bolanitos into our growing portfolio of producing Mexican mining assets."","length":371,"tagName":"p"},{"type":"text","content":"Guanajuato Silver has acquired Bolanitos for total consideration of up to US$50 million (the "Transaction"), consisting of (i) upfront consideration of US$40 million which was paid on closing and (ii) contingent consideration of US$10 million (See Transaction details below).","length":285,"tagName":"p"},{"type":"text","content":"Rick Trotman, Senior Vice President: Mining Operations. added, "Bolanitos represents a significant opportunity to restructure our Guanajuato district hub-and-spoke processing model for peak economics. Material mined at San Ignacio during the first few days of January has already been stockpiled, ready to be transported the short distance to the Bolanitos plant in preparation for the blending of material designed to optimize both throughput and recoveries."","length":470,"tagName":"p"},{"typ...