Business
Guanajuato Silver Delivers Record Revenue and Record Net Income in Q1, 2026
Cash and short-term investments totaled US$30.5M at quarter end. VANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Guanajuato Silver Company Ltd. (the
About this update from Guanajuato Silver Company Ltd.
[{"type":"text","content":"\n \nCash and short-term investments totaled US$30.5M at quarter end.\nVANCOUVER, BC / ACCESS Newswire / May 27, 2026 / Guanajuato Silver Company Ltd. (the \"Company\" or \"GSilver\") (TSXV:GSVR) (OTCQX:GSVRF) is pleased to announce financial information and production results for the three months ended March 31, 2026. The Company's condensed consolidated interim financial statements for the first quarter ended March 31, 2026, and Management's Discussion and Analysis (\"MD&A\") thereon can be viewed under the Company's profile at www.sedarplus.ca. All dollar amounts are in US dollars (US$) and prepared in accordance with IFRS Accounting Standards (\"IFRS\") as issued by the International Accounting Standards Board. Production results are from the Company's five wholly owned precious metals mines, namely the El Cubo Mines Complex (\"El Cubo\"), Valenciana Mines Complex (\"VMC\"), the San Ignacio Mine (\"San Ignacio\"), and the Bolanitos Mine (\"Bolanitos\") located in Guanajuato, Mexico, and the Topia Mine (\"Topia\") located in Durango, Mexico.\nSelected Q1 2026 Highlights\n\n\nRecord Revenue of $43.1M represents an increase of 89% over the previous quarter, when revenue totalled $22.7M. Over 97% of revenue in Q1 was derived from silver and gold sales, highlighting Guanajuato Silver's position as a true precious metals producer.\n\n\nRecord Earnings Before Interest, Taxes, Depreciation and Amortization* (\"EBITDA\") of positive $13.1M, demonstrating a dramatic reversal from Q4, 2025 EBITDA of negative $21.8M.\n\n\nRecord Net Income of $5.7M, demonstrating the impact of improved mine operations in conjunction with rising silver and gold prices.\n\n\nRecord Mine Operating Income of $14.3M represents a 252% increase over the previous quarter. In Q4, 2025, the Company generated $4.0M in Mine Operating Income.\n\n\nGold production of 4,295 ounces represents a 104% increase over the previous quarter. In Q4, 2025 the Company produced 2,110 ounces of gold. The sizable increase in gold production over the quarter was largely due to the addition of production from the gold-rich Bolanitos Mine, which was acquired in January of 2026.\n\n\nSilver production of 339,104 ounces for the quarter represents a 15% increase over the previous quarter. In Q4, 2025, the Company produced 295,836 silver ounces. Silver production generated 58% of tota...