(Kitco News) - Guanajuato Silver Company (TSXV: GSVR) said today it is recommencing mining at the company's 100% owned Valenciana Mines Complex, located in Guanajuato, Mexico.
Furthermore, the company has confirmed that the planned restart of milling operations at the Cata processing facility is ahead of schedule and is expected to begin before year end.
“Mining of mineralized material has begun at the Valenciana Mines Complex (VMC); thus all of the mining assets acquired August 4 2022 - Topia, San Ignacio and VMC - are now in production,” it added.
The company also pointed out that it anticipates ending the year at a production run rate of approximately 3.4M AgEq ounces per annum. Production ramp-up is expected to continue at all operations through Q1 2023.
Chairman and CEO James Anderson commented, "With the recommencement of mining at Valenciana, we have successfully revitalized another past-producing silver mine within the Guanajuato Mining Camp where collectively more than 1.5 billion ounces of silver have been produced to date. We are extremely proud to be the owners and operators of this significant silver mine, and we are confident Valenciana will prove increasingly accretive for our shareholders."
GSilver is a precious metals producer engaged in reactivating past producing silver and gold mines near the city of Guanajuato, Mexico, which has an established 480-year mining history. The company has five mines and three processing facilities.
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