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Bolañitos acquisition links vein systems for Guanajuato Silver

Guanajuato Silver (TSXV: GSVR) is expanding production in Mexico’s historic Guanajuato mining district after completing the $50 million acquisition of the Bolañitos gold-silver mine and 1,600 tpd processing plant from Endeavour Silver, which closed Jan. 15, 2026. Speaking with Kitco Mining at PDAC 2026 in Toronto, CEO James Anderson said the deal creates immediate operational synergies with the company’s nearby San Ignacio mine. “Our San Ignacio mine is immediately adjacent to Bolañitos,” Anderson said. “These mines are the same structures, the same vein systems that run through our claims.” The company has already begun processing San Ignacio material at the Bolañitos plant, reducing haulage distances from about 30 km to roughly 2 km while working to increase throughput toward the plant’s 1,600 tonne-per-day capacity. Anderson said Guanajuato Silver has acquired and restarted five silver and gold mines over the past five years as it continues consolidating the 450-year-old Guanajuato mining district.

Guests: James Anderson
Source: Kitco Mining
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