Guanajuato Silver Accelerates Gold Loan Repayment

Executive Summary

• Guanajuato Silver Company Ltd. (GSilver) has completed an accelerated partial repayment of its gold loan with Ocean Partners UK Ltd.
• The company repaid 1,580.4 ounces of gold using cash on hand, effectively covering one full year of payments.
• Following this repayment, the company's obligations under the gold loan are fully paid until May 2027.

Key Details

• Repayment Amount: 1,580.4 ounces of gold.
• Total Repaid to Date: 3,292.5 gold ounces, representing 46% of the original loan balance.
• Remaining Balance: 3,814.5 ounces of gold.
• Future Repayment Schedule:
  • Monthly installments of 131.7 gold ounces starting in May 2027 for an 11-month period (totaling 1,448.7 ounces).
  • A final bullet payment of 2,365.8 ounces due at maturity in March 2028.
• Loan Maturity Date: April 2028.

Notable Quotes

James Anderson, Chairman and CEO: "We are pleased to have advantageously capitalized on both the recent decline in the gold price, and on an early repayment discount to significantly reduce the amount outstanding on our sole remaining debt facility. With our portfolio of five producing precious metals mines demonstrating rapidly improving economics within the new silver and gold pricing environment, the Company has ample liquidity to take advantage of the recent down-swing in gold prices to reduce our debt obligation."