Guanajuato Silver Sees Fifth Quarter With Positive Income

Canada-based company Guanajuato Silver marked its fifth consecutive quarter of positive mine operating income and positive adjusted EBITDA.

For 2Q25, Guanajuato Silver reported mine operating income of US$3.38 million and adjusted EBITDA of US$1.89 million. For 1H25, mine operating income totaled US$8.2 million. The company also noted a 56% improvement in its working capital deficiency during 1H25, reducing it from a deficit of US$15.4 million to US$6.7 million.

Production for the quarter from its four mines in Mexico totaled 659,237oz AgEq. This consisted of 321,990oz of silver, 2,913oz of gold, 683,163lb of lead, and 853,646lb of zinc. The average realized silver price for the quarter was US$33.58/oz. "Guanajuato Silver's operations in Mexico continue to generate positive quarterly mine operating income and positive EBITDA. Our mines are generating operating income, and we remain highly leveraged to the price of silver and gold. Our team has done a great job of rejuvenating a portfolio of producing assets over a very short period; moving into the second half of the year, grade will be king,” says James Anderson, CEO and Chair, Guanajuato Silver.

Rick Trotman, Senior Vice President, Guanajuato Silver, adds that the company will be emphasizing grade over ton, and margin over total oz, as the company establishes a future-focused mining culture centered on discipline and growth.