Guanajuato Silver Experiences Strong Financial Performance in Q4 2024

Guanajuato Silver Company Ltd. has announced robust financial results for Q4 2024, marking the third consecutive quarter of positive mine operating income. The company's positive mine operating income reached $2.66 million, a substantial 416% improvement over the prior quarter. EBITDA grew by 587% to $2.26 million, while adjusted EBITDA rose by 96% to $1.75 million during the same period.

GSilver's revenue for the quarter came to $19.04 million, representing a 4% increase from Q3 2024 and a 15% jump compared to Q4 2023. Silver equivalent production was 730,485 ounces, comprising mainly silver, gold, lead, and zinc. Operating costs slightly increased, with cash costs at $19.84 per AgEq ounce, representing a 6% rise, and AISC* at $24.98 per ounce, up by 5% from the previous quarter.

CEO James Anderson highlighted the positive trajectory and profitability established through capital investments over the past year. These investments, along with higher precious metal prices, enabled the company to retire two debt facilities in 2024.