Guanajuato Silver

[Peter89]

Let's open a thread about this company and hope for the best...

Guanajuato, Mexico
Gold and silver - more silver than gold
4 mines, 3 processing facilities
$60-70M market cap
3.4M AgEq in 2023

Website
Last presentation

 

[Peter89]

From their X account
Silver producers - 2023/Q4 silver production

 

[Peter89]

When I opened this thread I made very bad due diligence.
I didn't see their debt - which miners often don't show in their Presentations
What a rookie.
Guanajuato Silver was one of the worst performing stocks this year.
They can't be profitable with gold ATH and silver >$30
Taking on debt & dilution in order to be able to sell themselves as "the fastest growing silver producer in Mexico" wasn't a good move.
Imo

 

[pmbug]

The price for a good education is making mistakes.

 

[Peter89]

The price for a good education is making mistakes.

Well in this case the price for a good education was 3-4,000 €
: )

 

[pmbug]

Painful. I bet the lesson sticks.