In This Article:
VANCOUVER, BC / ACCESSWIRE / October 23, 2024 / Guanajuato Silver Company Ltd. (the "Company" or "GSilver") (TSXV:GSVR)(OTCQX:GSVRF) regrets to report that an employee fatality occurred on Tuesday, October 22, due to an accident at the San Ignacio mine in Guanajuato, Mexico.
In response to the incident, the Company has temporarily suspended operations in the immediate area of the accident as it cooperates with the appropriate Mexican authorities. The conclusions from this investigation may guide additional safety protocols to reduce the possibility of a similar recurrence. Guanajuato Silver remains steadfast in its commitment to the health and safety of its workforce, contractors, and local communities.
Carlos Silva, Chief Operating Officer of Guanajuato Silver, stated, "As a company, we are fully engaged in supporting those affected while working diligently with officials to understand the specifics of what occurred. Our thoughts and deepest sympathies are with the family and loved ones during this challenging time."
ON BEHALF OF THE BOARD OF DIRECTORS
"James Anderson"
Chairman and CEO
For further information regarding Guanajuato Silver Company Ltd., please contact:
JJ Jennex, Gerente de Comunicaciones, T: 604 723 1433
E: jjj@GSilver.com
Gsilver.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking statements and information, which relate to future events or future performance including, but not limited to the duration of any shut down, implementation of additional safety measures and results of any investigation.
Such forward-looking statements and information reflect management's current beliefs and expectations and are based on information currently available to and assumptions made by the Company; which assumptions, while considered reasonable by the Company, are inherently subject to significant operational, business, economic and regulatory uncertainties and contingencies. These assumptions include: the investigation by Mexican authorities does not require any or a prolonged shut down of the San Ignacio mine, our estimates of mineralized material at El Cubo and San Ignacio and the assumptions upon which they are based, including geotechnical and metallurgical characteristics of rock conforming to sampled results and metallurgical performance; available tonnage of mineralized material to be mined and processed; resource grades and recoveries; assumptions and discount rates being appropriately applied to production estimates; the ability of the Company to ramp up processing of mineralized material at its El Cubo Cata and Topia mills at the projected rates and source sufficient high grade mineralized material to fill such processing capacity; prices for silver, gold and other metals remaining as estimated; currency exchange rates remaining as estimated; improved efficiencies and benefits to be derived from the Company's development and operational activities being achieved as anticipated; the continued availability of funds for the Company's projects and to satisfy current liabilities and obligations including debt repayments; capital cost estimates; decommissioning and reclamation estimates; prices for energy inputs, labour, materials, supplies and services (including transportation) and inflation rates remaining as estimated; no labour-related disruptions; no unplanned delays or interruptions in scheduled construction and production; all necessary permits, licenses and regulatory approvals are received in a timely manner; and the ability to comply with environmental, health and safety laws. The foregoing list of assumptions is not exhaustive.