Guanajuato Silver Achieves Record Results in Q1 2026

Guanajuato Silver Company Ltd. reported a strong start to 2026, achieving record revenue and net income in Q1. The company announced a substantial increase in revenue, reaching $43.1 million, an 89% rise from the previous quarter. Over 97% of this revenue came from silver and gold sales, reinforcing its status as a prominent precious metals producer.

The company's EBITDA reversed dramatically, going from negative $21.8M in Q4 2025 to a positive $13.1M in the first quarter of 2026. Net income came in at a record $5.7M, attributed to enhanced mining operations and favorable metal prices.

Gold and silver production also saw significant increases, with gold output more than doubling partly due to production from the newly acquired Bolanitos Mine. The company closed the quarter with $30.5M in cash and short-term investments after acquiring Minera Bolanitos S.A de C.V.