on Guanajuato Silver Company Ltd. (NASDAQ:GSVRF)
Guanajuato Silver Repays Gold Loan Ahead of Schedule
Guanajuato Silver Company Ltd. has announced the accelerated partial repayment of its gold loan with Ocean Partners UK Ltd. The company successfully repaid 1,580.4 ounces of gold, covering a full year's payments, using cash on hand. This move extends its obligations to May 2027, ahead of the loan's maturity in April 2028.
Chairman and CEO James Anderson highlighted the advantages of recent gold price declines and an early repayment discount in reducing the debt. Currently, 46% of the original loan balance has been repaid. The company plans to use further gold price weakness to accelerate repayments before the March 2028 deadline.
Ocean Partners' CEO Brent Omland noted the fruitful and supportive five-year relationship with Guanajuato Silver, expressing eagerness to support future growth.
R. E.
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