Guanajuato Silver Moves to Fill 1,600 tpd Bolañitos Mill | Anderson

Guanajuato Silver (TSXV: GSVR) is expanding production in Mexico’s historic Guanajuato mining district after completing the $50 million acquisition of the Bolañitos gold-silver mine and 1,600 tpd processing plant from Endeavour Silver, which closed Jan. 15, 2026. Speaking with Kitco Mining at PDAC 2026 in Toronto, CEO James Anderson said the purchase creates immediate operational synergies with the company’s nearby San Ignacio mine.“Our San Ignacio mine is immediately adjacent to Bolañitos,” Anderson said. “These mines are the same structures, the same vein systems that run through our claims.”The company has already begun processing San Ignacio material at the Bolañitos plant, reducing haulage distances from about 30 km to roughly 2 km and improving operating efficiency as Guanajuato works toward filling the plant’s 1,600 tonne-per-day capacity. Anderson said the company has acquired and restarted five silver and gold mines over the past five years as it continues consolidating the 450-year-old Guanajuato mining district.Don’t forget to subscribe to the Kitco Mining & Kitco News YouTube channels to stay up to date on the latest industry news and interviews. To learn more about Guanajuato Silver, visit: https://www.gsilver.com/00:22 - Guanajuato Silver Origin Story and District Strategy01:08 - Bolañitos Acquisition and San Ignacio Synergies03:46 - Bolañitos Integration and Operating Cost Impacts05:22 - Consolidating the Guanajuato Mining District06:58 - Fill-the-Mill Strategy and Plant Capacity07:50 - Pinguico Mine Restart Plan08:44 - Silver Price Leverage and Profitability Outlook10:37 - Balance Sheet, Treasury, and Credit Facility11:43 - Stock Performance, Warrants, and Share Overhang13:27 - Security Risks for Mining in Mexico14:29 - 2026 Growth Catalysts and Strategy__________________________________________________________________Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices.Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.comStay connected with usX - https://x.com/KitcoMiningInstagram - https://www.instagram.com/kitcominingLinkedIn - https://www.linkedin.com/company/kitco-miningFacebook - https://www.facebook.com/KitcoMiningConnect with the Kitco Mining anchorsPaul Harris - https://x.com/paulharrisgold For more in-depth mining coverage, visit us here - https://www.kitco.com/miningDisclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.