Guanajuato Silver Company Ltd. (TSX-V:GSVR) (OTCQX:GSVRF) is pleased to announce the accelerated partial repayment of the Company’s gold loan with Ocean Partners UK Ltd. The Company announces that it has repaid 1,580.4 ounces of gold, which represents one full year of payments. This repayment was made from cash on hand, and the Company’s obligations under the gold loan are now fully paid until May 2027. For clarity, the gold loan’s maturity date is April 2028 (See GSilver news release dated April 28, 2025).

James Anderson, Chairman and CEO, said, “We are pleased to have advantageously capitalized on both the recent decline in the gold price, and on an early repayment discount to significantly reduce the amount outstanding on our sole remaining debt facility. With our portfolio of five producing precious metals mines demonstrating rapidly improving economics within the new silver and gold pricing environment, the Company has ample liquidity to take advantage of the recent down-swing in gold prices to reduce our debt obligation.”

Since the inception of the gold loan, the Company has repaid to Ocean Partners 3,292.5 gold ounces, representing 46% of the original balance. There remains a total of 3,814.5 ounces of gold to be repaid under the facility; repayment will first be done in monthly installments of 131.7 gold ounces, recommencing in May 2027 for a period of 11 months, with monthly installments totalling 1,448.7 ounces; then at maturity in March 2028, a final bullet payment of 2,365.8 ounces would be owing. The Company intends to use any future weakness in the gold price to continue to aggressively reduce the amount of gold owing within the loan facility.

Brent Omland, CEO of Ocean Partners, added, “We have had a successful and mutually beneficial relationship with Guanajuato Silver for over five years; Moreover, we enthusiastically look forward to supporting their continued growth in the future.”