Guanajuato Silver Company Ltd. announced the complete repayment of the USD 5,000,000 concentrate pre-payment facility owed to Ocean Partners UK Limited, a metal off-take and trading firm. Guanajuato Silver now has two loans outstanding. The first loan is a USD 5,000,000 silver and gold pre-payment facility with Swiss-based precious metals trading firm OCIM Metals & Mining S.A. the remaining balance of approximately USD 3.2 Million is scheduled to be repaid in full by September, 2024.

Guanajuato Silver's second outstanding loan is the recently announced gold loan credit facility with Ocean Partners; the Expanded Facility has a term of 30 months with payments commencing in June 2024.