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Guanajuato Silver gets concentrate agreement

Guanajuato Silver has signed a silver and gold concentrate sales agreement with the UK's Ocean Partners which will see the financial institution provide prepayment financing facility of US$1.5 million against the proceeds of concentrate sales.

Paul Harris
Guanajuato Silver's El Cubo plant in Guanajuato, Mexico

Guanajuato Silver's El Cubo plant in Guanajuato, Mexico

This facility will bear interest at 12-month libor plus 6.75% for a total rate of about 6.95% annually to be repaid in 15 monthly instalments after a three-month grace period. The sales agreement is...

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