Guanajuato Silver Co Ltd - Vancouver-based precious metals producer, which has operations in Mexico - Draws down USD5.0 million from its new silver and gold pre-payment facility with Swiss-based precious metals trading firm, OCIM Metals & Mining SA. Says the proceeds will be used to pay off its previous OCIM prepayment facility in its totality, and for capital expenditures related to ramp-up activities at all four of the company's producing silver mines. The USD5.0 million agreement was signed on March 17.

Chair & Chief Executive James Anderson says: "Once again OCIM has shown a willingness to work with Guanajuato Silver to extend the timeline of our silver and gold payment obligations under previous agreements with them. This facility enables the Company to focus more capital, more swiftly, toward expanding production at all of our producing mines and continuing the trend of considerable quarter over quarter production growth".

Current stock price: 27.00 pence

12-month change: down 1.8%

By Sophie Rose, Alliance News reporter

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