Generated from the day's market reporting and GoldPrice.Live's own price data, under Rick Adams' editorial guidelines. Sources are linked. Not investment advice.
Guanajuato Silver has finished a 267m underground production ramp that links the San Ignacio mine directly into the Bolañitos processing complex in Guanajuato. The company says the link will cut haulage distances, speed cycle times and improve ventilation across the connected workings.
Construction on the 4m by 4.5m ramp began in May 2026 and the drive broke through to the Lucero area on 30 September 2026, ahead of schedule. The tunnel provides direct access to Bolañitos' central plant, lets the operator use larger haulage equipment and includes a loading pocket at San Ignacio to reduce surface transfers.
During development the ramp intersected extensions of the Cecilia vein system. Reported sampling highlights included a 3.25m intercept grading 6.02g/t gold and 145g/t silver on the Cecilia #4 vein, and 1.3m at 2.68g/t gold and 15g/t silver on Cecilia #3. Guanajuato Silver has started a targeted drilling programme to test whether those intersections add to resources. The company also plans a combined geological model, updated resources and reserves, a property-wide exploration plan, 2027 mine forecasts and a new life-of-mine model.
The company frames the ramp as an operational optimisation: lower diesel consumption, fewer surface transfers, less road maintenance and faster material cycles. Management says the connection will "increase ventilation at San Ignacio", and it describes the work as an initial milestone in fully integrating San Ignacio into Bolañitos' footprint. If drilling converts the sampled veins into mineable tonnes, the tunnel could feed extra material to the central mill without building a second processing plant.
Source: Mexicobusiness
