This year, we proudly celebrate 20 years of silver production at our Guanaceví mine! A huge milestone that reflects two decades of hard work, dedication, and shared success.

Since acquiring the mine in 2005, the Guanaceví mine has played a central role in our company's history and operations. Over the years, it has produced millions of ounces of high-grade silver, supported hundreds of jobs, and contributed meaningfully to the local economy and community in Durango, Mexico.

We owe this milestone to the people who have made it possible; our employees, contractors, and community partners in Guanaceví. Your skills, commitment, and resilience over the years have shaped not only the success of the mine, but also the values and culture that define who we are as a company.

Fun Fact about our Guanaceví mine, it's our only mine equipped with a furnace that produces doré bars on site. Doré bars are semi-pure alloy bars of silver (or gold), created directly from mined ore. They are the first step in the refining process before becoming investment-grade bullion. See the table below for the silver content % in our silver doré bars.

To mark this special occasion, our CEO, Dan Dickson, and COO, Don Gray, traveled to Guanaceví to join in the celebration. Their visit coincided with Mexico Miners Day, making it a meaningful moment to honor both the mine's 20-year anniversary and the proud profession of mining. It was a chance to personally thank the team, celebrate shared accomplishments, and reflect on everything this mine has achieved.

We celebrate the incredible success of Guaneceví as a cornerstone of our company. Since our acquisition, this mine has generated over one billion dollars in revenue, a testament to the hard work, skill, and commitment of everyone here.

Here's to 20 years at Guanaceví!