GGCRF Silvermex Resources Inc (.45) Core asset is the producing La Guitarra silver-gold property located in the Temascaltepec Mining District of Mexico. During extensive mine redevelopment in 2011, the Company processed 81,153 tonnes of material and recovered 437,953 ounces of silver and 4,293 ounces of gold.
At the current rate of 320 tpd it is expected that the La Guitarra Mine will produce approximately 800,000 oz of silver equivalent per year.
Silvermex starts 2012 in a strong financial position with cash of $18 million, positive working capital and no debt.
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