Commodities Company Employs 90 Percent Mexican Nationals, Says Others Should Follow Suit
New York, NY, October 2021 — Guanajuato Silver (GSilver) is a mining development company engaged in reactivating past producing silver and gold mines near Guanajuato, Mexico — a city with a long-established, 480-year mining history.
The company, led by CEO James Anderson, is focused on the refurbishment and swift re-commencement of production at its El Cubo mine and mill, and its nearby El Pinguico project, as well as the delineation of additional silver and gold resources through underground and surface drilling. Both projects are located within 11 km of Guanajuato.
Based in Canada, GSilver employs 97 percent Mexican nationals, and will mark the opening of the El Cubo mine with a ribbon cutting ceremony on November 1 in Guanajuato.
“We are very proud that Mexicans are leading and running this project and strongly believe in this fact that employing natives of the region will ensure our success and longevity in Guanajuato. We are the newest silver and gold producer in the market, and Mexico is responsible for 25 percent of all silver that is mined in the world, and we are excited about what’s to come. On a larger scale, foreign companies everywhere should maintain the practice of hiring those who live in the region. It is beneficial for everyone involved. It’s very unfair to give these jobs to people who are not from the area in which the company is based. We see this happening time and time again around the world, threatening those economies that need it the most,” says James Anderson, Guanajuato Silver Chairman and CEO.
The reopening of the El Cubo mine is planned for Q4 2021, and by spring 2022, production is projected to reach 50,000 ounces of silver per month.
Guanajuato Silver (formerly Vangold Mining Corp.) changed its name in June 2021 to reflect the region where the company is active and to identify the principal metal it will produce.
About James Anderson
James Anderson is the Chairman and CEO of Guanajuato Silver Company. His career began in the financial services industry with a successful 19 years as a retail broker, investment banker and manager with several Canadian investment firms. These included First Canada Capital Ltd., Research Capital Corp. and Majendie Securities Ltd., where he was instrumental in the financing of numerous small-cap public companies in the mining exploration and development industry. He then went on to have a career in mining exploration, serving as CEO of NuLegacy Gold Corp. from 2012 until April 2019. He is also currently a director of Orestone Mining Corp. He was born in the gold mining community of Timmins, Ontario, and is a graduate of the University of Alberta.