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GR Silver Mining Drops 5% After Temporarily Pausing Plomosas Silver Project Field Work
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GR Silver Mining Drops 5% After Temporarily Pausing Plomosas Silver Project Field Work
May 25, 2025 8:52 PM

09:45 AM EDT, 04/29/2025 (MT Newswires) -- GR Silver Mining ( GRSLF ) fell 5% on Tuesday after temporarily pausing field work on the Plomosas Silver Project in Sinaloa, Mexico, to give the Mexican government time to increase security and stability in the area.

The company said work will resume when management considers it "prudent to do so." GR Silver's geologists and other staff will continue their work in the interim based out of the company's nearby office in El Rosario. Exploration work at the Rosario office will include continuous data modelling of the information collected to date.

GR Silver Mining ( GRSLF ) also added that it will continue third-party discussions to facilitate commencement of a Bulk Sampling Test Mining program at the permitted former Plomosas Mine and explore opportunities to achieve critical mass in the Mexican silver mining industry.

Shares of the company were last seen down $0.0075 at $0.1375 on the TSX Venture Exchange.

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