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Sierra Madre Gold And Silver Ltd

SM

Sierra Madre Gold and Silver Ltd., a mineral exploration company, engages in the acquisition, exploration, and development of resource properties. It holds an interest in the Tepic silver-gold property comprising five mining concessions covering an area of 2,612.5 hectares located to the south-southeast from the city of Tepic, Nayarit; and the La Tigra gold-silver property that consists of seven mining concessions covering an area of 357 hectares located in the State of Nayarit, Mexico. The company is based in West Vancouver, Canada.

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Information

Key Information

Legal Entity

Sierra Madre Gold And Silver Ltd

Sector

Precious Metal

Founded

April 19, 2021

Reporting Currency

CAD

Contact Phone

604 765 1604

Headquarters Address

1455 Bellevue Avenue , West Vancouver , BC V7T 1C3 , CA

Identifiers

Commodity Portfolio

AG Silver Primary
AU Gold Secondary

Stock Exchanges

SM TSXV • CAD
SM:CVE
SMDRF OTC • USD
SMDRF:OTCMKTS

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Videos

Sierra Madre Gold and Silver – Ramp Up To 720tpd At The La Guitarra Complex & Exploration Strategy

Sierra Madre Gold and Silver – Ramp Up To 720tpd At The La Guitarra Complex & Exploration Strategy

The KE Report
7 days ago 16:58

Key Highlights

detailed
  • The CEO says La Guitarra reached 720 tonnes per day in late September, up about 40% from the prior 500 tpd nameplate, as phase one of a two-phase plant expansion.
  • The company targets 1,200-1,500 tpd by around this time next year, with a 900-tpd ball mill already installed and the dry stack tailings facility - groundwork now started - as the key remaining piece for the full increase.
  • Management expects costs to fall by about $5 per quarter over the next four to five quarters as extra development spending, rental charges, and overstaffing roll off and grades improve.
  • About 60,000 meters of drilling is planned across two projects: a 30,000 m program at the La Guitarra East District set to begin by the end of October, targeting up to 40 veins, with Del Toro's parallel 30,000 m program possibly pulled forward from next summer to this spring.
  • As of the last quarter the company held about $25 million in working capital with positive cash flow, which the CEO says is enough to fund the planned expansions and both drill programs, against a current resource of roughly 47 million ounces of silver.

Phase 1 expansion lifted La Guitarra throughput over 40% to 720 tonnes per day (tpd — ore milled daily), with 1,500 tpd targeted by next year. Management expects costs to drop about $5 per quarter for the next four to five quarters as development charges roll off and grades rise. A 30,000-metre drill program across the La Guitarra East District targets up to 40 veins in mines untested by modern drilling since the late 1930s. The Del Toro acquisition adds a past-producing, fully permitted complex with a 3,000 tpd plant, plus a parallel 30,000-metre drill program from next year. About $25 million in working capital and positive cash flow fund the expansion and 60,000 metres of planned drilling across the two projects.

Sierra Madre Gold & Silver – Q2 Operations, Financial, Exploration Update At La Guitarra & Del Toro

Sierra Madre Gold & Silver – Q2 Operations, Financial, Exploration Update At La Guitarra & Del Toro

The KE Report
about 1 month ago 21:13

Key Highlights

detailed
  • The CEO argues Q2 throughput reached 672 tons per day at La Guitarra (about a 34% jump) and that a larger ball mill, due online by end of September, should push capacity to 1,400-1,500 tons per day.
  • All-in sustaining cost rose to $5,473 in Q2 2026 from $3,254 a year earlier, with the CEO attributing roughly 15% to FX, about $10/oz to extra underground development work, and lower-grade development ore blended into the mill feed.
  • The company paid off its $4.5 million First Majestic loan more than a year ahead of a three-year term and ended Q2 with about $25 million in cash and no debt on the books.
  • At Del Toro, the CEO frames the acquired 3,000 ton-per-day Zacatecas facility as a long-dated growth asset, with 20,000-30,000m of exploration drilling planned for mid-2027 and notable copper skarn and manto potential alongside mid-sulfidation veins.
  • A custom drill rig with kilometer-long holes targeting up to 30,000m at La Guitarra is set to begin in early Q4 2026, which the CEO calls a major catalyst for both geological information and a possible market rerating.

Daily throughput at La Guitarra climbed 34% to 672 tpd, with a new ball mill set to push capacity to roughly 1,400-1,500 tpd. Q2 AISC (All-In Sustaining Cost — what it really costs to produce an ounce) jumped to $5,473 from $3,254 on FX, development, and lower-grade ore. Sierra Madre plans a year of mapping at Del Toro's three past-producing mines and 3,000 tpd mill before any restart decision. Phase 1 drilling at La Guitarra begins early Q4 with 13 long holes; Del Toro drilling is slated for mid-2027 — roughly 60,000m combined. Repayment of the First Majestic Silver term loan leaves Sierra Madre with $22.2M cash and $25M working capital and no funded debt.

Sierra Madre Gold & Silver – Q1 Operations/Financials/Expansion At La Guitarra and Del Toro Strategy

Sierra Madre Gold & Silver – Q1 Operations/Financials/Expansion At La Guitarra and Del Toro Strategy

The KE Report
4 months ago

Key Highlights

detailed
  • The guest reports Q1 2026 adjusted EBITDA of $2.8 million, up $1.3 million from a year earlier, as high silver prices lifted revenue and sales.
  • Phase one of the La Guitarra mill expansion is close to complete, with the cone crusher finished and the ball mill being installed, lifting throughput from 500 toward 750-800 tonnes per day.
  • Q1 cash costs of just over $42 per silver-equivalent ounce included about $10 of catch-up development and $5 of rental equipment, which the guest expects to come down as development catches up and throughput rises.
  • The company closed the Del Toro acquisition in June 2026, adding a 3,000-tonne-per-day plant, and the guest estimates a restart would take about a year and roughly $10 million, likely starting at 800 tonnes per day.
  • Drilling is set to scale up in the second half of 2026: the announced 20,000-metre La Guitarra campaign is likely to rise to 30,000 metres, with about 30,000 metres to start at Del Toro and a combined 60,000-80,000 metres possible.

Sierra Madre's Q1 2026 adjusted EBITDA reached $2.8 million on higher silver prices, but cash costs of $42.55 per silver-equivalent ounce stay elevated during ramp-up. Roughly $15 of that cost is temporary: about $10 for catch-up mine development and $5 for rental equipment, both set to fall. Phase one of the La Guitarra mill expansion lifts throughput to 750-800 tonnes per day, with phase two targeting 1,200-1,500 tpd by Q3 2027. The Del Toro acquisition from First Majestic closed, adding three mines and a 3,000 tpd plant, with 60,000-80,000 metres of combined drilling planned. The guest argues high costs partly reflect mining lower-grade, off-resource ore while prices are strong, with better grades returning once full sequencing resumes.

Rick Bensingor & Dan Steffens - Is Gold Ready to Explode? Plus, Top Oil Stock Picks

Rick Bensingor & Dan Steffens - Is Gold Ready to Explode? Plus, Top Oil Stock Picks

The KE Report
5 months ago

Rick Bensignor maintains a structurally bullish long-term outlook on gold due to currency devaluation but warns of a near-term correction driven by a potential US dollar short-squeeze. Dan Steffens highlights a structural supply-demand squeeze in the oil market, noting staggering SPR drawdowns and recommending unhedged North American producers. Technical charts indicate global interest rates have bottomed, physical oil risks skew heavily to the upside, and the US equity market is flashing exhaustion signals.

Alexander Langer & Peter Krauth discuss Sierra Madre Gold & Silver at the May Metals Investor Forum

Alexander Langer & Peter Krauth discuss Sierra Madre Gold & Silver at the May Metals Investor Forum

Metals Investor Forum
5 months ago

Sierra Madre Gold and Silver is actively expanding the Guitarra Mine in Mexico, which restarted commercial production in January 2025 with a 500 tpd capacity. The company is advancing the Tepic Gold-Silver Project in Nayarit, which features low-sulphidation epithermal mineralization with an existing historic resource. Management team possesses extensive mine development and exploration experience, having collectively raised over $1 billion for mining companies.

Alexander Langer of Sierra Madre Gold & Silver presents at Metals Investor Forum in Vancouver

Alexander Langer of Sierra Madre Gold & Silver presents at Metals Investor Forum in Vancouver

Metals Investor Forum
5 months ago

Alexander Langer, CEO of Sierra Madre Gold & Silver, presents a corporate update at the Metals Investor Forum in Vancouver. The forum highlights companies vetted by newsletter writers for possessing excellent management, strong financials, and promising properties. Investors are offered exclusive, direct access to assess junior mining management teams by asking critical face-to-face questions.

Sierra Madre Gold & Silver – FY 2025 Operations & Financials At La Guitarra - 80,000m Drill Program

Sierra Madre Gold & Silver – FY 2025 Operations & Financials At La Guitarra - 80,000m Drill Program

The KE Report
5 months ago

Sierra Madre generated strong 2025 financials with $8.13M net income, $6.03M Adjusted EBITDA, and ended the year with a robust $17.3M cash position. The company is executing a two-phase expansion at La Guitarra, aiming to triple mill capacity to 1,500 tpd by Q3 2027 to significantly boost production. An aggressive 80,000m drill program is planned across two districts, aimed at extending mine life following the transformative Del Toro acquisition.

Sierra Madre Gold and Silver– La Guitarra Production Expansion, Exploration Strategy At All Projects

Sierra Madre Gold and Silver– La Guitarra Production Expansion, Exploration Strategy At All Projects

The KE Report
8 months ago

Sierra Madre Gold and Silver is expanding production at La Guitarra mine, targeting increased throughput and operational efficiencies. Management outlines exploration strategy across multiple projects to grow resource base and extend mine life. Discussion covers capital allocation priorities, timeline for production scaling, and key operational milestones for investors.

Dana Lyons & Dan Steffens - Was This Week A Top In Gold & Silver? Is The Play Now Oil and Nat Gas?

Dana Lyons & Dan Steffens - Was This Week A Top In Gold & Silver? Is The Play Now Oil and Nat Gas?

The KE Report
9 months ago

Silver volume surged 1000% on a reversal day — Dana Lyons flags that as a classic blow-off warning near a short-term top. Dan Steffens sees a structural natural-gas bull case from winter freeze-offs, deep storage deficits, and rising LNG export demand. Dividend-paying Canadian energy producers offering 6-8% yields are Steffens' preferred way to play an oil tape stuck near $60. Junior miners lagging metals price action is a rotation risk worth watching if precious-metals momentum fades. Permian gas growth is throttled by pipeline takeaway, keeping Gulf Coast-focused gas producers best-positioned for 2026.

Articles

Sierra Madre hits 720 tpd at La Guitarra and lines up 60,000 metres of drilling across two projects

CEO Alex Langer says Sierra Madre's La Guitarra complex is running at 720 tonnes per day, up more than 40% from the prior 500 tpd nameplate, with a path toward 1,500 tpd within a year. Management guides costs down about $5 per quarter and has roughly 60,000 metres of drilling coming at La Guitarra and the newly acquired Del Toro complex.

7 days ago
Sierra Madre Gold and Silver – Ramp Up To 720tpd At The La Guitarra Complex & Exploration Strategy
Read article

Sierra Madre: Q1 Revenue Gains, a Cash-Cost Fix in Progress, and a Drill-First Del Toro Plan

Sierra Madre's Q1 2026 revenue more than doubled year over year at La Guitarra, but cash costs of $42.55 per silver-equivalent ounce drew the hardest questions. CEO Alex Langer says development catch-up and equipment rentals explain the premium, points to a two-phase mill expansion toward 1,200-1,500 tpd, and lays out a roughly $10 million, drill-first path to restarting the newly acquired Del Toro complex.

4 months ago
Sierra Madre Gold & Silver – Q1 Operations/Financials/Expansion At La Guitarra and Del Toro Strategy
Read article

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