Sierra Madre Gol Stock Price, News & Analysis

Sierra Madre (OTC:SMDRF) closed the first tranche of a brokered private placement on January 14, 2026, issuing 30,521,724 subscription receipts at $1.30 each for gross proceeds of $39,678,241.20. $38,568,280.26 was placed into escrow after deducting 50% of the Agents' fee and certain expenses. The company paid an Agents' fee of $2,032,276.06 and issued 1,562,366 compensation options exercisable at $1.30 for 24 months. Interested parties subscribed for 219,250 receipts totaling $285,025. Escrowed funds will be released on satisfaction of acquisition-related escrow release conditions, or returned if conditions are not met by 5:00 p.m. Toronto time on May 14, 2026. Securities carry a four-month hold and the offering remains subject to TSXV final approval.

Sierra Madre (OTCQX: SMDRF) reported Q3 2025 revenues of US$5.52M and gross profit of US$1.70M, with Adjusted EBITDA up 27% quarter-over-quarter to US$1.86M. The company sold 153,583 AgEq ounces in Q3 and produced from La Guitarra, Coloso and Nazareno operations.

Operationally, mill downtime from rainy-season power outages caused ~187 hours lost and reduced mill output to ~90% of nameplate capacity; backup power and equipment purchases are planned. A US$3.5M East District exploration program started Oct 23, 2025, with drilling targeted for Q2 2026. A two-stage plant expansion to 750–800 tpd by Q2 2026 is underway.

First Majestic Silver Corp (NYSE: AG) sold 17,500,000 Sierra Madre Gold and Silver shares on November 5, 2025 for CAD$1.33 per share, generating CAD$23,275,000 gross proceeds.

Before the sale First Majestic held 69,063,076 shares (≈37.13%); after the sale it holds 51,563,076 shares (≈27.72%) on a non-diluted basis. All Sierra Madre securities are held for investment; the company says it has no current intention to change its position but may review holdings depending on market conditions. An early warning report will be filed on SEDAR+ under Sierra Madre's profile.

Sierra Madre (OTCQX: SMDRF) has started a US$3.5 million exploration program in the East District of the Guitarra project, Estado de Mexico, covering the historic Temascaltepec mining area.

The program is two‑stage: a ~9‑month target definition campaign (mapping, surveying, sampling, structural analysis) followed by a 20,000–25,000 metre drill program over 12–18 months, with potential for later delineation drilling. Company funding is expected from treasury/cash flow following a C$19.5 million private placement closed July 2025.

The release cites a 2023 NI 43‑101 with an East District inferred/indicated resource at Mina de Agua and a 2002 assessment estimating an exploration target of 0.77–1.54 Mt grading ~440–670 g/t Ag and 2.4–3.6 g/t Au (conceptual).

Sierra Madre Gold and Silver (OTCQX: SMDRF) has commenced underground development at the Nazareno silver and gold mine within its La Guitarra complex in Mexico. Over 700 tonnes of mineralized material have been delivered to the Guitarra processing plant, with production grades exceeding the resource model by 40% for silver and 30% for gold.

The company has identified merged silver and gold-bearing veins forming zones up to 8 meters wide. The 2023 Mineral Resource Estimate shows 309,877 tonnes of Indicated resources at 257.3 g/t AgEq and 753,784 tonnes of Inferred resources at 251.5 g/t AgEq. Sierra Madre plans to expand plant capacity from 500 t/d to double capacity by Q3 2027.

Sierra Madre Gold and Silver (OTCQX: SMDRF) has announced a two-stage expansion plan for its La Guitarra silver-gold mine in Mexico. The first phase, targeted for Q2 2026, will increase processing capacity by 50% to 750-800 tpd from the current 500 tpd, featuring a new paste fill plant, fourth ball mill, and second cone crusher.

The second phase, scheduled for Q3 2027, will further expand capacity to 1,200-1,500 tpd, including construction of a new 5.8 million tonne Dry Stack Tailings Storage Facility. The company plans to self-fund the expansions through its treasury and cash flow, following a recent C$19.5M private placement in July.

Sierra Madre Gold and Silver (OTCQX:SMDRF) reported strong Q2 2025 financial results, with revenues of $5.4 million and gross profit of $1.3 million. The company sold 173,562 silver equivalent ounces during the quarter, consisting of 65,683 ounces of silver and 1,096 ounces of gold.

Key operational highlights include the ramp-up of the higher-grade Coloso mine and successful completion of a C$19.5 million private placement post-quarter. Despite challenges from early seasonal rains causing power outages, adjusted EBITDA increased 37.5% to $1.46 million. The company plans to expand plant capacity beyond the current 500 t/d and implement a 20,000-metre exploration program at East District concessions.

Sierra Madre Gold and Silver (OTCQX: SMDRF) has announced the grant of 2,750,000 stock options to various stakeholders including employees, directors, management, and consultants. The options are priced at $0.73 per share with a five-year exercise period.

The majority of options will vest in three tranches: one-third immediately, one-third after six months, and the final third after 12 months. A special allocation of 40,000 options to Adelaide Capital, the company's investor relations consultant, will vest quarterly over one year. The grant remains subject to TSX Venture Exchange approval.

Sierra Madre Gold and Silver (TSXV: SM) has successfully closed the first tranche of its brokered private placement, raising $17.75 million through the issuance of 25,358,000 units at $0.70 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at $0.85 for 12 months.

The company plans to use the proceeds to expand the Guitarra mine capacity, conduct exploration at the East District, and for working capital. Beacon Securities acted as lead agent, with company insiders participating by subscribing for 686,000 units ($480,200). The agents received a cash fee of $1.17 million plus compensation options.