Welcome to our dedicated page for Sierra Madre Gol news (Ticker: SMDRF), a resource for investors and traders seeking the latest updates and insights on Sierra Madre Gol stock.
Sierra Madre Gold and Silver Ltd. (OTCQX: SMDRF; TSXV: SM) generates frequent news as it advances silver-gold mining and exploration projects in Mexico. Company releases focus on operational updates from the La Guitarra silver-gold mine complex in the Temascaltepec mining district, as well as exploration and development activities at the Tepic Project in Nayarit. Investors following SMDRF news can track how mine performance, plant optimization and project financing evolve over time.
Recent announcements highlight quarterly financial and operating results from La Guitarra, including silver-equivalent ounces sold, revenues, gross profit and cost metrics. Operational news also covers mine development and production at the Guitarra, Coloso and Nazareno underground mines, plant performance, recovery rates and the impact of factors such as seasonal power outages on mill throughput.
Sierra Madre’s news flow also details a two-stage expansion plan at La Guitarra, with planned increases in processing capacity beyond the current 500 tonnes-per-day level. Releases describe planned additions of crushing and milling equipment, construction of a paste fill and thickener plant, and development of a future dry stack tailings storage facility. Exploration-focused news includes the launch of a multi-part program at the East District of the Guitarra project, covering historic workings in the Temascaltepec area and planned drilling campaigns.
Capital markets and corporate governance updates form another key part of SMDRF news. The company reports on brokered private placements of units and subscription receipts, use of proceeds for mine expansion and exploration, loan extensions with First Majestic Silver Corp., stock option grants, and annual general meeting results. For investors and analysts, this news page provides a centralized view of Sierra Madre’s operational progress, financing activities and project development milestones.
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.
The total offering size is up to $19.5 million, with this first tranche representing approximately 91% of the total placement.Sierra Madre Gold and Silver has commenced underground mining operations at the Coloso silver-gold mine, part of the Guitarra Complex in Mexico. The mine, previously operated by First Majestic Silver, features over 12 kilometers of underground workings, enabling a restart 7 months ahead of schedule with minimal pre-production costs.
Mining has begun at the Jessica vein system, starting at 50 tonnes per day with plans to reach 150 tonnes daily by year-end. The Coloso resource shows significantly higher grades compared to Guitarra veins:
- Coloso: 221 g/t silver and 1.61 g/t gold (432,000 indicated tonnes)
- Guitarra: 123 g/t silver and 1.25 g/t gold (1,649,000 indicated tonnes)
The company has hired a metallurgist to optimize the blending ratio of Coloso to Guitarra mill feed for maximum economic benefit. The processing plant continues to operate at 500 tonnes per day, with Coloso material gradually replacing some Guitarra feed.
Sierra Madre Gold and Silver (SMDRF) has reported its FY 2024 financial results, generating $6.5 million in revenues from the Guitarra Mine Complex in Mexico. The company achieved commercial production on January 1, 2025, following a six-month test mining program.
Q4 2024 highlights include $3.9 million in revenues, up from $2.5 million in Q3, with a minimal net loss of $38,000. The company recorded silver revenues of $1.9 million ($31.58/oz) and gold revenues of $2.4 million ($2,667/oz). Cost of sales was $5.1 million for the six-month period, with gross profit reaching $1.36 million for FY 2024.
Operational achievements include processing 38,464 DMT in Q4, with silver recoveries of 79% and gold recoveries of 84%. The company completed concentrate deliveries totaling 795 DMT in Q4, containing approximately 59,178 ounces of silver and 897 ounces of gold.
Sierra Madre Gold and Silver has announced record production figures from its Guitarra Mine Complex for January 2025, marking its first month of full commercial production. The facility is operating at its current capacity of 500 wet metric tonnes per day.
Key production metrics for January 2025 include:
- 349.48 dry metric tonnes of concentrate shipped
- 45.81 tonnes of concentrate in inventory
- Provisional weighted average silver grade of 2,429 grams per tonne
- Average gold grade of 32.124 grams per tonne
The company plans to release year-end financials in April 2025 and Q1 2025 interim financials in May 2025, which will reflect their first quarter of commercial production.
Sierra Madre Gold and Silver (OTCQX: SMDRF) has announced achieving full commercial production at its 100% owned Guitarra Mine Complex in Mexico, effective January 1, 2025. The operation has maintained a consistent capacity of 500 wet metric tonnes per day for 90 consecutive days.
During the 2024 test mining phase, the company shipped 1,292.5 dry metric tonnes of concentrate, with an additional 94.6 tonnes in inventory as of December 31, 2024. The provisional weighted average grades for the 2024 concentrate shipments were 2,594.2 grams per tonne silver and 34.93 grams per tonne gold.
The company reports successful equipment repairs and rebuilding, completed under budget and ahead of schedule, enabling an early restart. Management highlights the establishment of safe, efficient operating procedures and a cost-conscious culture as positive indicators for future operations.