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 Ltd. has announced significant results from its trenching program at the La Tigra project in Nayarit, Mexico. Highlights include:
- 4.7 meters grading 5.64 g/t AuEq in trench LTZ010
- 4.1 meters grading 4.73 g/t AuEq in trench LTZ011
These results indicate a promising outlook for the project's potential. The company also reported additional moderate gold grades in extended trench LTZ02, showcasing the area's ongoing mineralization.
Sierra Madre Gold and Silver Ltd. (OTCQB: SMDRF) announced the mobilization of a second core rig at its Tepic Silver Gold Project in Nayarit, Mexico. This new, portable rig will target undrilled areas identified through a successful trenching program, aiming to enhance exploration efficiency. Following its deployment at Tepic, the rig will proceed to the La Tigra Gold Silver project for Phase 1 drilling. The company's commitment to exploration best practices ensures quality in its sampling and analytical processes.
Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) announced the receipt of a drilling permit from SEMARNAT for 30 drill pads at the La Tigra Project in Mexico. This allows for multiple exploration holes from each pad and marks a key step towards commencing drilling activities. The company has also formalized surface rights agreements with local landowners, enhancing its operational framework. Director of Exploration, Luis Saenz, expressed satisfaction with progress since work began in July 2021. The company is additionally focusing on community and environmental programs, including school restoration and sanitation improvements.
Sierra Madre Gold and Silver Ltd. (TSXV:SM, OTCQB:SMDRF) announced the initiation of its Phase II drill program at the Tepic Silver Gold project in Nayarit, Mexico. The company has increased its permitted drill pads from 47 to 182, allowing for over 300 potential drill holes. The drilling will focus on areas near historic activities and new targets identified from 2021 data. The company has also secured exploration agreements with surface owners. This initiative is part of a strategy to update the NI 43-101 resource report after completing the drilling program.
Sierra Madre Gold and Silver Ltd. (OTCQB: SMDRF) announced DTC eligibility for its shares, enhancing trading convenience and liquidity in the U.S. market. This move facilitates faster electronic clearing and reduces trading costs, potentially appealing to both existing and new investors. President Alexander Langer expressed confidence that this development will expand their growing U.S. investor base, building on their recent OTCQB listing approval.
Sierra Madre Gold and Silver Ltd. has successfully qualified for trading on the OTCQB Venture Market in the U.S., commencing on December 8, 2021, under the symbol SMDRF. This move aims to enhance liquidity and accessibility for U.S. investors, reflecting growing interest since its TSXV listing. The OTCQB delivers transparent trading and established quality standards for investor confidence. Sierra Madre focuses on exploring its Tepic and La Tigra properties in Mexico, pursuing potential deposits of precious metals.