Welcome to our dedicated page for SMDXF news (Ticker: smdxf), a resource for investors and traders seeking the latest updates and insights on SMDXF stock.
Sierra Madre Gold and Silver Ltd. (OTCQX: SMDXF), a precious metals development company focused on Mexico's Temascaltepec mining district, provides official news updates through this dedicated resource. Track progress on key initiatives including the La Guitarra Mine Restart Study, infrastructure upgrades, and district-wide exploration activities that inform strategic decisions.
This centralized hub offers investors and analysts timely operational updates, technical reports, and corporate announcements related to resource estimation and mine development. Key coverage areas include processing facility improvements, structural analysis of silver-gold mineralization patterns, and compliance with international exploration standards.
All content undergoes rigorous verification to ensure accuracy regarding mine permitting status, concession developments, and operational milestones. The page serves as a neutral reference for monitoring capital expenditure planning, metallurgical testing outcomes, and market accessibility enhancements through DTC eligibility.
Bookmark this page for direct access to primary source materials from Sierra Madre's leadership team, including updates on underground development progress and resource evaluation methodologies. Consult this resource regularly for unfiltered information on the company's Temascaltepec district activities.
Sierra Madre Gold and Silver Ltd. (TSXV:SM) has successfully completed the acquisition of La Guitarra Compania Minera, a wholly-owned subsidiary of First Majestic Silver Corp., under a share purchase agreement dated May 25, 2022. The acquisition involved issuing 69,063,076 Common Shares at a deemed price of $0.65 each. First Majestic can distribute excess shares and maintain a 19.9% interest in future share issuances. The Company aims to restart operations at the La Guitarra silver-gold property and expects shares to resume trading under the symbol SM post-completion of its common share offering.
Sierra Madre Gold and Silver Ltd. has received approval from Mexico's antitrust agency, COFECE, for the acquisition of the La Guitarra Silver-Gold Mine. The transaction is expected to close on March 30, 2023, allowing for the resumption of trading of Sierra Madre shares shortly thereafter. This acquisition aims to position Sierra Madre as a mid-tier precious metals producer, giving them three properties in Mexico: La Guitarra, Tepic, and La Tigra. The La Guitarra mine, located in the Temascaltepec mining district, includes significant infrastructure and has modern production capabilities.
