SMDXF Stock Price, News & Analysis

Sierra Madre Gold and Silver Ltd. (TSXV:SM)(OTCQX:SMDRF), a precious metals development and exploration company, is focused on evaluating the potential of restarting the La Guitarra Mine in the Temascaltepec mining district, Mexico. The company's mining concessions cover the entire Temascaltepec mining district and contain numerous Spanish Colonial, 19th, and early 20th-century mines. Recent district-wide mapping has provided valuable data for understanding structural controls on vein-hosted silver and gold mineralization.

The La Guitarra Mine, a permitted, past-producing underground mine, includes a 500 t/d processing facility that operated until mid-2018. The company is actively engaged in a Mine Restart Study, evaluating material estimation, operating and capital cost estimates, and economic viability. Infrastructure improvements, underground development, and processing plant maintenance are underway to potentially resume operations in the near future.

Sierra Madre's commitment to best practice standards for exploration and sampling activities, along with DTC eligibility for seamless trading, aims to enhance shareholder visibility and accessibility in the United States.