Mexico’s Newest Silver and Gold Producer
Stock Code:
TSXV:SM, OTCQX:SMDRF
Company Exposure:
Silver, Gold
Project Locations:
Mexico
Sierra Madre Gold & Silver is focused on evaluating the potential of restarting the Guitarra Mine in the Temascaltepec mining district, Mexico, and is expected to reach commercial production in Q4 2024. The Guitarra Mine is a permitted, past-producing underground mine which includes a 500tpd processing facility that operated until mid-2018.
Sierra Madre´s management has played key roles for managing exploration and development of more than 22Moz gold and 600Moz silver in combined reserves and resources. Sierra Madre´s team of professionals has collectively raised over C$1B for mining companies.
Investment Highlights
- Management Team & Board
• Track record of project discovery, advancement, andmonetization in Mexico & globally - Strong shareholder base and institutional backing
• First Majestic Silver holds 44.5%
• Institutions: 12.9%
• Management & founders: 24.8% - Upcoming Catalysts La Guitarra
• Cash flows have started – concentrate deliveries weekly
• Completed: New resource report – announced November 2023
• Test Mining and processing ramp up
• Commercial production: Q4 2024 – 500tpd - Upcoming Catalysts Tepic
• Resource calculation – Tepic
• In-depth metallurgical work planned – Tepic - Valuation
• Attractive valuation compared to peers
• Re-rate potential as La Guitarra advances towards production - Well capitalized
• Fully funded to commercial production
• C$3M in treasury
Full Company Profile
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