Sierra Madre Gold and Silver Ltd. (TSXV: SM | OTCQX: SMDRF) has repaid US$2.5M of its US$5M non‑revolving, secured term loan with First Majestic Silver Corp., marking the early settlement of half the facility. The company noted that stronger gold and silver prices have accelerated cash flow generation from La Guitarra, allowing repayments ahead of schedule. The loan now carries a maturity date of May 2027.
Alex Langer, president and CEO of Sierra Madre, commented, “We are proud to announce the early repayment of half of our loan facility with First Majestic, driven by a strong silver and gold price environment, which has been reflected in an acceleration of cash generation from La Guitarra. This repayment is ahead of schedule and we expect to repay the remainder of the loan in the coming months.”
Langer added that Sierra Madre remains focused on its next phase of growth, with the first stage of the La Guitarra production expansion expected to be commissioned by the end of Q2 2026. The expansion is anticipated to lift processing throughput by at least 50% from the current 500tpd rate.
Sierra Madre expects to report fourth‑quarter and full‑year 2025 results in mid‑April 2026.
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