Sierra Madre Announces Agreement to Acquire the Del Toro Silver Mine from First Majestic Silver and Concurrent $50 Million Offering of Subscription Receipts
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has entered into a definitive agreement (the "Purchase Agreement") on December 17, 2025 to acquire the Del Toro Silver Mine in the Chalchihuites District in Mexico ("Del Toro") from First Majestic Silver Corp. ("First Majestic") for total consideration of up to US$60 million, inclusive of delayed and...
2025-12-17 4:50 PM EST
Sierra Madre Announces Solid Q3 2025 Financial Results, La Guitarra Plant Expansion Underway
Vancouver, British Columbia--(Newsfile Corp. - November 13, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to provide financial results for the quarter ended September 30, 2025 ("Q3 2025"). Unless otherwise noted, all amounts are expressed in U.S. dollars. Alex Langer, Chief Executive Officer, commented, "Q3 revenues of US$5.5 million and gross profit of US$ 1.7 million continue to sh
2025-11-13 5:19 PM EST
Sierra Madre Starts US$3.5 Million Exploration Program at the East District of Guitarra Project
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that exploration work has begun at the East District of the Guitarra silver-gold project in Estado de Mexico, Mexico; this District covers the historic Temascaltepec mining area. Greg Liller, Chief Operating Officer and Executive Chair, commented: "We are very pleased to be restarting exploration within the...
2025-10-23 7:00 AM EDT
Sierra Madre Announces Nazareno Silver and Gold Mine Preparing for Production
Vancouver, British Columbia--(Newsfile Corp. - September 30, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that underground development has started at the Nazareno silver and gold mine within the La Guitarra silver-gold complex in Estado de Mexico, Mexico. To date, over 700 tonnes of mineralized material have been delivered to the Guitarra processing plant from Nazareno. This material was not included in the...
2025-09-30 7:00 AM EDT
Sierra Madre Announces La Guitarra Expansion Plans
Vancouver, British Columbia--(Newsfile Corp. - September 8, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to provide the details of a planned two-stage expansion at its La Guitarra silver-gold mine complex located in Estado de Mexico, Mexico. These planned expansions would increase the site's nameplate processing capacity by 50% to a range of 750 dry tonnes per day ("tpd") to 800 tpd by Q2 2026. The site is currently operating...
2025-09-08 7:00 AM EDT
Sierra Madre Announces Strong Q2 2025 Financial Results, Ramps up Coloso Mine at La Guitarra
Vancouver, British Columbia--(Newsfile Corp. - August 21, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to provide financial results for the quarter ended June 30, 2025 ("Q2 2025"). Unless otherwise noted, all amounts are expressed in U.S. dollars. The Company will participate in a webinar to discuss the financial results on Monday, August 25 at 2pm ET. Registration
2025-08-21 5:14 PM EDT
Sierra Madre Announces Closing of Second Tranche of $19.5 Million Best Efforts Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - July 31, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce it has closed the second and final tranche (the "Second Tranche") of its previously announced brokered private placement offering of up to 27,858,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price"). The Second Tranche consisted of 2,500,000 Units for gross proceeds of $1,750,000 and for...
2025-07-31 9:33 AM EDT
Sierra Madre Announces Grant of Stock Options
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") announces that, pursuant to its Stock Option Plan, it has granted stock options to employees of La Guitarra Compania Minera, S.A. de C.V., certain directors, management and consultants of the Company, to purchase an aggregate of 2,750,000 common shares of the Company at the price of $0.73 per share for a period of five years from the...
2025-07-28 7:02 PM EDT
Sierra Madre Announces Closing of First Tranche of $19.5 Million Best Efforts Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce it has closed the first tranche (the "First Tranche") of its previously announced brokered private placement offering of up to 27,858,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $19,500,600 (the "Offering"). The First Tranche...
2025-07-24 3:08 PM EDT
Sierra Madre Announces Upsize of Private Placement to $19.5 Million with Investment from Eric Sprott
Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce an upsize to its previously announced "best efforts" private placement. Under the amended terms, the Company will issue up to 27,858,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $19,500,600 (the "Offering"). Eric Sprott, through...
2025-07-21 9:26 AM EDT
Sierra Madre Announces Upsize of Best Efforts Private Placement of Units to $16.5 Million
Vancouver, British Columbia--(Newsfile Corp. - July 16, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce an upsize to its previously announced "best efforts" private placement. Under the amended terms, the Company will issue up to 23,572,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $16,500,400 (the "Offering"). Beacon Securities Limited...
2025-07-16 9:18 AM EDT
Sierra Madre Announces $10 Million Best Efforts Private Placement of Units
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce that it has entered into an agreement with Beacon Securities Limited ("Beacon") to act as lead agent and sole bookrunner, on behalf of a syndicate of agents to be formed (together with Beacon, the "Agents") in connection with a "best efforts" private placement of up to 14,290,000 units of the Company (each a "Unit") at a price of...
2025-07-15 5:03 PM EDT
Sierra Madre Announces Annual General Meeting Results
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the results of its Annual General Meeting (the "Meeting") held today, Wednesday, June 18, 2025 in Vancouver, British Columbia. Shareholders voted as follows on the motions set out in the Company's Notice of Annual General Meeting dated May 14, 2025. A total of 75,415,346 votes were cast at the Meeting, representing...
2025-06-18 10:19 PM EDT
Sierra Madre Announces Extension to First Majestic Loan
Vancouver, British Columbia--(Newsfile Corp. - June 5, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce an amendment to the non-revolving, secured term loan ("Loan") in the amount of US$5 million between the Company and First Majestic Silver Corp. ("First Majestic"); please see Sierra Madre press release dated May 8, 2024 for details of the original loan announcement. The Loan now has a maturity date of May 7, 2027,...
2025-06-05 7:00 AM EDT
Sierra Madre Announces Positive Q1 2025 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to provide financial results for the quarter ended March 31, 2025 ("Q1 2025"). All amounts are expressed in U.S. dollars. The Company will participate in a webinar to discuss the financial results on Tuesday, May 13 at 11am ET. Registration details below. Alex Langer, Chief Executive Officer, commented "We are very pleased with...
2025-05-07 5:08 PM EDT
Sierra Madre Commences Mining at Coloso, Expanding Mining Operations
Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the commencement of underground mining at the Coloso mine, located within the producing Guitarra Complex, State of Mexico, Mexico. The Coloso silver-gold mine is located 4 kilometers northwest of the Guitarra processing plant. Coloso was developed and mined by First Majestic Silver from 2014 to 2018. The mine has...
2025-04-29 7:00 AM EDT
Sierra Madre Announces Fourth Quarter and Year-End 2024 Financial Results
Vancouver, British Columbia--(Newsfile Corp. - April 22, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce its audited consolidated financial results for the year ended December 31, 2024 ("FY 2024") including results for the fourth quarter ("Q4 2024"). All amounts are expressed in U.S. dollars, unless otherwise stated. Alex Langer, Chief Executive Officer, commented, "In 2024, Sierra Madre generated $6.5 million USD in...
2025-04-22 5:32 PM EDT
Sierra Madre Reports Record Monthly Production from the Guitarra Mine Complex
Vancouver, British Columbia--(Newsfile Corp. - February 10, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce record production numbers for the month of January 2025; a record since restarting the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. The mine and processing plant continue to run at the current capacity of 500 wet metric tonnes per day; full commercial production at the Complex was...
2025-02-10 7:00 AM EST
Sierra Madre Announces Full Commercial Production at Guitarra Mine Complex
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that full commercial production at the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico, commenced on January 1, 2025. The processing plant, underground mine, and all aspects of the operation have now been running at the current capacity of 500 wet metric tonnes per day for the past 90 days....
2025-01-09 11:46 AM EST
Sierra Madre Declares Industrial Production at the Guitarra Mine Processing Plant
Vancouver, British Columbia--(Newsfile Corp. - December 10, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that industrial production has begun at the Guitarra mine processing plant in Estado de Mexico, Mexico. The plant has been operating at 86% of the milling circuit nameplate capacity, or 516 wet metric tonnes per day, for the last two (2) months, exceeding the engineering standard of 80% for 30 days necessary to...
2024-12-10 7:00 AM EST