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
Sierra Madre Announces Test Mining Throughput in Excess of 425 Tonnes per Day at La Guitarra
Vancouver, British Columbia--(Newsfile Corp. - October 23, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to provide an operational update on activities at the La Guitarra silver-gold mine complex in Estado de Mexico, Mexico. Test mining and processing has been ongoing since June 25th, 2024. Beginning in October, the company began testing the operation of all three ball mills simultaneously and in various combinations. Daily...
2024-10-23 7:00 AM EDT
Sierra Madre Announces Revenues in Excess of US$2.4 Million from Sustained 350 Tonne per Day Production at La Guitarra
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the Company has generated in excess of $2.4 million in revenues since the commencement of the test mining and milling phase at the Guitarra mine complex. Daily throughput rates of economically interesting silver and gold mineralization have averaged 350 tonnes per day over the past 30 days. All amounts...
2024-09-24 7:00 AM EDT
Sierra Madre Announces Closing of $500,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has closed its previously announced non-brokered private placement (the "Offering") for aggregate gross proceeds of $500,000 through the sale of 1,250,000 common shares of the Company (the "Shares") at a price of $0.40 per Share. The Company intends to use the net proceeds of the Offering for future...
2024-09-18 5:28 PM EDT
Sierra Madre Announces $500,000 Private Placement
Vancouver, British Columbia--(Newsfile Corp. - September 13, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce a non-brokered private placement for gross proceeds of up to $500,000 (the "Offering") with one existing investor in the Company. The Offering will consist of up to 1,250,000 common shares of the Company (the "Shares") at a price of $0.40 per Share. Net proceeds will be used for future marketing activities and...
2024-09-13 2:00 PM EDT
Sierra Madre Provides Positive Update to Test Mining and Processing
Vancouver, British Columbia--(Newsfile Corp. - September 5, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to give an update on the progress of test mining and processing at the Guitarra mine complex. The testing of the flotation plant began on the 25th of June, 2024 and has been in continuous daily operation. A total of 20,401 tonnes of material containing economically interesting silver and gold mineralization has been...
2024-09-05 7:00 AM EDT
Sierra Madre Announces First Silver-Gold Concentrate Shipment
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce first shipments of silver and gold concentrates from the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. On July 25, 2024 the Company shipped 90.68 dry metric tonnes ("DMT") which contained approximately 3,000 grams of silver and 30 grams gold per DMT. The Company has approximately 90 dry...
2024-07-30 7:00 AM EDT
Sierra Madre Commences Test Mining and Processing at Guitarra and Announces Accelerated Timeline to Commercial Production
Vancouver, British Columbia--(Newsfile Corp. - July 23, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the commencement of test mining and processing at the Guitarra Mine Complex in Estado de Mexico, Mexico. The flotation plant has processed 5,698 dry tonnes (5,943 wet tonnes) of mineralized material from the Guitarra mine and is currently averaging 259 dry tonnes per day (tpd). This marks a significant milestone...
2024-07-23 7:00 AM EDT