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
Sierra Madre Secures Binding Off-Take Agreement for La Guitarra
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has signed a binding off-take agreement with Swiss-based global minerals trader MRI Trading AG ("MRI") for 100% of concentrate sales from the Guitarra silver-gold mine in Mexico for a 24-month term. Alex Langer, Sierra Madre's President and CEO, states, "While we received extensive interest, including...
2024-07-15 7:00 AM EDT
Sierra Madre Receives Regulatory Approval for Dry Stack Tailings Deposition on Existing Tailings Impoundment, Paste Backfill of Tailings in Underground Workings and Surface Drilling Pad Sites
Vancouver, British Columbia--(Newsfile Corp. - May 28, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that SEMARNAT, the federal Mexican regulatory agency in charge of environmental permitting, has approved modifications to the existing operating permit for the Guitarra Mine and Mill complex, located in the State of Mexico, Mexico. These modifications will allow for: Dry Stack Tailings Deposition at the Active...
2024-05-28 7:00 AM EDT
Sierra Madre Announces Francisco Correa as General Manager of La Guitarra Mine and Mill Complex, Grants Incentive Options
Vancouver, British Columbia--(Newsfile Corp. - May 23, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the appointment of Mr. Jose Francisco Correa Robles as General Manager of La Guitarra Silver-Gold Mine and Mill Complex in Estado de Mexico, Mexico. The Company also announces the issuance of stock options to La Guitarra employees, advisors and consultants of the company. Mr. Correa has more than 23 years of...
2024-05-23 5:00 PM EDT
Sierra Madre Announces US$5 Million Loan from First Majestic Silver for Finalizing Preparations at La Guitarra
Vancouver, British Columbia--(Newsfile Corp. - May 8, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that First Majestic Silver Corp. ("First Majestic") has today advanced the Company a non-revolving, secured term loan ("Loan") in the amount of US$5 million pursuant to the terms of a loan agreement entered into by the Company and First Majestic. Since acquiring the La Guitarra Silver-Gold Mine Complex in Estado de...
2024-05-08 4:13 PM EDT