May. 2 at 12:19 AM
Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold and Silver Ltd. (SM.v
$SMDRF ) recently reported its first full year of commercial production at La Guitarra since the January 2025 restart, selling 628,196 AgEq oz in 2025 and generating
$24.96M in annual net revenue.
Q4 net revenues rose 40.5% quarter-over-quarter to
$8.32M. Phase 1 of the La Guitarra expansion remains on schedule for commissioning by the end of Q2 2026, targeting throughput increases from 500tpd to 750–800tpd, with further expansion planned by Q3 2027.
Management expects improved head grades in early 2026 and to close the Del Toro mine acquisition this month. A 30,000m drill program at the East District of the La Guitarra mine complex is expected to start in H2 2026. Full update here: https://sierramadregoldandsilver.com/read/auto-news-1777461248