Dec. 4 at 10:50 PM
$SMDRF Posted on behalf of Sierra Madre Gold & Silver Ltd. – At Deutsche Goldmesse, Lead Director Jorge Ramiro Monroy detailed Sierra Madre’s first full year of production at the restarted La Guitarra Mine, highlighting Q2 revenue of
$5.5M and ~
$1.3M gross profit, figures recorded before the recent surge in silver prices: https://x.com/StckMasterFlash/status/1994517155467886895
SM is fully funded to triple production over the next two years with La Guitarra now producing 500 tpd and grades expected to improve as additional historic mines come online. Plus, districtwide exploration aims to expand the current 50 Moz resource.
With targeted growth to 1,500 tpd by 2027, production potential of 2.5–3 Moz Ag/year, and operating costs near
$20/oz, SM is positioning itself as Mexico’s next meaningful silver producer with significant leverage to rising metal prices.