Sierra Madre Gold and Silver Ltd. 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 achieved January 1, 2025. Weekly gold and silver concentrate [...]
Sierra Madre Gold and Silver Ltd. 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. Monthly gold and silver concentrate shipments [...]
Sierra Madre Gold and Silver Ltd. 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 months, exceeding the engineering standard of 80% for 30 days necessary to declare industrial commercial production. Production [...]
Sierra Madre Gold and Silver Ltd. 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 throughput in the grinding and flotation circuits has [...]
Sierra Madre Gold and Silver Ltd. 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 presented herein are expressed in United States Dollars , unless [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement for aggregate gross proceeds of $500,000 through the sale of 1,250,000 common shares of the Company at a price of $0.40 per Share. The Company intends to use the net proceeds of the Offering for future marketing activities and general working capital. The Offering remains subject to the final [...]
Sierra Madre Gold and Silver is pleased to announce a non-brokered private placement for gross proceeds of up to $500,000 with one existing investor in the Company. The Offering will consist of up to 1,250,000 common shares of the Company at a price of $0.40 per Share. Net proceeds will be used for future marketing activities and general working capital. The Offering is expected to close shortly and is subject to certain [...]
Sierra Madre Gold and Silver 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 processed as of August 31st for an average production rate of 300 [...]
Sierra Madre Gold and Silver 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 which contained approximately 3,000 grams of silver and 30 grams gold per DMT. The Company has approximately 90 dry metric tonnes of additional concentrate that is expected to ship [...]
Sierra Madre Gold and Silver Ltd. 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 of mineralized material from the Guitarra mine and is currently averaging 259 dry tonnes per day . This marks a significant milestone for the Company in the path to returning Guitarra to full commercial [...]
Sierra Madre Gold and Silver is pleased to announce that it has signed a binding off-take agreement with Swiss-based global minerals trader MRI Trading AG 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 multiple offers from various parties for the Guitarra silver-gold [...]
Sierra Madre Gold and Silver Ltd. 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 Tailings Facility Site, TSF 1-3 Construction of a [...]
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