Sierra Madre Gold and Silver announces that, pursuant to its Stock Option Plan, it has granted stock options to employees of La Guitarra Compania Minera, 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 grant date. The Options shall be granted under and subject to the terms [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce it has closed the first tranche of its previously announced brokered private placement offering of up to 27,858,000 units of the Company at a price of $0.70 per Unit for aggregate gross proceeds to the Company of up to $19,500,600 . The First Tranche consisted of 25,358,000 Units for gross proceeds of $17,750,600. Beacon Securities Limited is acting as lead agent [...]
Sierra Madre Gold and Silver Ltd. 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 at a price of $0.70 per Unit for aggregate gross proceeds to the Company of up to $19,500,600 . Eric Sprott, through 2176423 Ontario Ltd., a corporation beneficially owned by him, is expected to participate in [...]
Sierra Madre Gold and Silver Ltd. 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 at a price of $0.70 per Unit for aggregate gross proceeds to the Company of up to $16,500,400 . Beacon Securities Limited is acting as lead agent and sole bookrunner, on behalf of a syndicate of agents [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has entered into an agreement with Beacon Securities Limited to act as lead agent and sole bookrunner, on behalf of a syndicate of agents to be formed in connection with a "best efforts" private placement of up to 14,290,000 units of the Company at a price of $0.70 per Unit for aggregate gross proceeds to the Company of up to $10,003,000 . Each Unit to be [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce the results of its Annual General 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 48.989% of the total shares outstanding eligible to vote. Election [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce an amendment to the non-revolving, secured term loan in the amount of US$5 million between the Company and First Majestic Silver Corp. ; 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, which represents a 12-month extension of the original term, with no other [...]
165,093 Silver Equivalent Ounces Sold During First Full Quarter of Commercial Production Revenues of US$4.8 Million - Generating Cash of US$535,000 Sierra Madre Gold and Silver Ltd. is pleased to provide financial results for the quarter ended March 31, 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 [...]
Sierra Madre Gold and Silver Ltd. 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 over 12 kilometers of underground workings. This [...]
Revenues of $6.5 million USD generated in 2024 from the Guitarra Mine Sierra Madre Gold and Silver Ltd. is pleased to announce its audited consolidated financial results for the year ended December 31, 2024 including results for the fourth quarter . 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 [...]
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 [...]
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