Sierra Madre Gold and Silver Ltd. has qualified for trading on the OTCQX® Best Market. This marks an upgrade for Sierra Madre Gold and Silver Ltd., as it was previously traded on the OTCQB, but had to requalify, post-closing of the La Guitarra acquisition. Trading commenced today, July 28, for Sierra Madre on OTCQX under the symbol 'SMDRF.' For U.S. investors, comprehensive financial disclosure and Real-Time Level 2 [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce the results of four additional drill holes from the Phase I drill program at its La Tigra Gold/Silver Project in the State of Nayarit, Mexico. The results for holes LTDH004 through TLDH007 are tabulated below. Drill hole From To Intercept Gold g/t Silver g/t AuEq g/t LTDH004 45.50 51.50 6.0 0.37 3.0 0.40 and 328.10 328.90 0.8 1.29 2.4 1.32 and 328.10 331.70 3.6 0.45 [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that the Company's common shares will resume trading at the market open on Monday, June 5, 2023. Shares were halted from trading following the announcement of the definitive acquisition of La Guitarra Project from First Majestic on May 25, 2022. In addition to re-listing on the TSX Venture, the Company intends to quickly take the necessary steps to requalify for [...]
Sierra MadreGold and SilverLtd. is pleased to announce that it has closed the second tranche of its previously announced "best efforts" brokered private placement financing in connection with the Company's acquisition of the La Guitarra silver-gold mine from First Majestic Silver Corp. The Private Placement was led by Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a syndicateof agents includingHaywood [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that, pursuant to the share purchase agreement dated May 25, 2022, as amended and restated on October 28, 2022 , among the Company, First Majestic Silver Corp. and Corporacion First Majestic, S.A. de C.V. , the Company has completed its previously announced acquisition of La Guitarra Compania Minera S.A. de C.V. , an indirect wholly-owned subsidiary of First [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has received approval for the acquisition of the La Guitarra Silver-Gold Mine from Mexico's antitrust agency, the Comisión Federal de Competencia Económica. With the receipt of this approval, closing of the Acquisition is expected to take place on March 30th, 2023, followed by trade resumption of Sierra Madre shares shortly thereafter. Alexander Langer [...]
Sierra Madre Gold and Silver Ltd. is pleased to provide an update on its proposed acquisition of the La Guitarra Silver-Gold Mine . On May 25, 2022, Sierra Madre entered an arm´s length definitive agreement with First Majestic Silver Corp. to acquire a 100% interest in the 39,714-hectare La Guitarra Silver-Gold property in the Temascaltepec mining district, Mexico. Details of the Acquisition can be found here. Earlier [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce the results of its special meeting of shareholders held on December 9, 2022 . A total of 22,841,508 common shares were represented at the Meeting, representing 35.62% of the issued and outstanding common shares of the Company on the record date. The shareholders voted in favour of the ordinary resolution to approve the proposed acquisition of all of the issued and [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that, further to the Company's news release dated May 25, 2022 , the Company has entered into an amended and restated share purchase agreement dated October 28, 2022 with First Majestic Silver Corp. in respect of its previously-announced acquisition of a 100% interest in the 39,714-hectare La Guitarra Silver-Gold Property in the Temascaltepec mining district, Mexico [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has closed the first tranche of its previously announced "best efforts" brokered private placement financing pursuant to an agency agreement dated September 8, 2022 with Beacon Securities Limited and Canaccord Genuity Corp. on behalf of a syndicate of agents including Haywood Securities Inc. . Pursuant to the Agency Agreement, the Offering is comprised of up [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has amended the terms of its previously disclosed "best efforts" brokered private placement . The Company now anticipates that the Offering shall be comprised of up to 9,385,000 subscription receipts of the Company at a price of $0.65 per Subscription Receipt and 6,000,000 common shares of the Company at a price per $0.65 per Common Share, for aggregate [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce the appointment of Mr. Kenneth Scott to the role of Chief Financial Officer , effective immediately. Mr. Scott brings over 33 years of public company auditing experience to the Company. Mr. Scott retired as a partner of PricewaterhouseCoopers in Vancouver in 2018, where his engagements as either the engagement leader or quality review partner included mining [...]
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