Sierra Madre Gold and Silver is a Mexico-focused precious metals exploration and development company. Our team has over 100 years of combined mining experience in Mexico with strong capital markets expertise. Our growing portfolio of projects presents new projects, new exploration paradigms and new unconsolidated areas into the public space.
Sierra Madre Gold and Silver Ltd. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page.
Please refer to the important disclosures below for additional details.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has announced the commencement of industrial production at its La Guitarra processing plant, situated in the Estado de Mexico. Read more to learn how the company sees this as positioning the La Guitarra project toward precious metals production and exploration.
"With the gold price up 26% and silver up 29% YTD (silver was 52% of revenue in this quarter), Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) is well-positioned for a major rerating in the precious metals sector," a VSA Capital research note reported.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has revealed promising results from test mining operations at its La Guitarra silver-gold mine complex in Estado de Mexico. Read about how the company is on track to begin commercial production by the end of 2024.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has announced that the company has generated over US$2.4 million in revenues since the test mining and milling phase began at its La Guitarra mine complex. See what analysts are saying about the company's future prospects.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) achieved a significant milestone with the first shipments of concentrate from the Guitarra Mine Complex. Read more to find out how the company believes this development sets the stage for future production and growth.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has announced the commencement of test mining and processing at the Guitarra Mine Complex in Estado de Mexico, Mexico. What does this mean for the company moving forward?
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has announced the successful signing of a binding off-take agreement with MRI Trading AG, a Swiss-based global minerals trader. Find out what this means for the company's upcoming projects.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) received a non-revolving, secured term loan of US$5 million from First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE), according to a Beacon Securities research note.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) announced approval from Mexico's federal environmental agency, for enhancements at their Guitarra Mine and Mill complex. Read about what this decision could mean for the future gold and silver player.
Sierra Madre Gold and Silver Ltd. announced it has received a loan from major First Majestic Silver Corp. to complete the work needed to restart its 100%-owned La Guitarra silver and gold project. Read why one analyst thinks the stock is undervalued.
Even as the gold market continues to hover seemingly without finding any traction above US$2,000 an ounce, and the Fed signals it's in no hurry to cut interest rates, some analysts continue to see bright skies ahead this year for the precious metal.
Sierra Madre Gold and Silver Ltd. has released an update on its mine restart study, which it expects to finish in Q2 of 2024. Read on to see what analysts are saying about this company's stock.
Within a year, it aims to restart the past-producing Mexican mine it acquired just last year. Learn why experts recommend investing in this Vancouver-based firm.
Sierra Madre Gold and Silver Ltd. has updated its Mineral Resource Estimate focused on the La Guitarra Project with a significantly larger indicated and inferred quantity of silver. Read on to see why analysts like this company's stock.
Sierra Madre has released its new Mineral Resource Estimate for its newly acquired La Guitarra Project in Mexico. Read on to see why analysts like this company's stock.
Sierra Madre Gold and Silver Corp. has partnered with consultant to evaluate a new storage facility for tailings. Read on to see why analysts like this company's stock.
Sierra Madre Gold and Silver intersected significant amounts of gold during its drilling in Mexico. Read on to see how much mineralization the company uncovered.
Technical Analyst Clive Maund takes a look at Sierra Madre Gold and Silver Ltd.'s 1-month chart to explain why he sees virtually no downside and a lot of upside in store.
Recently, Sierra Madre Gold and Silver announced it had resumed trading on the TSX Venture Exchange. Read here to see what experts are saying, and what the company has planned for the rest of the year.
Mexico is known for "la plata", and silver has been mined there since Spanish colonial times. One aggressive junior explorer just pulled the trigger on a deal to acquire a past-producing mine that management knows intimately (maybe even more than the previous operators). The acquisition just needs to be approved by regulators and shareholders.
In its promotional deck, one junior explorer with two projects in Nayarit state, Mexico, bills itself as building a ‘superior junior.’ With a chairman and CEO who have transformed junior explorer companies into prized acquisitions for larger players, Sierra Madre is well on its way to achieving its goal.
Sierra Madre Gold and Silver is fast out of the blocks with reconnaissance sampling silver values up to 648 grams per ton, and gold values up to 7.43 grams per ton.read more >
Gecko Research for Streetwise Reports (04/20/2021)
Gecko Research explains why it has invested in Sierra Madre Gold and Silver, which began trading on the TSX Venture Exchange in Canada April 19 under the ticker symbol SM.read more >
Expert Comments:
Thibaut Lepouttre, Caesars Report
(12/19/24)
"Sierra Madre Gold and Silver Corp. has confirmed the industrial production state has begun at its Guitarra mine plant in Mexico. For the past two months, the mill has been running at 86% of its nameplate capacity, which exceeds the traditional threshold of reaching 80% of capacity."
Bereket Berhe, Beacon Securities Ltd.
(12/9/24)
"From Dec. 4-6, 2024, we visited Sierra Madre Gold and Silver Ltd.'s flagship asset, the La Guitarra mine in Mexico; the asset shows very well. The company currently is moving at a determined pace to bring the La Guitarra mine into commercial production in early Q1/25."
Oliver O'Donnell, VSA Capital
(11/12/24)
"With a backdrop of rising precious metals prices, Sierra Madre Gold and Silver Ltd. has reported first revenues generating a gross profit in its initial quarterly earnings. We expect further gains in earnings and profitability in the coming quarters as commercial production rates are achieved with consistency, and these should drive a rerating of the share price."
Thibaut Lepouttre, Caesars Report
(10/30/24)
"We think Sierra Madre Gold and Silver Corp. is now getting close to a pivotal point in its existence. . .as the ramp-up of the La Guitarra mill is ongoing, we anticipate the company's output to continue to increase towards the end of the year, when the 500 tpd steady-state milling scenario should be achieved, which is full commercial production."
Dominic Frisby, The Flying Frisby
(10/23/24)
"At 500 tpd, Sierra Madre Gold and Silver Ltd. will declare commercial production at La Guitarra. . .we are almost there. . .there is plenty of upside left in this [stock]."
Thibaut Lepouttre, Caesars Report
(10/3/24)
"Sierra Madre Gold and Silver Ltd. successfully ramped up the mill at La Guitarra to a current steady state
throughput of 350 tpd, a level that has been sustained for the past 30 days. The mill will now be further ramped up towards 400 tpd; it's the company's goal to reach 500 tpd by 2024E and declare commercial production."
More Expert Comments
Thibaut Lepouttre, Caesars Report
(9/11/24)
"As of the end of August 2024, Sierra Madre Gold and Silver Ltd.'s mill at the La Guitarra mine has processed just over 20 Kt of mineralization, resulting in the production and shipment of 335 dry metric tons of silver-gold concentrate. . .the next few months and quarters will be important for the company as it will be increasing its daily throughput while feeding the mill higher-grade material."
Oliver O'Donnell, VSA Capital
(8/28/24)
"With Sierra Madre Gold and Silver Ltd.'s initial test production at La Guitarra proving successful, management is bringing forward its target for reaching the commercial operating threshold of 500 tpd to Q4/24 from Q1/25. . .our analysis indicates that the company can execute the ramp-up to commercial production and expansion to 1 Ktpd thereafter using existing resources."
Thibaut Lepouttre, Caesars Report
(8/8/24)
"Sierra Madre Gold and Silver Ltd. is making good progress on its flagship mine, the La Guitarra silver-gold mine. . .the mill is currently running at a throughput of 259 tpd, and the ramp-up towards the nameplate capacity of 500 tpd is ongoing."
Thibaut Lepouttre, Caesars Report
(7/25/24)
"The average grade of the Indicated resource at Sierra Madre Gold and Silver Ltd.'s La Guitarra is just over 7 oz/ton silver equivalent of rock, so if/when the company reaches the 500 tpd milestone, it will be on track to produce a meaningful amount of silver and gold (in a 70:30 ratio). The current precious metals prices will definitely be a tailwind."
Oliver O'Donnell, VSA Capital
(7/24/24)
"Sierra Madre Gold and Silver Ltd. has announced the successful restart of mining at La Guitarra. . .this is the first in a series of major milestones as a producer and one that has been achieved in a relatively short period of time, since acquisition in Q1/23."
Dominic Frisby, The Flying Frisby
(7/21/24)
"Having secured a $5 million loan is another step forward and further confirmation that Sierra Madre Gold and Silver Ltd. will soon be producing precious metal. . .assuming the company can get to its next target of production, with relatively few hitches, then we can hope for the long-awaited revaluation, and you'll see this company north of $1."
Thibaut Lepouttre, Caesars Report
(7/19/24)
"Sierra Madre Gold and Silver Ltd. is ticking all the boxes that are required to reopen the La Guitarra silver-gold mine. And with silver trading firmly above $30/oz and gold now trading above $2,400/oz, the timing couldn't be better."
Oliver O'Donnell, VSA Capital
(7/15/24)
"We believe that Sierra Madre Gold and Silver Ltd. is a highly unusual opportunity where the typical risk-reward for a mine restart is skewed in favor of investors. . .the company provides highly attractive near-term exposure to near-term silver production with the tailwind of the stronger commodity price providing a further ameliorating factor to the risk associated with a restart."
"I had a call with Sierra Madre Gold and Silver Ltd. yesterday and was impressed by it. . .the company is rapidly advancing its La Guitarra silver and gold mine in Mexico toward production, with test mining beginning imminently."
Gabriel Gonzalez, Echelon Capital Markets
(6/3/24)
"As a fully permitted, past-producing mine, Sierra Madre Gold and Silver Ltd.'s La Guitarra project is already relatively derisked compared to other silver project developers in the pre-resource or preproduction stage. . .sufficient recent production history and exploration potential ahead of the mine restart justify highlighting the company as a name of interest."
Thibaut Lepouttre, Caesars Report
(6/1/24)
"Sierra Madre Gold and Silver Ltd. has confirmed SEMARNAT has approved the requested modifications to the existing operating permit for the La Guitarra mine and mill. . .that's a significant development for the company as the approval to use the dry stack tailings method allows it to defer the construction of the more capital intensive 'classic' tailings facility as a higher tonnage can be deposited within the current tailings facility limits."
Oliver O'Donnell, VSA Capital
(5/29/24)
"Sierra Madre Gold and Silver Ltd. has received approval for modifications to its operational permits for La Guitarra. . .this modification to the permitting confirms the ability to progress a low-capex route to production, enabling the transition from the remaining existing capacity to a modern dry stack and paste backfill approach, rather than immediately commencing on the previously permitted but more capex-intensive 5.8 Mt facility."
Thibaut Lepouttre, Caesars Report
(5/15/24)
"Sierra Madre Gold and Silver Ltd. has confirmed the company has signed and received the proceeds of a $5M loan provided by First Majestic Silver. . .the proceeds of the loan will immediately be used by Sierra Madre to get the La Guitarra mine and mill ready to restart operations."
Oliver O'Donnell, VSA Capital
(5/13/24)
"With Sierra Madre Gold and Silver Ltd.'s new funding, there is a clearer pathway to the successful execution of the restart strategy. . .we again highlight management's past operational experience of the asset as well as the significant exploration upside and long-term scalability, making the risk-reward aspect of the company highly favorable."
Thibaut Lepouttre, Caesars Report
(2/21/24)
"Sierra Madre Gold and Silver Ltd. has confirmed it will release the mine restart study (MRS) for La Guitarra in Q2/24. . .the company recently also received an explosives permit. . .Sierra Madre once again confirmed all other permits are in good standing."
Bereket Berhe, Beacon Securities Ltd.
(11/7/23)
"We are initiating coverage of Sierra Madre Gold and Silver Ltd. with a Speculative Buy. . .the company is a Mexico-focused development and exploration company with the potential to become a near-term silver producer."
Carlisle Kane, The Equedia Letter
(11/5/23)
"Sierra Madre Gold and Silver Ltd. made a massive announcement: a 373% increase in its Measured & Indicated silver equivalent (Ag eq) resources at La Guitarra, with a 204% increase in its Inferred Ag eq resource. In other words, in just a few short months of acquiring the asset, the company's management was able to more than triple the resources at La Guitarra."
Thibaut Lepouttre, Caesars Report
(11/4/23)
"We are happy with Sierra Madre Gold and Silver Ltd.'s resource update for La Guitarra. The total amount of ounces in both reported resource categories was higher than we had anticipated. . .as the company is working towards restarting the mine in the not so distant future, coming out of the gate with almost 50 Moz Ag eq, with in excess of half those ounces in the higher-quality Indicated resource category, feels like a flying start."
Thibaut Lepouttre, Caesars Report
(10/4/23)
"Sierra Madre Gold and Silver Ltd. is diligently working towards reopening the silver mine, and this will likely (and hopefully) happen within the next 12–16 months. . .the next 12 months will have an abundance of catalysts."
Bob Moriarty, 321 Gold
(9/7/23)
"Sierra Madre Gold and Silver Ltd. is a good solid silver story with nice projects, cash in the bank and professional management. . .between the Tepic property with just over 10 Moz Ag eq in a historic resource and the La Guitarra mine with its 17 Moz historic Ag eq resource, it seems to me the company is pretty cheap just on the amount of silver."
Clive Maund, CliveMaund.com
(8/27/23)
"Sierra Madre Gold and Silver Ltd.'s 50-day moving average first dropped down then flattened and turned up. . .the company looks well placed to advance anew, especially of course if the sector starts to advance as it looks set to. . .Sierra Madre is still a Buy at this price."
Clive Maund, CliveMaund.com
(7/17/23)
"Sierra Madre Gold and Silver Ltd. is a junior mining stock that looks like it has virtually no downside from here but a lot of upside. . .with the company's current price, we can walk in and buy it cheap. . .Sierra Madre looks like a Strong Speculative Buy here. Even though a speculative junior, it looks low risk for a stock of this kind."
Thibaut Lepouttre, Caesars Report
(6/28/23)
"We are now looking at Sierra Madre Gold and Silver Ltd. from a silver district perspective. . .the current market capitalization is less than CA$60M and less than US$50M, which isn't expensive for a company with a fully permitted mine and mill in Mexico."
Thibaut Lepouttre, Caesars Report
(1/10/23)
"Sierra Madre Gold and Silver Ltd. hopes to close [the] La Guitarra acquisition this quarter. . .all relevant shareholder approvals have been received (with 99.99% of the company's shareholders that casted a vote approving the transaction). The TSX Venture Exchange has also (conditionally) approved the transaction."
12/10/2024 – Sierra Madre Declares Industrial Production at the Guitarra Mine Processing Plant
10/23/2024 – Sierra Madre Announces Test Mining Throughput in Excess of 425 Tonnes per Day at La Guitarra
9/24/2024 – Sierra Madre Announces Revenues in Excess of US$2.4 Million from Sustained 350 Tonne per Day Production at La Guitarra
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