Erik Wetterling – Value Proposition In New PM Producers With Development Upside - Integra Resources and Sierra Madre
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins me to discuss two new junior gold and silver producers with additional solid development projects and exploration upside in their portfolio of projects. Both of these companies have released important operation updates as news catalysts in early 2025, and he is attracted to their current value proposition.
We start off discussing the news out on January 22nd from Integra Resources Corp. (TSXV: ITR) (NYSE American: ITRG) which announced their record fourth quarter and full year 2024 production results from the Florida Canyon Mine, located in Nevada. There was record gold production of 72,229 ounces from Florida Canyon in 2024, marking the highest total production from the mine in 21 years. This represents a significant milestone for Integra as it marks the inaugural reported production for the Company. Integra ended the year with approximately $52 million in cash, to invest further into the exploration, development, and further derisking of their DeLamar and Nevada North Projects.
Next we pivot over to news released on January 9, 2025 from Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF), which announced they had achieved full commercial production on January 1st, 20205 at their 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. 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, concentrate inventories, freshly mined material stockpiles and revenues generated from sales; have all increased on a material basis. This sets the Company up for organic growth and exploration funded through production revenues as this year unfolds.
* In full disclosure, the companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording. Additionally, Shad holds a position in both Integra Resources and Sierra Madre Gold and Silver at the time of this recording.
