Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Clear Commodity Network Clear Commodity Network Clear Commodity Network Clear Commodity Network
  • Home
  • Metals
  • Energy
  • Agriculture
  • Podcasts
  • Playlists
  • Prices
Cover for Sierra Madre Gold And Silver - Ramping Up Towards Commercial Production By Year-End At The La Guitarra Mine

Sierra Madre Gold And Silver - Ramping Up Towards Commercial Production By Year-End At The La Guitarra Mine

October 02, 2024
  • Company
KEReport
By KEReport
KEReport

Alex Langer, President and CEO of Sierra Madre Gold And Silver (TSXV: SM) (OTCQX: SMDRF), joins us for an introduction to this brand new precious metals producer, currently ramping up towards commercial production by year-end, at the La Guitarra Mine, in Mexico.  The La Guitarra Mine complex is a permitted, past-producing underground mine, which includes a 500 t/d processing facility that operated until mid-2018; which was purchased from First Majestic Silver (TSX: AG) (NYSE: AG) in 2023, and just went into trial mining on June 25th of this year.

The Company announced on September 24th, that it 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 (TPD) over the past 30 days.  Alex shares with us that the plan is to incrementally move it up to 400 TPD next month, and then up to 500 TPD by year-end, where commercial production can be declared.  He also shares the pathway forward to growth where after a full year of 500 TPD production slated for 2025, that there process to grow the mill throughput to 650 TPD in 2026, and then all the way up to 1,000+ TPD by the end of 2027.

Next we got into the larger growth vision of the company, as it will turn it's it focus to exploring this district scale land package the end of next year, through organically generated revenues.  The property hosts 8 different past-producing mines, with the 2 first priorities being to explore around the El Rincon and Mina de Agua mines.   Additionally, there is a non-compliant 17 million ounce historic resource at the Nazareno Mine, and also solid underground infrastructure at the nearby Coloso Mine, that First Majestic had put quite a bit of sunk cost into already that will be an area of future expansion.

We wrap up discussing the benefits of having First Majestic as a key 44.9% stakeholder, where they have provided data, employees, and a small loan to the Company at favorable terms. Management and insiders hold a heavier 24.8% stake in the company, with no outstanding warrants, and with several key members of the management team that have worked and operated the La Guitarra mine in the past. 

If you have any questions for Alex regarding Sierra Madre Gold and Silver, then please email us at either Shad@kereport.com or Fleck@kereport.com.

  • In full disclosure, Shad is a shareholder of Sierra Madre Gold & Silver at the time of this recording. 

Click here to follow the latest news from Sierra Madre Gold & Silver

KEReport
KEReport
The KE Report provides exclusive interviews with private money managers and sub $10 billion market cap companies. Interviews are published daily to help investors navigate the markets.
View all podcast by KEReport

Subscribe for Clear Insights

Freshly dropped news & interviews delivered to your inbox daily.
Please review our Disclaimer and Privacy Policy.

More Clear Commentary:

Cover for Revival Gold Welcomes a New Strategic Investor with an Important PEA on the Horizon

Revival Gold Welcomes a New Strategic Investor with an Important PEA on the Horizon

Cover for Talisker Resources – Comprehensive Exploration And Development Update As The Mustang Mine Is Moving Towards Near-term Production At The Bralorne Gold Project

Talisker Resources – Comprehensive Exploration And Development Update As The Mustang Mine Is Moving Towards Near-term Production At The Bralorne Gold Project

Cover for Vizsla Copper's Setup for New Discoveries in 2025

Vizsla Copper's Setup for New Discoveries in 2025

Cover for GOLD: 7 Projects in Australia | S2 Resources Interview

GOLD: 7 Projects in Australia | S2 Resources Interview

Cover for Kuya Silver - Bethania Silver Project: Production Ramp-Up & Exploration Updates

Kuya Silver - Bethania Silver Project: Production Ramp-Up & Exploration Updates

Cover for Graphene Manufacturing Group - Expansion Plans, Sales Growth, & Market Potential

Graphene Manufacturing Group - Expansion Plans, Sales Growth, & Market Potential

Copyright © 2025 Clear Commodity Network. All Rights Reserved.

  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share
  • Tweet
  • Share
  • Share
  • Share
  • Share
  • Share