The latest update is out from Sierra Madre Gold & Silver Ltd. ( ($TSE:SM) ).
Sierra Madre Gold and Silver Ltd. has announced the commencement of full commercial production at its Guitarra Mine Complex in Mexico as of January 1, 2025. This milestone is expected to significantly enhance the company’s operational metrics, including revenues and concentrate shipments, and marks a promising outlook for future operations by establishing a strong operational culture. The successful transition to production was aided by the timely and budget-conscious repairs and upgrades performed by the company’s personnel, setting a positive trajectory for the company’s standing in the mining industry.
More about Sierra Madre Gold & Silver Ltd.
Sierra Madre Gold and Silver Ltd. is a precious metals producer and exploration company focused on the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine includes a processing facility and is a past-producing underground mine. The company’s management team has extensive experience in managing large mineral reserves and raising significant capital for mining ventures.
YTD Price Performance: -5.21%
Average Trading Volume: 68,722
Technical Sentiment Consensus Rating: Hold
Current Market Cap: C$51.24M
Find detailed analytics on SM stock on TipRanks’ Stock Analysis page.
