Sierra Madre Gold and Silver Ltd V.SM

Alternate Symbol(s): SMDRF

Metals & Mining Industrial Metals & Minerals

Sierra Madre Gold and Silver Ltd. is a Canada-based metals development and exploration company, focused on evaluating the potential of restarting the La Guitarra Mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic and La Tigra properties in Nayarit, Mexico. The La Guitarra Mine is a permitted, past-producing underground mine which includes an approximately 500 tons per day processing facility. The Tepic project is located around 27 kilometers (km) south-southeast from the city of Tepic, the capital of the State of Nayarit, Mexico. The project consists of five mining concessions totaling 2,612.5 hectares (ha) and hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. The La Tigra project is located around 148 km north of the Tepic property, Nayarit, Mexico. The project consists of seven mining concessions totaling 357 ha covering most of the historical mines in the Distrito Minero Del Tigre.

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Sierra Madre Gold and Silver Ltd

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Post by Rainydayon Nov 28, 2022 7:44pm

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Post# 35135324

From Gecko Research

We do hold other PM juniors, but none of them come even close to Sierra Madre in size and importance. The acquisition of La Guiterra from First Majestic is closing in a matter of weeks and this will immediately put Sierra Madre in the near-term producer category.

After talking to management in depth, La Guiterra could have its first pour in roughly two years from now. As investors tend to start repricing things in advance, we think this strategy will increase the valuation of SM significantly in 2023 and beyond. A very large holding of ours, not trading it.

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