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 precious metals development and exploration company. The Company is focused on evaluating the potential of restarting the Guitarra mine in the Temascaltepec mining district, Mexico, and the exploration and development of its Tepic property in Nayarit, Mexico. The Guitarra mine is a permitted, past-producing underground mine, which includes a 500 t/d processing facility. The Guitarra mine is located in the Temascaltepec mining district, over 130 kilometers (km) southwest (SW) of Mexico City and covering approximately 39,714 hectares. The Tepic project is located approximately 27 km south-southeast of the city of Tepic, the capital of the State of Nayarit, Mexico. The Tepic Project hosts low-sulfidation epithermal gold and silver mineralization. The project consists of five mining concessions totaling approximately 2,612.5 hectares.

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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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