SM: Ramps Up Production+ Plans Major Expansion Sierra Madre Gold and Silver Ramps Up Production and Plans Major Expansion at La Guitarra
$SM.V | $SMDRF
Sierra Madre Gold and Silver is executing a two-stage expansion at its La Guitarra Mine Complex in Mexico, supported by its recent C$19.5M financing and ongoing production growth across three mines.
Expansion Strategy:
The company plans to increase throughput from 500 tpd to 750–800 tpd by Q2 2026, with the addition of a paste fill plant, fourth ball mill, and second cone crusher.
A second expansion will lift capacity to 1,200–1,500 tpd by Q3 2027 via a new Dry Stack Tailings Facility and additional crushing circuit. Both phases are fully funded through treasury and cash flow.
Operational Ramp-Up:
Mining is now underway at the Nazareno Mine, complementing the Coloso and La Guitarra operations. Higher-grade ore from Coloso and Nazareno—1.2–1.7x higher grades than La Guitarra—is expected to lift recoveries and lower costs in coming quarters.
Exploration Outlook:
Sierra Madre will launch a 25,000m drill program in 2026 targeting the East District concessions, which host eight historic mines. Early work focuses on El Rincn and Mina de Agua, with the goal of defining new high-grade resources.
CEO Alex Langer emphasized that these steps position Sierra Madre to become a mid-tier silver-gold producer with strong leverage to current metal prices and a clear path for production and resource growth across its fully permitted district.
Full interview: https://www.youtube.com/watch?v=3GMC7O5gzvc
*Posted on behalf of Sierra Madre Gold and Silver.