Sierra Madre Gold and Silver Ltd. is pleased to announce a non-brokered private placement for gross proceeds of up to $500,000 with one existing investor in the Company. The Offering will consist of up to 1,250,000 common shares of the Company at a price of $0.40 per Share. Net proceeds will be used for future marketing activities and general [...]
Sierra Madre Gold and Silver Ltd. is pleased to give an update on the progress of test mining and processing at the Guitarra mine complex. The testing of the flotation plant began on the 25th of June, 2024 and has been in continuous daily operation. A total of 20,401 tonnes of material containing economically interesting silver and gold [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce first shipments of silver and gold concentrates from the 100% owned Guitarra Mine Complex located in Estado de Mexico, Mexico. On July 25, 2024 the Company shipped 90.68 dry metric tonnes which contained approximately 3,000 grams of silver and 30 grams gold per DMT. The Company has [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce the commencement of test mining and processing at the Guitarra Mine Complex in Estado de Mexico, Mexico. The flotation plant has processed 5,698 dry tonnes of mineralized material from the Guitarra mine and is currently averaging 259 dry tonnes per day . This marks a significant milestone for [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has signed a binding off-take agreement with Swiss-based global minerals trader MRI Trading AG for 100% of concentrate sales from the Guitarra silver-gold mine in Mexico for a 24-month term. Alex Langer, Sierra Madre's President and CEO, states, "While we received extensive interest [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that SEMARNAT, the federal Mexican regulatory agency in charge of environmental permitting, has approved modifications to the existing operating permit for the Guitarra Mine and Mill complex, located in the State of Mexico, Mexico. These modifications will allow for: Dry Stack Tailings [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce the appointment of Mr. Jose Francisco Correa Robles as General Manager of La Guitarra Silver-Gold Mine and Mill Complex in Estado de Mexico, Mexico. The Company also announces the issuance of stock options to La Guitarra employees, advisors and consultants of the company. Mr. Correa has more [...]
VANCOUVER, BC, May 8, 2024 /CNW/ - Trading resumes in: Company: Sierra Madre Gold and Silver Ltd. TSX-Venture Symbol: SM All Issues: Yes Resumption : 8:00 AM 05/09/2024 CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that First Majestic Silver Corp. has today advanced the Company a non-revolving, secured term loan in the amount of US$5 million pursuant to the terms of a loan agreement entered into by the Company and First Majestic. Since acquiring the La Guitarra Silver-Gold Mine Complex in Estado de [...]
VANCOUVER, BC, May 8, 2024 /CNW/ - The following issues have been halted by CIRO Company: Sierra Madre Gold and Silver Ltd. TSX-Venture Symbol: SM All Issues: Yes Reason: Cease: Pending News Halt Time : 3:29 PM CIRO can make a decision to impose a temporary suspension of trading in a security of a publicly-listed company. Trading halts are [...]
Sierra Madre Gold and Silver Ltd. is pleased to announce that it has upsized and closed its previously announced non-brokered private placement financing , raising total gross proceeds of approximately $1,000,020. The Company issued 3,571,500 shares at a price of $0.28 for aggregate gross proceeds of $1,000,020. Net proceeds will be used to fund [...]
Sierra Madre Gold and Silver Ltd. is pleased announce a non-brokered private placement with an existing long-term institutional shareholder the Company . The Offering consists of 3,571,428 shares for aggregate gross proceeds to the Company of $1,000,000 at a price of $0.28 per share . Net proceeds will be used to fund the continued care and [...]
