Sierra Madre Gold and Silver Ltd (SM)

Posted on behalf of Sierra Madre Gold & Silver Ltd. - Sierra Madre (SM) Mexico’s Next Silver Mid-Tier with 50Moz AgEq, Production Ramp to 3-6Moz & Major Exploration Upside

(TSXV: SM | OTCQX: SMDRF) positioned itself in Sydney as “Mexico’s next silver mid-tier,” outlining a disciplined growth strategy anchored in production, expansion, and strategic acquisitions.

https://www.reddit.com/r/PennyStocksCanada/comments/1u3b27p/sierra_madre_sm_mexicos_next_silver_midtier_with/

Posted on behalf of Sierra Madre Gold and Silver Ltd. — SM.v; SMDRF

Sierra Madre Gold and Silver’s Director, Jorge Monroy, and CFO, Ken Scott, recently delivered an in-depth presentation detailing the company's recent growth and the broader outlook for silver mining in Mexico.

During the session, the executives broke down how current silver market dynamics are impacting profitability and detailed the unique opportunities within Mexican silver districts.

Throughout the presentation, they addressed several key topics including the company's recent strategic acquisitions, plans for operational expansion, and the cost structures being implemented to maximize efficiency.

Looking ahead, the company is focused on continuing the production ramp-up at its Guitarra Mine Complex to drive operational cash flow.

Furthermore, following recent antitrust approval for the acquisition of the Del Toro Silver Mine, Sierra Madre is positioned to expand its asset portfolio and solidify its transition into Mexico's next mid-tier silver producer.

Watch the full presentation here:

Posted on behalf of Sierra Madre Gold & Silver Ltd. -Sierra Madre Gold & Silver (TSXV: SM | OTCQX: SMDRF): Profitable Silver Producer Scaling Toward Mid-Tier with 50Moz Resource Base & Multi-Mine Expansion in a Rising Precious Metals Bull Market

(TSXV: SM | OTCQX: SMDRF) positioned itself in Sydney as “Mexico’s next silver mid-tier,” outlining a disciplined growth strategy built on production, expansion, and strategic acquisitions.

https://www.reddit.com/r/MetalsOnReddit/comments/1u0p07p/sierra_madre_gold_silver_tsxv_sm_otcqx_smdrf/

Posted on behalf of Sierra Madre Gold and Silver Ltd. — SM.v; SMDRF

"We are hitting our stride at exactly the right time," said Sierra Madre’s COO Gregory Liller and CFO & Corporate Secretary Ken Scott in their latest investor update, where they broke down a blockbuster first quarter of 2026 at the newly restarted La Guitarra Mine in Mexico.

With commercial production firing on all cylinders since January, the company is rapidly translating operational success into major financial milestones.

Key takeaways from the high-energy executive discussion include:

The management team delivered record-setting Q1 2026 revenue paired with exceptionally strong operating cash flow, proving the commercial viability of La Guitarra right as silver prices catch tailwinds.

Infrastructure upgrades are moving fast, with an active mill expansion currently underway to push throughput from the initial baseline up to a commanding 800 tonnes per day.

Underground development is accelerating at the high-priority Coloso and Nazareno mine areas, which will provide the crucial high-grade ore needed to maximize the expanded mill capacity.

Backed by a leadership team that has collectively raised over $1 billion for mining ventures, the company is aggressively executing a long-term production strategy to transition into a dominant, mid-tier Mexican silver producer.

La Guitarra is proving to be just the beginning of Sierra Madre's growth narrative in the historic Temascaltepec district.

Watch the full video here:

Posted on behalf of Sierra Madre Gold & Silver Ltd. -Sierra Madre Gold & Silver (TSXV: SM) Clears Major Regulatory Hurdle for Del Toro Acquisition: Now on Track for Multi-Asset Silver-Gold Production in Mexico by Mid-2028

(TSXV: SM | OTCQX: SMDRF) has secured approval from Mexico’s antitrust authority (COFECE) for its acquisition of the Del Toro Silver Mine — a key regulatory milestone that advances its multi-asset production strategy.

https://www.reddit.com/r/MetalsOnReddit/comments/1twz37r/sierra_madre_gold_silver_tsxv_sm_clears_major/

Posted on behalf of Sierra Madre Gold and Silver Ltd. — SM.v; SMDRF

In a recent sneak peek from an investor event in Sydney, Sierra Madre Lead Director Jorge Monroy explained that the company has a historic, once-in-a-cycle opportunity to grow into a mid-tier silver producer.

He highlighted that primary silver producers are exceptionally rare globally, making the sector a unique equity class that is drawing significant interest from bullish North American investors.

Operating in Mexico—the world's dominant silver producer for the last 500 years—the company remains well-positioned in a region famous for world-class discoveries to achieve its objective of scaling production to between three and five million ounces.

View the video here: If you like silver like me, you'll love Sierra Madre $SM

I’ve known Jorge for ages; they are now aiming to repeat Reyna Silver's success story and become a silver mid-tier.

Here's a sneak peek of their update during our investor lunch in Sydney. pic.twitter.com/8qgxdKNGVu— Paola Rojas 🐝 (@paola_rojas) June 2, 2026

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold & Silver, Leverage at $76 Silver: Restarted Mine, Rapid Expansion & Second Asset Acquisition in a Structural Bull Market

With silver trading around $76/oz after briefly touching $118 earlier this year, the market is asking a fair question: is this a top, or the early innings of a structurally supported move?

https://www.reddit.com/r/PennyCatalysts/comments/1tub31z/sierra_madre_gold_silver_leverage_at_76_silver/

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold & Silver (SM.v SMDRF) has received approval from Mexico's antitrust agency, COFECE, for its planned acquisition of the Del Toro Silver-Gold Mine in Zacatecas, marking a key regulatory step toward completing the transaction. If completed, the acquisition would add a second production-ready asset to the company's portfolio alongside the producing La Guitarra Mine, which restarted commercial production in January 2025 and is currently undergoing a two-stage expansion expected to more than double throughput by mid-2027. Full news here: https://sierramadregoldandsilver.com/read/auto-news-1779481171

Posted on behalf of Sierra Madre Gold & Silver Ltd. - Sierra Madre Gold & Silver (TSXV: SM) Powers Up Profitable Growth – La Guitarra Expansion + Del Toro Restart Path Secured

(TSXV: SM) is transitioning from restart story to growth-stage producer — but the key question remains: can rising silver output in Mexico translate into durable profitability?

https://www.reddit.com/r/CanadianStockExchange/comments/1tqguux/sierra_madre_gold_silver_tsxv_sm_powers_up/

Posted on behalf of Sierra Madre Gold and Silver Ltd. - SM.v; SMDRF announced last week that it has received approval for the acquisition of the Del Toro Silver Mine in the Chalchihuites District in Mexico from Mexico's antitrust agency, the Comisión Federal de Competencia Económica.

Alex Langer, Chief Executive Officer, commented, "Receiving COFECE approval is a key regulatory milestone and a strong validation of our strategy of building a multi-asset producing silver and gold portfolio in Mexico. With this clearance, we are well-positioned to finalize the acquisition and move forward with our plans to advance exploration ahead of a possible planned restart of Del Toro."

Upon closing of the Acquisition, Sierra Madre would hold the producing La Guitarra mine - where a two-stage expansion is underway to more than double throughputs by mid-2027 - as well as Del Toro.

Current plans are to commence the mine restart process at Del Toro in mid-2027, with first production expected in mid-2028.

View the full news release here: https://sierramadregoldandsilver.com/read/auto-news-1779481171

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold and Silver (SM.v SMDRF) recently reported record Q1 2026 revenues of US$10.1M & Adjusted EBITDA of US$2.8M as production ramps up at its La Guitarra Mine Complex in Mexico. SM is advancing plant capacity expansion & preparing a planned 30,000m drill program. Full breakdown here⬇️
https://www.reddit.com/r/CanadaStocks/comments/1ti3tl0/sierra_madre_gold_silver_smv_smdrf_reports_record/

Posted on behalf of Sierra Madre Gold & Silver Ltd. - Sierra Madre Gold & Silver (TSXV: SM | OTCQX: SMDRF): Silver Producer with Near-Term Asset Expansion and 30,000m+ Exploration Drill Program in 2026

(TSXV: SM | OTCQX: SMDRF) was featured in a recent Mining News Flash highlighting continued operational momentum at La Guitarra and multiple 2026 growth catalysts.



https://www.reddit.com/r/Penny_Stocks_Canada/comments/1tnlaw0/sierra_madre_gold_silver_tsxv_sm_otcqx_smdrf/

Sierra Madre Receives Mexican Antitrust Approval for the Acquisition of the Del Toro MineMay 22, 2026 4:19 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has received approval for the acquisition ("Acquisition") of the Del Toro Silver Mine in the Chalchihuites District in Mexico ("Del Toro") from Mexico's antitrust agency, the Comisión Federal de Competencia Económica ("COFECE"). Alex Langer, Chief Executive Officer, commented, "Receiving COFECE approval is a key regulatory milestone and a strong validation of our strategy of building a multi-asset producing silver and gold portfolio in Mexico. With this clearance, we are well-positioned to finalize the acquisition and move forward with our plans to advance exploration ahead of a possible planned restart of Del Toro." Upon closing of the Acquisition, Sierra Madre would hold the producing La Guitarra mine - where a two-stage expansion is underway to more than double throughputs by mid-2027 - as well as Del Toro. Current plans are to commence the mine restart process at Del Toro in mid-2027, with first production expected in mid-2028. Del Toro is a fully permitted, past-producing underground silver-gold-lead mine with an on-site process plant that operated between 2013 and 2019. It features three underground centres, with a total of over 62.5 km of development in place. The site includes a functional process circuit: three mills with a total capacity of 3,000 tpd, sulphide and oxide flotation circuits as well as a new dry stack tailings storage facility. Please see the Company's December 17, 2025 press release for details of the Del Toro acquisition. Qualified Person Mr. Gregory Smith, P. Geo, Director of Sierra Madre, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein.About Sierra MadreSierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development, extraction, 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 is a permitted underground mine, which includes a 500 tpd processing facility that operated until mid-2018 and restarted commercial production in January 2025.The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
778-820-1189Contact:
investor@sierramadregoldandsilver.comCautionary Note Regarding Production Decisions The Company's decision to place the mine into commercial production, expand a mine, make other production related decisions, or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports from previous operations and the results of test mining and processing. The Company is not basing any production decisions on NI 43-101 compliant reserve estimates, preliminary economic assessments or feasibility studies and, as a result, there is greater risk and uncertainty as to future economic results from the Guitarra Mine Complex, including increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision.Cautionary Note Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements with respect to: the completion of the Transaction on the terms set out in the definitive agreement (or at all); the ability of the Company to obtain requisite regulatory approvals for the Transaction, including but not limited to the approval of the TSX Venture Exchange; the anticipated timeline for and ability of the Company to restart the Del Toro mine, including the expectation that the restart process will commence mid-2027 and that first production will occur in mid-2028; the planned two-stage expansion at the La Guitarra mine and the anticipated timeline to more than double throughputs by mid-2027; and the Company's plans to advance exploration at Del Toro.In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company will be able to receive all remaining required regulatory approvals by the timelines currently anticipated (or at all); that the Company will be able to complete the two-stage expansion at La Guitarra within the timelines currently anticipated; and that the Company's exploration activities will yield results sufficient to support a planned restart of Del Toro. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of the Company to control or predict, that may cause the Company's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to: the risk that the Company is not able to complete the Transaction on the terms set out in the definitive agreement (or at all); the risk that the Company is unable to obtain requisite regulatory approvals, including but not limited to the approval of the TSX Venture Exchange; the risk that the Company may not be able to restart the Del Toro mine or achieve first production within the timelines currently anticipated or at all; the risk that the two-stage expansion at La Guitarra may not be completed within the timelines currently anticipated or may not achieve the anticipated increase in throughput; the risk that exploration activities may not yield results sufficient to support a planned restart; and the risks and uncertainties associated with the Company's production decisions not being based on NI 43-101 compliant reserve estimates, preliminary economic assessments, or feasibility studies, as described in the Cautionary Note Regarding Production Decisions above.Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.SOURCE: Sierra Madre Gold and Silver Ltd.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/298661 Original: Sierra Madre Receives Mexican Antitrust Approval for the Acquisition of the Del Toro Mine

Posted on behalf of Sierra Madre Gold & Silver Ltd. - (TSXV: SM | OTCQX: SMDRF) reported record quarterly revenues for Q1 2026, highlighting operational momentum at La Guitarra and positioning the company for a stronger second half of the year

Q1 2026 Financial Highlights

• US$10.1M in revenue (record quarterly result)

• US$2.8M Adjusted EBITDA, up from US$1.1M in Q1 2025

• US$3.5M cash from operations

• US$3.61M gross profit

• US$13.2M cash & equivalents and US$14.4M working capital

• 128,827 AgEq ounces sold

Silver revenues totaled US$5.9M and gold revenues US$5.1M, reflecting strong realized pricing and steady production.

Cost Context

Cash costs were US$42.55 per AgEq ounce, influenced by:

• Ramp-up at Coloso and Nazareno

• Feed blend optimization impacting recoveries

• Inflationary pressures and higher royalties

• A lower Au:Ag conversion ratio (57.62 vs. 88.02 in Q1 2025), which reduced reported AgEq ounces and made unit costs appear higher on a silver-equivalent basis

Management notes that applying the prior-year ratio would reduce Q1 2026 costs by approximately US$4.03 per AgEq ounce, underscoring that core operating performance remains solid.

Operational Momentum

• 41,699 tonnes milled in Q1

• Production of 58,506 oz silver and 932 oz gold

• Ongoing ramp-up at Coloso and Nazareno

• Strategic equipment purchases to reduce rental costs and improve continuity

Growth Catalysts Ahead

• Phase I of the La Guitarra expansion (500 tpd ? 750–800 tpd) on track for completion by end of Q2 2026

• Phase II expansion targeting up to 1,200–1,500 tpd by Q3 2027

• Del Toro acquisition approved by shareholders

• 30,000-metre exploration program planned in the East District (H2 2026)

Sierra Madre delivered record revenues, expanding EBITDA, and growing operating cash flow while investing in throughput expansion and mine development.

With higher grades expected, expanded plant capacity coming online, and the Del Toro acquisition advancing, the company is transitioning from stabilization to scaled growth in a favourable silver price environment.

https://www.newsfilecorp.com/release/297923

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Today, Sierra Madre Gold and Silver Ltd. (SM.v SMDRF) reported record quarterly revenues for Q1 2026 as it continues ramping up operations at its producing La Guitarra Mine Complex & is preparing for a planned 30,000m drill campaign. SM sold 128,827 silver equivalent ounces in Q1 2026 while generating record quarterly net revenues of US$10.1 million and adjusted EBITDA of US$2.8 million. Looking ahead, SM expects improved head grades, increased production from Coloso and Nazareno, and lower unit mining costs as more in-resource material is processed and the expanded La Guitarra plant comes online later this quarter.

Full news here: https://sierramadregoldandsilver.com/read/auto-news-1779188438

Sierra Madre Reports Strong Q1 2026 Financial Results, Record Quarterly RevenuesMay 19, 2026 7:00 AM
Newsfile128,827 Silver Equivalent Ounces Sold in Q1 2026 Quarterly Net Revenues of US$10.1 Million and Adjusted EBITDA of US$2.8 Million First Phase of La Guitarra Capacity Expansion on Schedule for Completion by the End of Q2 2026Vancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to provide financial results for the quarter ended March 31, 2026 ("Q1 2026"). Unless otherwise noted, all amounts are expressed in U.S. dollars. Alex Langer, Chief Executive Officer, commented, "Our Q1 revenues of US$10.1 million are a record for the Company. With a steady production base, Sierra Madre leveraged the effects of rising commodity prices. We are on solid footing heading into the rest of 2026. Head grades are anticipated to improve as Coloso and Nazareno mines continue to ramp up. We have purchased haul trucks, scoop trams, and invested in backup generators to reduce operating costs and sustain production continuity. The Guitarra plant capacity expansion is anticipated to be completed by the end of Q2 2026 and is expected to increase throughputs by over 50% from current levels. We expect these initiatives to materially increase production while reducing unit costs." Mr. Langer continued, "We are also looking forward to closing the Del Toro mine acquisition and preparing for exploration in the East District of the La Guitarra Mine Complex, with over 30,000 metres of drilling, planned to start in H2 2026."Highlights Revenues: Gross silver revenues for the quarter totalled $5.9 million ($85.14 per ounce) and gold revenues totalled $5.1 million ($4,906 per ounce). Silver revenues for the quarter ended March 31, 2025 ("Q1 2025") totalled $2.3 million ($31.13 per ounce) and gold revenues totalled $2.9 million ($2,828 per ounce).Sales: In Q1 2026, the Company sold 69,006 ounces of silver ("Ag") and 1,038 ounces of gold ("Au") or 128,827 silver equivalent ("AgEq") ounces, based on the ratio of silver and gold prices realized for each shipment in the quarter. This compares to 75,137 ounces of Ag and 1,022 ounces of Au or 165,093 AgEq ounces sold in Q1 2025.Cash Costs for the quarter were $42.55 per AgEq ounce produced, as compared to $33.63 per AgEq ounce produced in Q4 2025 and $22.51 in Q1 2025 due to a number of factors including the ramp up of operations at Coloso and Nazareno and inflationary pressures on our input costs, as detailed below.Adjusted EBITDA of $2.8 million for Q1 2026 compares to $1.1 million for Q1 2025.Cash from Operations: the Company generated $3.5 million of cash from operating activities in Q1 2026 as compared to $729 thousand in Q1 2025.Gross Profit was $3.61 million for Q1 2026, as compared to $1.36 million for Q1 2025.Cash and cash equivalents and short-term investments at March 31, 2026 totalled $13.2 million and working capital totalled $14.4 million.Cost Drivers: Ramp-up and development activities at Coloso and Nazareno (discussed below) drove a significant share of the current production from off-book, out-of-resource, lower-grade material, which weighed on unit mining costs. Gold and silver recovery declines stemmed from feed blend optimization across the three mines, further pressuring costs. Additional headwinds included higher pay rates and a ~29% expansion of La Guitarra's staff base ahead of the planned expansion; elevated commodity prices driving higher mine royalty payments and production taxes; a strengthening Mexican peso increasing the cost of peso-denominated operating expenses; and broader inflationary pressures — all of which contributed to quarterly cost performance.Del Toro Acquisition and Financing: In December 2025, the Company announced its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. ("First Majestic") and complete a concurrent financing, which subsequently closed in escrow for gross proceeds of CAD$57.5 million - see the Company's December 17, 2025 press release for details of the acquisition and financing and January 14, 2026 and January 30, 2026 press releases for details of the financing.Del Toro Acquisition - Shareholder Approval: On April 28, 2026, Sierra Madre announced that shareholders had approved the acquisition of the Del Toro mine at a special meeting.La Guitarra Expansion: As announced on September 8, 2025, the Company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase the nameplate capacity of the mill from 500 tonnes per day ("tpd") to a range of 750-800 tpd. The second phase is anticipated to be completed by Q3 2027, with the aim of increasing the capacity to a range of 1,200-1,500 tpd at Guitarra.First Majestic Loan Payment: On February 6, 2026, the Company made a principal payment of $2.5 million on the $5 million senior secured project financing loan with First Majestic. Please see the Company's March 24, 2026 press release for details.Additional Q1 2026 Operational Details Mine Operations: The Company milled 41,699 tonnes of material, with silver recoveries averaging 71.98% and gold recoveries averaging 71.61%. In Q1 2025, the Company milled 39,167 tonnes of material, with silver recoveries averaging 79.21% and gold recoveries averaging 78.77%.Production: Sierra Madre produced 58,506 ounces of silver and 932 ounces of gold in Q1 2026, compared to production of 70,176 ounces of silver and 1,001 ounces of gold in Q1 2025. Development: 759.20 metres of development were completed in Q1 2026, compared to 775.70 metres in Q1 2025.Coloso and Nazareno: Mining restarted at the higher-grade Coloso underground mine at the end of Q1 2025 (estimated resource grades at Coloso are significantly higher in both silver and gold compared to the Guitarra mine veins1). In September 2025, Sierra Madre also announced the restart of mining at the Nazareno mine. The Company is focused on ramping up operations at Coloso and Nazareno ahead of the increased plant throughput levels anticipated upon completion of Phase I of the Guitarra expansion. To meet the Phase I and II production targets, in late April, Sierra Madre selected a special services contractor to provide equipment and manpower to accelerate mine development at Coloso and Nazareno. The contractor began mobilization to site in early May. Once the contractor is in place, the Company will be able to transfer its miners and equipment to the Guitarra mine to accelerate production.Expansion Progress: For the two-phase expansion of the La Guitarra plant, Sierra Madre has acquired key equipment— including a second crusher (tested and installed) and a 600-700 tpd ball mill, now refurbished and under contract for installation, with commissioning expected in late Q2 2026. Construction crews for the ball mill foundation work have been mobilized to site and the purchase of critical equipment has begun. Construction of a thickener tank with a rated capacity of 800 tpd began in January 2026 and is expected to be completed in late June. This would thicken tailings to ±60% solids, allowing a significant portion of the tailings to be pumped directly to open stopes below the main San Raphael mine level, using existing tailings pumping equipment. Equipment Purchases: Multiple haul trucks were purchased in April to replace rental trucks and are expected to lead to a significant reduction in operating costs. Two new scoop trams were acquired in order to meet the mining production demands of the expansion plans. Sierra Madre has also purchased two diesel generators for installation at the Guitarra mine as well as a generator for the Coloso-Nazareno mine complex. Construction for housing this equipment has begun at both sites and all needed ancillary equipment for power hook-up has been purchased.Exploration: On October 23, 2025, the Company announced the start of a $3.5 million exploration program at the East District of the Guitarra mine complex. Upon completion of mapping, sampling and drill target delineation, a 30,000-metre drill program would then be undertaken to further assess the targets' economic potential. Drill permit preparation is underway and drilling is expected to start in H2 2026. Sierra Madre is also sourcing a large core rig for drilling long sub-horizontal holes from the fully permitted, mining-designated Tlacotal area.Outlook Improved head grades of the mineralized material are expected through the remainder of 2026 as a higher proportion of fresh mineralized ore from in-resource material is processed, with an expected decrease in unit mining costs.The Company also expects increased production from the recent re-start of operations at Coloso and Nazareno as the mine development proceeds, de-watering continues, and progress is made towards the higher-grade areas. With the first phase of the Guitarra expansion expected to come on-line later this quarter, Sierra Madre expects to see meaningfully higher production once operational along with a further reduction in costs. Quarterly Financial OverviewSelected financial information set out below is based on and derives from the unaudited condensed consolidated interim financial statements of the Company for each of the quarters listed, which have been prepared in accordance with IFRS, as applicable to quarterly reporting:
Mar. 31,
2026 (Q1)
($)Dec. 31,
2025 (Q4)
($)Sep. 30,
2025 (Q3)
($)Jun. 30,
2025 (Q2)
($)Mar. 31,
2025 (Q1)
($)Dec 31,
2024 (Q4)
($)Sep. 30,
2024 (Q3)
($)Jun. 30,
2024 (Q2)
($)Revenues10,108,0678,318,5995,919,2115,756,9974,960,8873,911,5422,668,991-Gross profit3,610,0343,719,1152,103,3081,687,7961,355,9991,085,167381,405-Share-based compensation849,506345,298654,394242,758153,241330,820477,867812,762Income tax recovery (expense)(1,280,269)6,046,531(185,308)(166,810)(129,081)(44,084)(5,791)24,706Income (loss) for the quarter338,8397,454,68467,842276,160335,875(37,936)(855,766)(1,977,200)Income (loss) per share - basic and diluted0.000.040.000.000.00(0.00)(0.01)(0.01) This news release should be read in conjunction with the Company's condensed consolidated interim financial statements for the quarter ended March 31, 2026 and associated Management Discussion and Analysis ("MD&A"), both of which are available on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.sierramadregoldandsilver.com).AgEq ounces produced have been determined using a ratio of 77.27 Au:Ag for all periods based upon the ratio used in the 2023 technical report titled "NI 43-101 La Guitarra Technical Report, La Guitarra Mineral Resource Estimate, Guitarra Silver-Gold Project".AgEq quarterly ounces sold have been determined using the actual silver and gold prices obtained. The determined ratio used for Q1 2026 was 57.62 Au:Ag (Q1 2025 - 88.02). The higher cost per AgEq ounce in Q1 2026 was influenced in large part by the decline in silver prices relative to gold prices compared to Q1 2025, which resulted in a lower AgEq conversion ratio. This lower AgEq ratio reduced the number of reported AgEq ounces attributed to our gold production in Q1, making cash costs per AgEq ounce appear higher and less favourable despite strong performance and economic fundamentals. Applying the same ratio used for Q1 2025 to Q1 2026 would reduce the cost by $4.03 per AgEq ounce. However, as a primary silver producer, the current price environment remains favourable and strengthens the Company's overall economics.The Company reports non-GAAP measures, which include Cash Cost of Production per Tonne, Cash Cost per AgEq ounce produced, All-in Sustaining Cash Cost per AgEq ounce produced and Average Realized Price per AgEq ounce sold, Adjusted EBITDA, and working capital. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions. See "Non-GAAP and Other Financial Measures" section of the Company's Q1 2026 MD&A for definitions and reconciliations to GAAP measures.Qualified Person Mr. Gregory Smith, P. Geo, Director of Sierra Madre, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein.About Sierra MadreSierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development, extraction, 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 is a permitted underground mine, which includes a 500 tpd processing facility that operated until mid-2018 and restarted commercial production in January 2025.The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
778-820-1189Contact:
investor@sierramadregoldandsilver.comCautionary Note Regarding Production Decisions The Company's decision to place the mine into commercial production, expand a mine, make other production related decisions, or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports from previous operations and the results of test mining and processing. The Company is not basing any production decisions on NI 43-101 compliant reserve estimates, preliminary economic assessments or feasibility studies and, as a result, there is greater risk and uncertainty as to future economic results from the Guitarra Mine Complex, including increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision.Cautionary Note Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements include, without limitation, statements regarding discussions of future plans, including the expected timing of concentrate shipments; the Company increasing production; the Company receiving revenues on a weekly basis and such revenues allowing the Company to comfortably expand to without further capital needs; production and the expected timing and production levels thereof.The forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that predicted production levels will be achieved and that existing production levels will be maintained. In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will be able to execute its future plans as intended, that predicted production levels will be achieved and that existing production levels will be maintained.Although management of the Company has attempted identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes.SOURCE: Sierra Madre Gold and Silver Ltd.1 A copy of the 2023 NI 43-101 report, prepared by TechSer Mining Consultants Ltd. ("TechSer") of Vancouver B.C., by David Thomas, P.Geo. and QP Geology and Cristian Garcia, P.Eng. and QP Mining, titled "La Guitarra Mineral Resource Estimate Guitarra Silver-Gold Project, Temascaltepec, Estado de México, México" with an effective date of October 24, 2023, is available on SEDAR+ and the company's website at https://sierramadregoldandsilver.com/presentations/NI-43-101-La-Guitarra-Mineral-Resource-Estimate.pdfTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/297923 Original: Sierra Madre Reports Strong Q1 2026 Financial Results, Record Quarterly Revenues

Posted on behalf of Sierra Madre Gold & Silver – Swiss Resource highlighted Sierra Madre’s (SM.v SMDRF) continued operational improvements at La Guitarra alongside multiple growth catalysts expected throughout 2026 following a strong 2025 performance:



Key catalysts discussed included the expected closing of the Del Toro acquisition, a 50% throughput expansion at La Guitarra, and a planned 30,000m exploration campaign in H2 2026. With this, SM remains positioned for additional operational and exploration milestones through 2026 as the company continues transitioning into a growing multi-asset silver producer.

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Last week, Sierra Madre (SM.v SMDRF) reported 628,196 silver equivalent ounces sold in 2025, with ~US$25 million in annual net revenues & US$6M in adjusted EBITDA during its first full year of commercial production at the La Guitarra mine in Mexico.

Sierra Madre also noted that its two-stage La Guitarra plant expansion remains on schedule, positioning the operation for increased throughput as development and ramp-up activities continue across the mine complex.

Full update here: https://sierramadregoldandsilver.com/read/auto-news-1777461248

Posted on behalf of Sierra Madre Gold & Silver Ltd. – After restarting La Guitarra at the start of 2025, Sierra Madre (SM.v SMDRF) has rapidly transformed into a profitable silver-gold producer, reporting US$24.96M in revenue, US$8.13M in net income, and US$6.03M in adjusted EBITDA while continuing to ramp operations quarter over quarter: Posted on behalf of Sierra Madre Gold & Silver Ltd. – "Mexico Mine Posts 628K Ounces in 2025 as Expansion and Second Project Advance"$SM.v $SMDRF

As highlighted by @SWReports, @SierraMadreSM reported a transformational 2025 following the restart of the La Guitarra mine,… https://t.co/lUaVicbieD pic.twitter.com/stnhEoRnI3— Stocks&Thoughts (@StocksNThoughts) May 5, 2026

With phased mill expansions already underway, a planned 60,000m of drilling across La Guitarra and Del Toro, and a proposed acquisition that could add another permitted processing hub by 2028, SM is positioning for significant production growth beyond its initial restart.

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Last week, Sierra Madre Gold and Silver (SM.v SMDRF) reported 2025 sales of 628,196 AgEq oz & $24.96M net revenue in its first full production year at La Guitarra, with $6.03M adjusted EBITDA. Q4 2025 revenue rose 40.5% QoQ. Plant expansion to 750–800tpd is on track for Q2 2026 commissioning. Full press release breakdown here⬇️
https://www.reddit.com/r/InvestingCanada/comments/1t19een/sierra_madre_gold_and_silver_ltd_smv_smdrf/

Posted on behalf of Sierra Madre Gold & Silver Ltd. – As highlighted by Streetwise Reports, Sierra Madre (SM.v SMDRF) reported a transformational 2025 following the restart of the La Guitarra mine, delivering strong financial growth, positive earnings, and continued operational ramp-up: https://www.streetwisereports.com/article/2026/04/30/mexico-mine-posts-628k-ounces-in-2025-as-expansion-and-second-project-advance.html

Additionally boasting a buy rating and $3.00 target price from VSA Capital, SM has shifted into profitable production with strong cash flow, while executing a clear growth strategy through plant expansions, exploration, and the Del Toro acquisition, positioning for increasing scale and future output growth.

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold and Silver Ltd. (SM.v SMDRF) recently reported its first full year of commercial production at La Guitarra since the January 2025 restart, selling 628,196 AgEq oz in 2025 and generating $24.96M in annual net revenue.

Q4 net revenues rose 40.5% quarter-over-quarter to $8.32M. Phase 1 of the La Guitarra expansion remains on schedule for commissioning by the end of Q2 2026, targeting throughput increases from 500tpd to 750–800tpd, with further expansion planned by Q3 2027.

Management expects improved head grades in early 2026 and to close the Del Toro mine acquisition this month. A 30,000m drill program at the East District of the La Guitarra mine complex is expected to start in H2 2026. Full update here: https://sierramadregoldandsilver.com/read/auto-news-1777461248

Posted on behalf of Sierra Madre Gold and Silver Ltd. - SM.v; SMDRF Sierra Madre Gold and Silver has released its Q4 and year-end 2025 financial results, capping off a landmark year for the company following the successful restart of the La Guitarra mine.

The company generated an impressive US$25 million in annual net revenues and an Adjusted EBITDA of US$6 million, successfully selling over 628,000 silver equivalent ounces over the course of the year.

Reflecting on the successful execution of their production strategy, CEO Alex Langer noted, "2025 marked a transformational year for the Company with the restart of La Guitarra at the start of 2025,” and, “On the mine operations front, we saw consecutive improvements in head grades through each quarter of 2025, as well as sequential increases in quarterly net revenues."

With commercial production steadily increasing and the two-stage capacity expansion at La Guitarra advancing perfectly on schedule for a Q2 2026 Phase 1 commissioning, Sierra Madre is well-capitalized to continue its operational momentum and drive further profitability this year.

View the full report here: https://sierramadregoldandsilver.com/read/auto-news-1777461248

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Today, Sierra Madre (SM.v SMDRF) detailed its transformational 2025, marking its first full year of production at La Guitarra with rising output, improving grades, and a clear path toward near-term growth through expansion and acquisition: https://sierramadregoldandsilver.com/read/auto-news-1777461248

Notably, SM has entered 2026 with improving grades, rising throughput, and multiple growth levers with phase 1 expansion and operational optimization expected to drive higher production and lower per-ounce costs, positioning the company for a step-change in scale and cash flow.

Sierra Madre Reports Q4 and Year-End 2025 Financial Results, Positive Operating PerformanceApril 29, 2026 7:13 AM
Newsfile628,196 Silver Equivalent Ounces Sold in 2025 Annual Net Revenues of US$25 Million and Adjusted EBITDA of US$6 Million Two-Stage La Guitarra Capacity Expansion on Schedule for Phase 1 Commissioning by the End of Q2 2026Vancouver, British Columbia--(Newsfile Corp. - April 29, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce its audited consolidated financial results for the year ended December 31, 2025 including results for the fourth quarter. Unless otherwise noted, all amounts are expressed in U.S. dollars. Alex Langer, Chief Executive Officer, commented, "As we report our full year results, 2025 marked a transformational year for the Company with the restart of La Guitarra at the start of 2025. On the mine operations front, we saw consecutive improvements in head grades through each quarter of 2025, as well as sequential increases in quarterly net revenues, for a total of US$24.96 million recorded for the year and US$2.57 million in income before income taxes. We also delivered on growth strategies, with the ongoing ramp up of two higher-grade centres – Coloso and Nazareno – as well as the start of a two-phase La Guitarra plant expansion that could more than double capacity by Q3, 2027. I would like to thank our team for delivering an exceptional first full year of operations at La Guitarra for Sierra Madre."Mr. Langer continued, "Heading into 2026, we see several growth milestones on the horizon. The acquisition of the Del Toro mine is expected to close in May, and we are looking forward to replicating the successful restart of La Guitarra at a second site. We are also excited to see the start-up of Phase 1 of the La Guitarra plant expansion – expected to increase throughputs by +50% from current levels and positively impact costs from economies of scale. Prolonged power outages were caused by an extended rainy season in 2025, and we anticipate seeing fewer interruptions in 2026 with the installation of multiple backup diesel generators across our operations; which are currently underway. Exploration in the East District of La Guitarra – the first modern campaign – is expected to kick off in H2 2026 with over 30,000 metres of drilling planned. We look forward to delivering strong news flow over the rest of 2026."Full Year 2025 Highlights Revenues: Gross silver revenues for 2025 totalled $10.68 million ($39.37 per ounce) and gross gold revenues totalled $13.77 million ($3,407 per ounce). Revenues for the year ended December 31, 2024 reflect a six-month Test Program period, during which silver revenues totalled approximately $3.28 million ($30.37 per ounce) and gold revenues totalled approximately $3.73 million ($2,594 per ounce). Provisional and final settlements of the concentrate shipments generated an additional $2.22 million in revenues for 2025. Sales: During 2025, the Company sold 271,204 ounces of silver ("Ag") and 4,041 ounces of gold ("Au") or 628,196 silver equivalent ("AgEq") ounces, based on the ratio of Au and Ag prices realized for each shipment in the year.Cash Costs: For 2025, cash costs were $27.90 per AgEq ounce sold as compared to $22.97 per AgEq ounce sold in 2024 when the mine was in the testing phase. Net Income: Net income was $8.13 million or $0.05 per share for 2025, as compared to a loss of $4.08 million or ($0.03) per share in 2024. Included in net income for 2025 is a $6.1 million income tax recovery.Cash from Operations: The Company generated $4.09 million of cash from operating activities in 2025, as compared to a use of cash of $3.65 million in 2024.Cost Drivers: Cash costs for 2025 increased compared to 2024 due to the impact of the strengthening of the Mexican peso versus the US dollar on our MXN denominated mining costs, an extended holiday season with minimal operations in the last two weeks of December, the impacts of the rainy season in Mexico, and the accompanying power outages, on our production volumes and the ramp up of operations at Coloso and Nazareno.Adjusted EBITDA increased to $6.03 million for 2025, as compared to a loss of $1.99 million for 2024.Cash and cash equivalents and short-term investments at December 31, 2025 totalled $17.3 million. Del Toro Acquisition and Financing: In December 2025, the Company announced its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. ("First Majestic") and complete a concurrent financing, which subsequently closed in escrow for gross proceeds of CAD$57.5 million – see the Company's December 17, 2025 press release for details of the acquisition and financing; and January 14, 2026 and January 30, 2026 press releases for details of the financing closing. La Guitarra Expansion: As announced on September 8, 2025, the Company has initiated a plan to expand production capacity at Guitarra in a two-phase program, with the first phase anticipated for completion by the end of Q2 2026, with the aim to increase name plate capacity from 500 tonnes per day ("tpd") to a range of 750 tpd - 800 tpd and the second phase anticipated for completion by Q3 2027, with the aim of increasing the capacity to a range of 1,200 tpd - 1,500 tpd at La Guitarra.Exploration: On October 23, 2025, the Company announced the start of a $3.5 million exploration program at the East District of the Guitarra mine complex. Upon completion, 30,000 metre drill program would then be undertaken to further assess the targets' economic potential, expected to start in H2 2026. Closed C$19.5M Private Placement: In July 2025, the Company closed a C$19.5 million brokered private placement. The key participants in the financing were Franklin Templeton, Eric Sprott and Commodity Capital, with strong participation by the management of the Company.First Majestic Loan Payment: On February 5, 2026, the Company made a principal payment of $2.5 million on the $5 million senior secured project financing loan with First Majestic. Please see the Company's March 24, 2026 press release for details.Sierra Madre Named as a 2026 Top 50 Company by the TSX Venture Exchange: As announced on February 18, 2026, Sierra Madre was named a 2026 TSX Venture Top 50 Company, recognized for its 264% share price appreciation and 342% market cap growth in 2025.Q4 2025 Highlights Net revenues for Q4 2025 increased by 40.5% to $8.32 million as compared to $5.92 million in Q3 2025, $5.76 million in Q2 2025, and $4.96 million in Q1 2025.Sales: During Q4 2025, the Company sold 63,043 ounces Ag and 963 ounces of Au or 135,958 AgEq ounces, based on the ratio of Au and Ag prices realized for each shipment in the period.Cost of sales was $4.58 million for Q4 2025 or $33.70 per AgEq ounce sold as compared to $3.82 million for Q3 2025, or $24.85 per AgEq ounce sold, $4.07 million for Q2 2025, or $23.45 per AgEq ounce sold, and $3.60 million for Q1 2025, or $21.84 per AgEq ounce sold.Gross Profit was $3.72 million for Q4 2025, as compared to $2.10 million for Q3 2025, $1.69 million for Q2 2025 and $1.36 million for Q1 2025.Q4 2025 Operational Details and Expansion ProgressMine Operations: Milled 40,869 tonnes of material, with silver recoveries averaging 73.89% and gold recoveries averaging 71.53%. In Q3 2025, the Company milled 38,433 tonnes of material, with silver recoveries averaging 76.96% and gold recoveries averaging 75.55%.Production: Produced 68,296 ounces of silver and 1,050 ounces of gold (vs. production of 67,785 ounces of silver and 967 ounces of gold in Q3 2025). Development: 770.20 metres of development completed in Q4 2025, compared to 653.0 metres in Q3 2025.Coloso Mining: At the end of Q1 2025, Sierra Madre made the decision to re-start production at the Coloso underground mine. The estimated resource grades at Coloso are significantly higher in both silver and gold compared to the Guitarra mine veins1. Since initiating production, the Company has expanded to six active stopes across two veins, with accelerated dewatering of lower mine levels expected to unlock additional resource blocks in H2 2026. Production from resource blocks below the existing workings is expected to come online next year.Nazareno Mining: Development work at Nazareno is well underway. Two Ramps have been started off the main 180 level haulage way, one to connect with the upper 150 level workings and one down to develop the lower blocks of mineralization and connect with the 200 level workings. Two stopes have been developed in the 180 level. The mineralized structure averages more than 4.5 meters in width hence both stopes have been developed for long hole mining. Blast hole drilling is now complete with full production beginning in May. In January 2026, the Company began the installation of an underground electrical substation and other mine services necessary for the use of a jumbo drill in Nazareno - the jumbo has since replaced jack leg drills. The transition to a jumbo drill has accelerated ramp construction and production sill development. Full production from long-hole stopes at the 180 level is expected to begin in late April.Expansion Progress: In Q4 2025 and into 2026, work continued on the two-phase expansion of the La Guitarra plant. For Phase 1, a used 3-ft crusher was purchased, refurbished, and came online in April 2026. This addition, together with modifications to the primary crusher, are expected to allow the circuit to meet the 750 tpd - 800 tpd Phase 1 objective.For Phase 1, a used 11 ft × 12.5 ft ball mill (600 tpd –700 tpd capacity) was purchased in December 2025 and refurbishment is close to completion. Installation is planned for May 2026, pending geotechnical test results, and would bring total milling capacity to ~1,200 tpd. A fourth ball mill is also planned for redundancy and for Phase 2 expansionConstruction of a thickener tank, with an 800 tpd capacity, was started in January 2026 with completion expected in June 2026. Thickened tailings (60%+ solids) will be pumped into underground stopes, preserving capacity in the current tailings facility until Phase 2 is complete. A high-capacity piston pump will be needed for stopes more than 30–40 meters above the San Raphael level. An additional seven underground and surface haul trucks are being purchased in 2026 to support the expansion. Outlook With head grades improvements in each quarter of 2025, Sierra Madre anticipates further improved head grades of the mineralized material in the first quarter of 2026, resulting in increased production and a decrease in mining costs on a per-ounce basis. Improved head grades are anticipated as development work and de-watering to access the anticipated higher-grade stopes in Guitarra, Coloso, and Nazareno continue.With the first phase of the La Guitarra expansion expected to come on-line in late Q2 2026, Sierra Madre expects to see a meaningful reduction of unit costs from efficiencies of scale as throughputs increase from the current 500 tpd run rate to the 750 tpd - 800 tpd rate. Quarterly Financial OverviewSelected financial information set out below is based on and derives from the unaudited condensed consolidated interim financial statements of the Company for each of the quarters listed, which have been prepared in accordance with IFRS, as applicable to quarterly reporting:
Dec. 31,
2025 (Q4)
($)Sep. 30,
2025 (Q3)
($)Jun. 30,
2025 (Q2)
($)Mar. 31, 2025 (Q1)
($)Dec 31,
2024 (Q4)
($)Sep. 30,
2024 (Q3)
($)Jun. 30,
2024 (Q2)
($)Mar. 31, 2024 (Q1)
($)Revenues8,318,5995,919,2115,756,9974,960,8873,911,5422,668,991--Gross profit3,719,1152,103,3081,687,7961,355,9991,085,167381,405--Care and maintenance expenses ------349,401553,693Foreign exchange loss (gain)187,98994,72756,879(64,065)(175,607)52,302(207,388)48,921Interest expense192,874220,152220,813199,845191,46955,25028,350-Share-based compensation345,298654,394242,758153,241330,820477,867812,762-Deferred income tax recovery (expense)6,205,844(70,890)(26,019)(6,028)(1,079)(5,791)24,706(32,050)Income (loss) for the quarter7,454,68467,842276,160335,875(37,936)(855,766)(1,977,200)(1,204,826)Total assets66,963,55951,676,30837,714,50636,182,56034,891,01534,479,38233,931,18730,226,383Total non-current liabilities8,123,1948,961,1548,817,4148,710,4618,431,8858,249,9187,929,4902,935,772Income (loss) per share – basic and diluted0.040.000.000.00(0.00)(0.01)(0.01)(0.01)Weighted average number of shares - basic186,044,769176,309,293154,225,345153,942,993153,942,993152,869,623152,692,993149,827,944Weighted average number of shares - diluted198,142,297177,912,944155,576,337154,295,653153,942,993152,869,623152,692,993149,827,944 This news release should be read in conjunction with the Company's consolidated annual financial statements for the year ended December 31, 2025 and associated Management Discussion and Analysis ("MD&A"), both are available on SEDAR+ (www.sedarplus.ca) and on the Company's website (www.sierramadregoldandsilver.com).AgEq ounces produced have been determined using a ratio of 76.89 Au:Ag for Q4 2025, 87.63 Au:Ag for Q3 2025, 97.86 Au:Ag for Q2 2025 and 83.33 Au:Ag for Q1 2025.Ag equivalent ounces sold have been determined using the actual Ag and Au prices obtained during the year. The determined ratio used was 88.35 Au:Ag for 2025 and 84.81 for 2024. AgEq quarterly ounces sold have been determined using the actual Ag and Au prices obtained during the quarter. The determined ratio used was 74.80 Au:Ag for Q4 2025, 88.70 Au:Ag for Q3 2025, 98.43 for Q2 2025 and 90.87 Au:Ag for Q1 2025. The Company reports non-GAAP measures, which include Cash Cost of Production per Tonne, Cash Cost per AgEq ounce sold, All-in Sustaining Cash Cost per AgEq ounce sold and Average Realized Price per AgEq ounce sold and Adjusted EBITDA. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions. See "Non-GAAP and Other Financial Measures" section of the Company's Year End 2025 MD&A for definitions and reconciliations to GAAP measures.Qualified Person Mr. Gregory Smith, P. Geo, Director of Sierra Madre, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein.About Sierra MadreSierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development 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 is a permitted underground mine, which includes a 500 t/d processing facility that operated until mid-2018 and restarted commercial production in January 2025.The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
778-820-1189Contact:
investor@sierramadregoldandsilver.comCautionary Note Regarding Production Decisions The Company's decision to place the mine into commercial production, expand a mine, make other production related decisions, or otherwise carry out mining and processing operations, is largely based on internal non-public Company data and reports from previous operations and the results of test mining and processing. The Company is not basing any production decisions on NI 43-101 compliant reserve estimates, preliminary economic assessments or feasibility studies and, as a result, there is greater risk and uncertainty as to future economic results from the Guitarra Mine Complex, including increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, and a higher technical risk of failure than would be the case if a feasibility study were completed and relied upon to make a production decision.Cautionary Note Regarding Forward-Looking Information Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements include, without limitation, statements regarding discussions of future plans, including the expected timing of concentrate shipments; the Company increasing production; the Company receiving revenues on a weekly basis and such revenues allowing the Company to comfortably expand to without further capital needs; production and the expected timing and production levels thereof.The forward-looking statements involve numerous risks and uncertainties, and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, that predicted production levels will be achieved and that existing production levels will be maintained. In making the forward-looking statements in this news release, the Company has applied certain material assumptions, including without limitation, that the Company will be able to execute its future plans as intended, that predicted production levels will be achieved and that existing production levels will be maintained.Although management of the Company has attempted identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes.SOURCE: Sierra Madre Gold and Silver Ltd.1 A copy of the 2023 NI 43-101 report, prepared by TechSer Mining Consultants Ltd. ("TechSer") of Vancouver B.C., by David Thomas, P.Geo. and QP Geology and Cristian Garcia, P.Eng. and QP Mining, titled "La Guitarra Mineral Resource Estimate Guitarra Silver-Gold Project, Temascaltepec, Estado de México, México" with an effective date of October 24, 2023, is available on SEDAR+ and the company's website at https://sierramadregoldandsilver.com/presentations/NI-43-101-La-Guitarra-Mineral-Resource-Estimate.pdfTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/294717
Original: Sierra Madre Reports Q4 and Year-End 2025 Financial Results, Positive Operating Performance

Sierra Madre Announces Shareholder Approval of Acquisition of Del Toro Silver MineApril 28, 2026 9:14 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 28, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that at its special meeting of shareholders held on April 28, 2026 (the "Meeting"), shareholders approved the previously announced acquisition (the "Acquisition") of the Del Toro Silver Mine in the Chalchihuites District in Mexico ("Del Toro") from First Majestic Silver Corp. ("First Majestic"). For further information regarding the Acquisition, please refer to the Company's news release dated December 17, 2025.The Acquisition was approved by a majority of the votes cast by disinterested shareholders present or represented by proxy at the Meeting, as required under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. Completion of the Acquisition remains subject to acceptance of the TSXV and the receipt of Mexican antitrust approval. The closing of the Acquisition is anticipated to occur in mid-May 2026.All Sierra Madre shares issued to First Majestic under the Acquisition will be subject to a hold period ending on the date that is four months and one day following the date of issuance of such shares. In addition, First Majestic has agreed to further contractual resale restrictions on such shares. For further details regarding the Acquisition, please refer to the management information circular dated March 24, 2026 available on the Company's website at www.sierramadregoldandsilver.com and on the Company's profile on SEDAR+ at www.sedarplus.ca.About Sierra MadreSierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) 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 is a permitted underground mine, which includes a 500 t/d processing facility that operated until mid-2018 and restarted commercial production in January 2025.The +2,600 ha Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource. Sierra Madre's management team has played key roles in managing the exploration and development of silver and gold mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over $1 billion for mining companies.On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
778-820-1189Contact:
investor@sierramadregoldandsilver.comCautionary Note Regarding Forward-Looking InformationNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. "Forward-looking information" includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future, including statements regarding the completion of the Acquisition, the receipt of TSXV acceptance and Mexican antitrust approval, the timing of closing of the Acquisition, the anticipated benefits of the Acquisition to the Company and the exploration and development of Del Toro. Generally, but not always, forward-looking information and statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.Such forward-looking information and statements are based on numerous assumptions, including among others, that the Company will be able to receive all required approvals for the Acquisition, the ability of the Company to complete the Acquisition on the terms announced or at all and that the Company will have the necessary funds and resources to carry out its exploration and development plans for Del Toro. Although the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include risks that: the Company may be unable to complete the Acquisition on the proposed terms, or at all; the Company may not receive all necessary approvals for the Acquisition; the Company may not have the necessary funds or resources to carry out its exploration and development plans for Del Toro; and risks relating to the actual results of current exploration activities, fluctuating gold prices, possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators.Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information.The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATESSOURCE: Sierra Madre Gold and Silver Ltd.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294820
Original: Sierra Madre Announces Shareholder Approval of Acquisition of Del Toro Silver Mine

Posted on behalf of Sierra Madre Gold and Silver Ltd. - SM.v; SMDRF In a new interview, Sierra Madre President and CEO Alex Langer outlined the company's aggressive strategy to build Mexico's next mid-tier silver producer.

Backed by a $19.5 million capital raise and the strategic acquisition of the fully permitted Del Toro mine, the company is executing a rapid expansion plan.

Key Takeaways
- La Guitarra Expansion The company is actively upgrading the facility to reach 750-800 tpd by Q2 2026, with a fully funded Phase 2 expansion targeting up to 1,500 tpd.
- Aggressive Exploration A fully funded 20,000 to 25,000-metre drill program will begin in H2 2026 to test the massive potential of La Guitarra's Eastern District.
- Del Toro Acquisition Following the acquisition of the fully permitted, 3,000 tpd Del Toro mine, Sierra Madre is actively evaluating both exploration and near-term restart options.

With multiple near-term catalysts—including steady production growth, major drilling campaigns, and the closing of the Del Toro acquisition—Sierra Madre is exceptionally well-positioned for significant growth over the next 24 months.

View the full interview here:

Posted on behalf of Sierra Madre Gold & Silver Ltd. -Sierra Madre Gold & Silver (TSXV: SM | OTCQX: SMDRF) Delivers Cash-Flowing Silver Production + Ongoing Exploration Upside: La Guitarra on Track for 2.1M oz AgEq by 2027 While US$3.5M East District Drill Program Targets High-Grade Historic Veins in H2 2026

(TSXV: SM | OTCQX: SMDRF) is increasingly standing out as one of the more compelling silver junior growth stories in Mexico—combining current production, aggressive expansion, and district-scale exploration upside at La Guitarra.

https://www.reddit.com/r/PennyStocksCanada/comments/1sxit0z/sierra_madre_gold_silver_tsxv_sm_otcqx_smdrf/

Posted on behalf of Sierra Madre Gold and Silver Ltd. - In a recent interview with The Northern Miner, Sierra Madre Gold & Silver (SM.v SMDRF) President & CEO Alex Langer outlined how the silver-gold producer is advancing a two-pronged growth strategy centred on expanding throughput at its producing La Guitarra mine while working toward the acquisition of the Del Toro operation.
https://vimeo.com/1179618211

Full video summary here⬇️
https://www.reddit.com/r/PennyStocksCanada/comments/1smqb43/interview_breakdown_sierra_madre_gold_and_silver/

Posted on behalf of Sierra Madre Gold and Silver Ltd. - SM.v SMDRF Sierra Madre has recently announced that, to date, it has repaid US$2.5 million of the US$5 million non-revolving, secured term loan between First Majestic Silver Corp. and the Company.

Please see the Company's press release dated May 8, 2024 for details of the original loan announcement and the Company's press release dated June 5, 2025 for details of a term extension setting a new maturity date of May 2027.

Alex Langer, Sierra Madre's President and CEO, states: "We are proud to announce the early repayment of half of our loan facility with First Majestic, driven by a strong silver and gold price environment, which has been reflected in an acceleration of cash generation from La Guitarra. This repayment is ahead of schedule and we expect to repay the remainder of the loan in the coming months.

We continue to look forward to the next phase of growth with the first stage of the La Guitarra production expansion expected to come on-line at the end of Q2 2026, which is expected to increase throughputs by a minimum of 50% from the current 500 tonnes per day ("tpd") run rate."

Sierra Madre expects to report fourth quarter and year-end 2025 financial and operating results in mid-April 2026.

View the full NR here: https://sierramadregoldandsilver.com/read/auto-news-1774350155

Posted on behalf of Sierra Madre Gold & Silver Ltd. — From single-asset producer to multi-mine growth story, Sierra Madre (SM.v SMDRF) is laying out a clear path to scale, combining near-term cash flow from La Guitarra with a second mine restart and district-wide upside:

With expansion already underway and Del Toro positioning as a second production hub, SM is building toward a mid-tier silver platform.

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Sierra Madre (SM.v SMDRF) released an updated investor presentation outlining its strategy to grow into a multi-asset, mid-tier silver producer, driven by production expansion at La Guitarra, a potential restart at Del Toro, and district-scale exploration across its Mexican portfolio.

Overall, this update reinforces SM's strategy of combining near-term production and cash flow with longer-term growth through expansion, exploration, and the addition of a second asset, positioning the company for a potential re-rate as it scales.

Check out the full presentation here: https://sierramadregoldandsilver.com/presentations/26-3_SM%20Corp%20Presentation.2.pdf

Posted on behalf of Sierra Madre Gold and Silver Ltd. - SM.v; SMDRF Sierra Madre Gold and Silver was recently featured on Swiss Resource Capital AG's Mining News Flash to discuss an important financial milestone.

The company has officially repaid a significant portion of its outstanding loan, marking a major step forward in its operational maturity and financial health.

Key Highlights
- Major Loan Repayment: Sierra Madre successfully repaid $2.5 million US of its loan from First Majestic Silver.
- Strengthened Financial Position: This repayment significantly bolsters the company's balance sheet and enhances its overall financial flexibility.

For a growing producer, this move serves as a strong signal of financial discipline and reflects real operational progress and an improving cash flow profile.

By actively paying down this debt, Sierra Madre is demonstrating strong execution capability and positioning the company on a much more solid footing as it continues to successfully scale its production profile.

View the full segment here:

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre (SM.v SMDRF) is advancing its La Guitarra silver-gold mine toward 750–800tpd while targeting 1,200–1,500tpd by Q3 2027. The company is also working toward acquiring the Del Toro silver mine, where a potential restart within ~1 year could be supported by a ~$10M budget and 30,000m of drilling.
https://vimeo.com/1179618211

Posted on behalf of Sierra Madre Gold & Silver Ltd. – As gold holds near record levels and capital tightens, the market is shifting toward producers with real cash flow visibility, positioning Sierra Madre (SM.v SMDRF) as a near-term growth story backed by production, scale, and disciplined execution: https://www.reddit.com/r/wallstreetsmallcaps/comments/1skx758/scaling_a_highmargin_silvergold_platform_in_a/

With La Guitarra ramping throughput, Del Toro adding a fully permitted 3,000 tpd mill, and a 50,000m+ drill program underway, SM is advancing a cash-flow-backed growth strategy with both near-term production upside and district-scale expansion potential.

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Gold is trading near record levels in a volatile macro environment, reinforcing its role as a store of value as capital becomes more selective and markets increasingly favor producers with strong execution and near-term cash flow. (Source: Gold is trading around $4,730 at the open of the New York session.

While some are frustrated that the price hasn't gone vertical, focusing solely on the daily candle misses the bigger picture.

We aren't just looking at price action; we’re watching the plumbing of the global… pic.twitter.com/o3vMDjwE0y— MINING.COM (@mining) April 13, 2026 )

In this backdrop, Sierra Madre (SM.v SMDRF) is positioned to benefit in advancing a low-risk, brownfield growth strategy centered on scaling La Guitarra while adding future upside through the Del Toro restart. Check out the full story here: Posted on behalf of Sierra Madre Gold & Silver Ltd. –PDAC SUMMARY: @SierraMadreSM "eyes quicker Del Toro restart"$SM.v $SMDRF

Joining @northernminer, $SM's CEO detailed the company's focus on reviving and scaling past-producing assets in Mexico👇

With the strategy centring on… https://t.co/DZQL1KwtYy pic.twitter.com/YnvogHfmNp— Stock Master Flash (@StckMasterFlash) April 7, 2026

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold and Silver (SM.v SMDRF) is advancing throughput at its La Guitarra silver-gold mine in Mexico from ~500tpd toward 750–800tpd by Q2 2026, supported by plant upgrades and added mining capacity, with longer-term plans targeting 1,200–1,500tpd by Q3 2027. Full deep dive here⬇️
https://www.reddit.com/r/InvestingCanada/comments/1sa106b/sierra_madre_gold_and_silver_smv_smdrf_reduces/

Posted on behalf of Sierra Madre Gold & Silver Ltd. — From restart to scale, Sierra Madre (SM.v SMDRF) is accelerating toward a multi-asset silver-gold platform, with La Guitarra ramping now and Del Toro emerging as a potential high-impact second operation: Posted on behalf of Sierra Madre Gold & Silver Ltd. –PDAC SUMMARY: @SierraMadreSM "eyes quicker Del Toro restart"$SM.v $SMDRF

Joining @northernminer, $SM's CEO detailed the company's focus on reviving and scaling past-producing assets in Mexico👇

With the strategy centring on… https://t.co/DZQL1KwtYy pic.twitter.com/YnvogHfmNp— Stock Master Flash (@StckMasterFlash) April 7, 2026
 
The thesis is simple: low-capex brownfield restarts + aggressive drilling = near-term production growth with embedded exploration upside.
 

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Joining Northern Miner, Sierra Madre (SM.v SMDRF) President & CEO detailed their focused on reviving and scaling past-producing assets in Mexico: https://www.northernminer.com/news/pdac-video-sierra-madre-eyes-quicker-del-toro-restart/1003889665/

With the strategy centering on low-cost brownfield restarts with exploration upside, SM's goal is to build a multi-asset silver-gold platform with near-term production and growth optionality. SM is executing a low-risk restart and scale strategy, combining near-term production growth at La Guitarra with the potential restart of Del Toro, supported by aggressive drilling and strong institutional backing.

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Laying out a clear roadmap to mid-tier status, Sierra Madre (SM.v SMDRF) is combining production growth, district-scale exploration, and strategic M&A to build a multi-asset silver platform: Posted on behalf of Sierra Madre Gold & Silver Ltd. –INTERVIEW SUMMARY: @SierraMadreSM Investment Case $SM.v $SMDRF

Joining @valpal_research, $SM President & CEO detailed their focus on growing production, expanding resources, & building a mid-tier #silver company ⬇️

⭐️Current… https://t.co/8pJpdbeKxv pic.twitter.com/e3qBKVpCRB— Stock Master Flash (@StckMasterFlash) March 14, 2026
 
What stands out is the trajectory: La Guitarra ramping from 500 tpd toward 750–800 tpd, a 20,000–25,000m drill program across a ~50Moz AgEq district, and Del Toro adding a second permitted mine with restart potential, all supported by growing cash flow.

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Joining Valpal, Sierra Madre's (SM.v SMDRF) CEO Alex Langer outlined a clear path to growth as the company scales production at La Guitarra, advances a potential restart at Del Toro, and builds a multi-asset platform through exploration and disciplined M&A toward mid-tier status:

With throughput expansions, a large upcoming drill program, and growing cash flow, SM is positioning for sustained production and resource growth.

Interview Summary: Posted on behalf of Sierra Madre Gold & Silver Ltd. –INTERVIEW SUMMARY: @SierraMadreSM Investment Case $SM.v $SMDRF

Joining @valpal_research, $SM President & CEO detailed their focus on growing production, expanding resources, & building a mid-tier #silver company ⬇️

⭐️Current… https://t.co/8pJpdbeKxv pic.twitter.com/e3qBKVpCRB— Stock Master Flash (@StckMasterFlash) March 14, 2026

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre Gold and Silver (SM.v SMDRF) is currently expanding throughput at its La Guitarra silver-gold mine complex in Mexico from ~500tpd to 750tpd–800tpd. + The company recently strengthened its balance sheet by repaying US$2.5 million of its US$5 million loan with First Majestic Silver Corp. ahead of schedule using cash flow from operations, with the remaining balance expected to be repaid in the coming months as production continues to scale. Full news here: https://sierramadregoldandsilver.com/read/auto-news-1774350155

Posted on behalf of Sierra Madre Gold & Silver Ltd. – From a 500 tpd restart to a clear path toward ~1,500 tpd and a second producing asset, Sierra Madre (SM.v SMDRF) is executing a disciplined, cash-flow-backed growth strategy that’s rapidly scaling it into a multi-mine silver producer: Posted on behalf of Sierra Madre Gold & Silver Ltd. -INTERVIEW SUMMARY: Update on Stage 1 Expansion & Next Steps at the Del Toro Project$SM.v $SMDRF@SierraMadreSM is transitioning into a growing multi-asset producer in Mexico, with successful production startup in 2025:… https://t.co/qkrSW9lLtH pic.twitter.com/LbQlf9z1AT— Stock Master Flash (@StckMasterFlash) March 30, 2026

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Sierra Madre (SM.v SMDRF) is rapidly transitioning into a growing multi-asset producer in Mexico, following successful production startup in 2025 and ongoing expansion at La Guitarra, alongside the planned acquisition of the Del Toro mine:

Posted on behalf of Sierra Madre Gold and Silver Ltd. - Sierra Madre (SM.v SMDRF) recently repaid US$2.5M of its US$5M loan with First Majestic ahead of schedule, supported by cash flow from its La Guitarra silver-gold mine complex, where the company is scaling up production from a ~500tpd throughput rate. Full news here: https://sierramadregoldandsilver.com/read/auto-news-1774350155

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Strengthening balance sheet momentum, Sierra Madre (SM.v SMDRF) has already repaid half of its First Majestic loan ahead of schedule, with rising cash flow from La Guitarra supporting accelerated deleveraging and a near-term throughput expansion: Posted on behalf of Sierra Madre Gold & Silver Ltd. –TODAY: @SierraMadreSM Repays Half of US$5M First Majestic Loan $SM.v $SMDRF$SM has repaid US$2.5M of its US$5M secured term loan with First Majestic, ahead of schedule.

⭐️Key Drivers⭐️
✅Strong #gold and #silver prices have… https://t.co/pQHM6Xbswk pic.twitter.com/ebowFGAEE1— Brian (@BriansWealth) March 24, 2026

Posted on behalf of Sierra Madre Gold & Silver Ltd. – Today, Sierra Madre (SM.v SMDRF) announced it has repaid US$2.5M of its US$5M secured term loan with First Majestic, ahead of schedule: https://sierramadregoldandsilver.com/read/auto-news-1774350155

Notably, strong gold and silver prices have boosted cash flow from the La Guitarra mine, enabling accelerated repayment, and the remaining loan balance expected to be repaid in the coming months (ahead of May 2027 maturity).

Posted on behalf of Sierra Madre Gold & Silver Ltd. – The 2026 TSX Venture 50 underscores a strong rebound in Canada’s mining sector, with standout performance across junior companies signaling renewed investor interest and momentum tied to a broader commodity upcycle.

One standout company is Sierra Madre (SM.v SMDRF) who ranked 43rd overall with a 264% share price increase and 342% market cap growth having restarted commercial production at the La Guitarra mine in January 2025 and is advancing a two-stage expansion.

More Info: https://www.streetwisereports.com/article/2026/03/13/mining-sector-dominates-tsx-venture-50-as-gold-bull-market-continues.html?utm_source=SM-CA

Posted on behalf of Sierra Madre Gold & Silver Ltd. – From 500 tpd production to a potential multi-mine silver platform, Sierra Madre (SM.v SMDRF) is scaling La Guitarra, drilling a 50Moz district, and adding Del Toro as it works toward building a mid-tier producer in Mexico: Posted on behalf of Sierra Madre Gold & Silver Ltd. –INTERVIEW SUMMARY: Growing Mexico's Next Mid-Tier #Silver Producer $SM.v $SMDRF

With @RadiusResearch, @SierraMadreSM detailed its focus on being a mid-tier silver producer by growing production & expanding resources in Mexico… https://t.co/ZYx9sCHorZ pic.twitter.com/CvrHrZv3cF— Stock Master Flash (@StckMasterFlash) March 10, 2026

Posted on behalf of Sierra Madre Gold and Silver Ltd. – Sierra Madre Gold and Silver (SM.v SMDRF) has outlined staged expansion plans for La Guitarra, following the silver-gold complex's 2025 production restart, targeting 750–800tpd near term through crushing, tailings & mill upgrades, w/ further growth to 1,200–1,500tpd by Q3 2027. Full breakdown here⬇️
https://www.reddit.com/r/InvestingCanada/comments/1rlyax7/la_guitarra_silvergold_mine_complex_expansion/