Sierra Madre Gold and Silver’s flagship is the La Guitarra mine complex in the Temascaltepec district of Mexico State, acquired from First Majestic Silver in March 2023 for roughly US$35 million in shares. The company recently announced the acquisition of the Del Toro silver mine in Zacatecas from First Majestic for up to US$60 million in deferred and contingent payments, positioning it as a second potential flagship. The conversation covered the La Guitarra ramp-up, the planned mill expansion, the Del Toro transaction and restart plan, exploration programs at both assets, and the company’s longer-term mid-tier strategy.
The post Growing Silver Production in Mexico, But Can It Remain Profitable? first appeared on Resource Talks.