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Sierra Madre Gold & Silver's Accelerated Timeline for Commercial Production
Sierra Madre Gold and Silver has commenced test mining and processing at the Guitarra Mine Complex in Mexico. The company has accelerated its timeline and aims to be in commercial production by the end of 2024, producing 500 tons per day. Cash flows are expected to start soon, with concentrate shipments and payments. Sierra Madre has been able to utilize existing equipment at the mine, saving on costs. The workforce has returned to the mine, providing economic development to the community. The challenges faced in the past three years highlight the importance of access to capital and flexibility.
Published on 1 year, 4 months ago