Sierra Madre Announces First Silver-Gold Concentrate Shipment
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) has announced its first shipment of silver and gold concentrates from the 100% owned Guitarra Mine Complex in Mexico. On July 25, 2024, the company shipped 90.68 dry metric tonnes (DMT) containing approximately 3,000 grams of silver and 30 grams of gold per DMT. An additional 90 DMT is expected to ship later this week.
The company aims to increase production to 500 tonnes per day (TPD) of throughput, targeting about 350 DMT of silver-gold concentrate production per month by year-end. CEO Alex Langer stated that this milestone marks the start of weekly cashflows from concentrate, which should allow for expansion to commercial production without further capital needs.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) ha annunciato la sua prima spedizione di concentrati d'argento e oro dal Complesso Minerario Guitarra, di proprietà al 100% in Messico. Il 25 luglio 2024, l'azienda ha spedito 90,68 tonnellate metriche secche (TMS) contenenti circa 3.000 grammi di argento e 30 grammi di oro per TMS. Un'ulteriore spedizione di 90 TMS è prevista per la fine di questa settimana.
L'azienda mira ad aumentare la produzione a 500 tonnellate al giorno (TPD) di trattamento, puntando a circa 350 TMS di produzione di concentrati d'argento-oro al mese entro la fine dell'anno. Il CEO Alex Langer ha dichiarato che questo traguardo segna l'inizio dei flussi di cassa settimanali dai concentrati, il che dovrebbe consentire l'espansione verso la produzione commerciale senza ulteriori necessità di capitale.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) ha anunciado su primer envío de concentrados de plata y oro desde el Complejo Minero Guitarra, de propiedad al 100% en México. El 25 de julio de 2024, la compañía envió 90,68 toneladas métricas secas (TMS) que contienen aproximadamente 3,000 gramos de plata y 30 gramos de oro por TMS. Se espera que un envío adicional de 90 TMS se realice a finales de esta semana.
La empresa tiene como objetivo aumentar la producción a 500 toneladas por día (TPD) de procesamiento, con una meta de aproximadamente 350 TMS de producción de concentrados de plata y oro al mes para fin de año. El CEO Alex Langer declaró que este hito marca el inicio de los flujos de caja semanales de los concentrados, lo que debería permitir la expansión hacia la producción comercial sin necesidad de más capital.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF)는 멕시코의 100% 소유인 기타라 광산 단지에서 첫 번째 은 및 금 집중 선적을 발표했습니다. 2024년 7월 25일, 회사는 90.68 건조 미터 톤 (DMT)을 선적했으며, 이에는 약 3,000그램의 은과 30그램의 금이 포함되어 있습니다. 추가적으로 90 DMT가 이번 주 말에 선적될 예정입니다.
회사는 하루 500톤(TPD)의 생산량을 늘리는 것을 목표로 하며, 연말까지 한 달에 약 350 DMT의 은-금 집중 생산을 목표로 하고 있습니다. CEO 알렉스 랭거는 이 이정표가 집중 매출의 주간 현금 흐름의 시작을 나타내며, 추가 자본 필요 없이 상업 생산으로의 확장을 가능하게 할 것이라고 밝혔습니다.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) a annoncé son premier envoi de concentrés d'argent et d'or provenant du complexe minier Guitarra, détenu à 100 % au Mexique. Le 25 juillet 2024, l'entreprise a expédié 90,68 tonnes métriques sèches (TMS) contenant environ 3 000 grammes d'argent et 30 grammes d'or par TMS. Un envoi supplémentaire de 90 TMS est prévu pour la fin de cette semaine.
L'objectif de l'entreprise est d'augmenter la production à 500 tonnes par jour (TPD) de traitement, visant environ 350 TMS de production de concentrés d'argent et d'or par mois d'ici la fin de l'année. Le CEO Alex Langer a déclaré que cette réalisation marque le début des flux de trésorerie hebdomadaires provenant des concentrés, ce qui devrait permettre une expansion vers la production commerciale sans besoin de capital supplémentaire.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) hat den ersten Versand von Silber- und Goldkonzentrat aus dem 100% eigenen Guitarra-Minenkomplex in Mexiko bekannt gegeben. Am 25. Juli 2024 hat das Unternehmen 90,68 trockene metrische Tonnen (DMT) versendet, die ungefähr 3.000 Gramm Silber und 30 Gramm Gold pro DMT enthalten. Ein zusätzlicher Versand von 90 DMT wird für Ende dieser Woche erwartet.
Das Unternehmen plant, die Produktion auf 500 Tonnen pro Tag (TPD) zu erhöhen und zielt darauf ab, bis zum Jahresende etwa 350 DMT an Silber-Gold-Konzentraten pro Monat zu produzieren. CEO Alex Langer erklärte, dass dieser Meilenstein den Beginn der wöchentlichen Geldflüsse aus dem Konzentrat markiert, was eine Expansion zur kommerziellen Produktion ohne zusätzliche Kapitalbedürfnisse ermöglichen sollte.
- First shipment of silver-gold concentrates completed
- Weekly revenue stream established from concentrate shipments
- Production increase targeted to 500 TPD by year-end
- No further capital needs expected for expansion to commercial production
- None.
Vancouver, British Columbia--(Newsfile Corp. - July 30, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce first shipments of silver and gold concentrates from the
The Company will continue to increase production with a goal of reaching 500 tonnes per day ("TPD") of throughput for approximately 350 DMT of silver-gold concentrate production per month by year-end.
Alex Langer, Chief Executive Officer, stated, "This marks another important milestone for Sierra Madre. With the start of cashflows from concentrate the Company will be receiving revenues on a weekly basis. These revenues should allow us to comfortably expand to commercial production without further capital needs."
At the current test mining and test processing thruput of 259 TPD, the Company expects to have concentrate shipments and corresponding revenues on a weekly basis.
Figure 1: First Concentrate Shipment at Guitarra
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10436/218150_4b87c73354e19ba9_002full.jpg
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 Madre
Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) is a precious metals development and exploration company focused on evaluating the potential of restarting 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, past-producing underground mine, which includes a 500 t/d processing facility that operated until mid-2018.
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 more than 22Moz gold and 600Moz silver in combined mineral reserves and mineral resources. Sierra Madre's team of professionals has collectively raised over
On behalf of the board of directors of Sierra Madre Gold and Silver Ltd.,
"Alexander Langer"
Alexander Langer
President, Chief Executive Officer and Director
1-604-765-1604
Cautionary Note Regarding Production Decisions
The Company's decision to potentially 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. 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 commercial production without further capital needs; and the Company's plan to return the Guitarra mine to full commercial 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218150
FAQ
What was the quantity and content of Sierra Madre's first concentrate shipment (SMDRF)?
What is Sierra Madre's (SMDRF) production target for the Guitarra Mine Complex by the end of 2024?
How will the concentrate shipments affect Sierra Madre's (SMDRF) cash flow?
Where is Sierra Madre's (SMDRF) Guitarra Mine Complex located?
