Sierra Madre Announces Full Commercial Production at Guitarra Mine Complex
Sierra Madre Gold and Silver (OTCQX: SMDRF) has announced achieving full commercial production at its 100% owned Guitarra Mine Complex in Mexico, effective January 1, 2025. The operation has maintained a consistent capacity of 500 wet metric tonnes per day for 90 consecutive days.
During the 2024 test mining phase, the company shipped 1,292.5 dry metric tonnes of concentrate, with an additional 94.6 tonnes in inventory as of December 31, 2024. The provisional weighted average grades for the 2024 concentrate shipments were 2,594.2 grams per tonne silver and 34.93 grams per tonne gold.
The company reports successful equipment repairs and rebuilding, completed under budget and ahead of schedule, enabling an early restart. Management highlights the establishment of safe, efficient operating procedures and a cost-conscious culture as positive indicators for future operations.
Sierra Madre Gold and Silver (OTCQX: SMDRF) ha annunciato di aver raggiunto la piena produzione commerciale presso il suo Guitarra Mine Complex in Messico, a partire dal 1 gennaio 2025. L'operazione ha mantenuto una capacità costante di 500 tonnellate metriche umide al giorno per 90 giorni consecutivi.
Durante la fase di test minerario del 2024, la società ha spedito 1.292,5 tonnellate metriche secche di concentrato, con ulteriori 94,6 tonnellate in magazzino al 31 dicembre 2024. I gradi medi ponderati provvisori per le spedizioni di concentrato del 2024 erano di 2.594,2 grammi per tonnellata di argento e 34,93 grammi per tonnellata d'oro.
La società riporta riparazioni e ricostruzioni delle attrezzature completate sotto budget e in anticipo rispetto ai tempi previsti, permettendo un riavvio anticipato. La direzione evidenzia l'istituzione di procedure operative sicure ed efficienti e di una cultura orientata al costo come indicatori positivi per le operazioni future.
Sierra Madre Gold and Silver (OTCQX: SMDRF) ha anunciado que ha alcanzado la producción comercial completa en su Guitarra Mine Complex en México, a partir del 1 de enero de 2025. La operación ha mantenido una capacidad constante de 500 toneladas métricas húmedas por día durante 90 días consecutivos.
Durante la fase de minería de prueba de 2024, la empresa envió 1,292.5 toneladas métricas secas de concentrado, con 94.6 toneladas adicionales en inventario al 31 de diciembre de 2024. Los grados promedios ponderados provisionales para los envíos de concentrado de 2024 fueron de 2,594.2 gramos por tonelada de plata y 34.93 gramos por tonelada de oro.
La empresa informa sobre reparaciones y reconstrucciones exitosas de equipos, completadas por debajo del presupuesto y antes de lo programado, lo que permitió un reinicio temprano. La dirección destaca el establecimiento de procedimientos operativos seguros y eficientes, así como una cultura consciente de los costos como indicadores positivos para futuras operaciones.
시에라 마드레 금과 은 (OTCQX: SMDRF)는 멕시코에 있는 기타라 광산 복합체에서 2025년 1월 1일부로 완전 상업 생산을 달성했다고 발표했습니다. 이 운영은 90일 연속으로 500톤의 습식 메트릭 톤의 일관된 용량을 유지해왔습니다.
2024년 시운전 단계 동안 회사는 1,292.5건조 메트릭 톤의 농축물을 출하했으며, 2024년 12월 31일 기준으로 재고로 94.6톤이 남아 있었습니다. 2024년 농축물 출하의 잠정 가중 평균 품위는 1톤당 2,594.2그램의 은과 1톤당 34.93그램의 금이었습니다.
회사는 예산 내에서 일정을 앞당겨 완료된 장비 수리 및 재건을 보고하며, 이를 통해 조기 재시작이 가능하였습니다. 경영진은 안전하고 효율적인 운영 절차와 비용 인식 문화를 수립한 것을 향후 운영에 대한 긍정적인 지표로 강조합니다.
Sierra Madre Gold and Silver (OTCQX: SMDRF) a annoncé avoir atteint la pleine production commerciale de son Guitarra Mine Complex au Mexique, à compter du 1er janvier 2025. L'opération a maintenu une capacité constante de 500 tonnes métriques humides par jour pendant 90 jours consécutifs.
Au cours de la phase de test minier de 2024, la société a expédié 1 292,5 tonnes métriques sèches de concentré, avec 94,6 tonnes supplémentaires en inventaire au 31 décembre 2024. Les grades moyens pondérés provisoires pour les expéditions de concentré de 2024 étaient de 2 594,2 grammes par tonne d'argent et 34,93 grammes par tonne d'or.
L'entreprise rapporte des réparations et reconstructions d'équipements réussies, achevées sous budget et en avance sur le calendrier, permettant un redémarrage anticipé. La direction souligne l'établissement de procédures d'exploitation sûres et efficaces et une culture axée sur les coûts comme indicateurs positifs pour les futures opérations.
Sierra Madre Gold and Silver (OTCQX: SMDRF) hat bekannt gegeben, dass die vollständige kommerzielle Produktion in ihrem Guitarra Mine Complex in Mexiko, wirksam ab dem 1. Januar 2025, erreicht wurde. Die Operation hat über 90 aufeinanderfolgende Tage eine konstante Kapazität von 500 nassen metrischen Tonnen pro Tag aufrechterhalten.
Während der Testbergbauphase 2024 hat das Unternehmen 1.292,5 trockene metrische Tonnen Konzentrate verschifft, mit weiteren 94,6 Tonnen im Lagerbestand zum 31. Dezember 2024. Die vorläufigen gewogenen Durchschnittswerte für die Konzentratsendungen 2024 lagen bei 2.594,2 Gramm pro Tonne Silber und 34,93 Gramm pro Tonne Gold.
Das Unternehmen berichtet von erfolgreichen Reparaturen und dem Wiederaufbau von Geräten, die unter Budget und vor dem Zeitplan abgeschlossen wurden, was eine vorzeitige Wiederinbetriebnahme ermöglicht hat. Das Management hebt die Etablierung sicherer, effizienter Betriebsverfahren und einer kostenbewussten Unternehmenskultur als positive Indikatoren für zukünftige Operationen hervor.
- Achieved full commercial production at 500 wet metric tonnes per day capacity
- Shipped 1,292.5 dry metric tonnes of concentrate in 2024
- High-grade concentrate production with 2,594.2 g/t silver and 34.93 g/t gold
- Equipment repairs completed under budget and ahead of schedule
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 9, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that full commercial production at the
Chief Executive Officer, Alex Langer commented, "We are delighted to announce full commercial production at Guitarra. This will allow us to share proper mining statistics; including revenues, costs, profits, and an all in sustaining cost (AISC) per ounce of silver. We very much look forward to sharing this information during our quarterly and annual financials moving forward."
Gregory K. Liller, Chief Operating Officer wishes to thank the operating team. "I am very proud of the staff and workers at La Guitarra. The maintenance and plant personnel repaired and rebuilt the existing equipment on budget and ahead of schedule making an early restart possible. Even more important, they have kept everything running. The mining and technical services departments worked hard to make the test mining phase a success. Above all, everyone has worked together to develop safe and efficient operating procedures and a cost-conscious outlook. I believe that establishing this working culture from the beginning bodes well for future operations."
Operational numbers for 2024 during test mining:
- A total of 1,292.5 dry metric tonnes of concentrate were shipped in 2024 with an additional 94.6 tonnes in inventory at December 31, 2024.
- Provisional weighted average silver grade of the fiscal 2024 concentrate shipments was 2,594.2 grams per tonne, gold averaged 34.93 grams per tonne.
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 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, 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 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.
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/236590
FAQ
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