Sierra Madre Announces Revenues in Excess of US$2.4 Million from Sustained 350 Tonne per Day Production at La Guitarra
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) has announced revenues exceeding US$2.4 million from its test mining and milling phase at the La Guitarra mine complex. The company has achieved an average daily throughput of 350 tonnes of economically interesting silver and gold mineralization over the past 30 days.
Since June 25th, 2024, the company has processed a total of 27,990 tonnes of material. Eight shipments totaling 466 dry metric tonnes of silver-gold concentrate have been delivered to MRI Trading. Provisional payment grades for the concentrate range from 2,752 g/t to 3,442 g/t silver and 28.65 to 38.45 g/t gold.
Sierra Madre's next goals include increasing production to 400 tonnes per day, followed by commercial production of 500 tonnes per day before the end of the year.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) ha annunciato ricavi superiori a US$2,4 milioni dalla sua fase di estrazione e macinazione mineraria presso il complesso minerario La Guitarra. L'azienda ha raggiunto una capacità di lavorazione media giornaliera di 350 tonnellate di mineralizzazione di argento e oro economicamente interessante negli ultimi 30 giorni.
Dall'25 giugno 2024, l'azienda ha trattato un totale di 27.990 tonnellate di materiali. Otto spedizioni per un totale di 466 tonnellate metriche secche di concentrato di argento-oro sono state consegnate a MRI Trading. I gradi di pagamento provvisionali per il concentrato variano da 2.752 g/t a 3.442 g/t di argento e 28,65 a 38,45 g/t di oro.
I prossimi obiettivi di Sierra Madre includono l'aumento della produzione a 400 tonnellate al giorno, seguita dalla produzione commerciale di 500 tonnellate al giorno entro la fine dell'anno.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) ha anunciado ingresos que superan US$2.4 millones de su fase de minería y molienda de prueba en el complejo minero La Guitarra. La empresa ha alcanzado un rendimiento diario promedio de 350 toneladas de mineralización de plata y oro de interés económico en los últimos 30 días.
Desde el 25 de junio de 2024, la empresa ha procesado un total de 27,990 toneladas de material. Ocho envíos con un total de 466 toneladas métricas secas de concentrado de plata-oro han sido entregados a MRI Trading. Los grados de pago provisionales para el concentrado oscilan entre 2,752 g/t a 3,442 g/t de plata y 28.65 a 38.45 g/t de oro.
Los próximos objetivos de Sierra Madre incluyen aumentar la producción a 400 toneladas por día, seguido de la producción comercial de 500 toneladas por día antes de fin de año.
시에라 마드레 골드 앤 실버 (TSXV: SM) (OTCQX: SMDRF)는 라 기타라 광산 복합체의 시험 채굴 및 밀링 단계에서 240만 달러 이상의 수익을 발표했습니다. 최근 30일 동안 회사는 경제적으로 유의미한 은과 금 광물의 평균 일일 처리량을 350톤으로 달성했습니다.
2024년 6월 25일 이후, 회사는 총 27,990톤의 물질을 처리했습니다. 466건의 건조 메트릭 톤의 은-금 농축물이 MRI 거래에 배송되었습니다. 농축물의 임시 결제 등급은 2,752 g/t에서 3,442 g/t의 은 및 28.65에서 38.45 g/t의 금 범위입니다.
시에라 마드레의 다음 목표는 생산량을 하루 400톤으로 늘리고, 연말까지 하루 500톤의 상업 생산을 목표로 하는 것입니다.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) a annoncé des revenus dépassant 2,4 millions de dollars américains provenant de sa phase de test d'exploitation minière et de broyage au complexe minier de La Guitarra. L'entreprise a atteint un rendement quotidien moyen de 350 tonnes de minéralisation d'argent et d'or économiquement intéressant au cours des 30 derniers jours.
Depuis le 25 juin 2024, l'entreprise a traité un total de 27 990 tonnes de matériel. Huit envois totalisant 466 tonnes métriques sèches de concentré d'argent-or ont été livrés à MRI Trading. Les grades de paiement provisoires pour le concentré varient de 2 752 g/t à 3 442 g/t d'argent et 28,65 à 38,45 g/t d'or.
Les prochains objectifs de Sierra Madre incluent l'augmentation de la production à 400 tonnes par jour, suivie d'une production commerciale de 500 tonnes par jour avant la fin de l'année.
Sierra Madre Gold and Silver (TSXV: SM) (OTCQX: SMDRF) hat Einnahmen von über 2,4 Millionen US-Dollar aus seiner Testbergbau- und Mahlphase im La Guitarra-Minenkomplex bekannt gegeben. Das Unternehmen hat in den letzten 30 Tagen eine durchschnittliche tägliche Durchsatzmenge von 350 Tonnen wirtschaftlich interessanter Silber- und Goldmineralisierung erreicht.
Seit dem 25. Juni 2024 hat das Unternehmen insgesamt 27.990 Tonnen Material verarbeitet. Acht Lieferungen mit insgesamt 466 trockenen metrischen Tonnen Silber-Gold-Konzentrat wurden an MRI Trading geliefert. Die vorläufigen Zahlungsgrade für das Konzentrat reichen von 2.752 g/t bis 3.442 g/t Silber und 28,65 bis 38,45 g/t Gold.
Die nächsten Ziele von Sierra Madre beinhalten eine Produktionssteigerung auf 400 Tonnen pro Tag, gefolgt von einer kommerziellen Produktion von 500 Tonnen pro Tag vor Jahresende.
- Revenue generation of over US$2.4 million from test mining and milling phase
- Achieved average daily throughput of 350 tonnes over the past 30 days
- Processed 27,990 tonnes of economically interesting silver and gold mineralization
- Delivered 466 dry metric tonnes of silver-gold concentrate to MRI Trading
- High-grade concentrate with silver grades ranging from 2,752 g/t to 3,442 g/t and gold grades from 28.65 to 38.45 g/t
- None.
Vancouver, British Columbia--(Newsfile Corp. - September 24, 2024) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce the Company has generated in excess of
Chief Financial Officer, Ken Scott commented, "This marks a significant financial milestone for Sierra Madre. The Guitarra team is continuing to do a great job of incrementally increasing the daily production rate. Our next test mining and processing goal is 400 tonnes per day, followed by commercial production of 500 tonnes per day before year end."
Test mining and processing has been in continuous daily operation since June 25th, 2024. A total of 27,990 tonnes of material containing economically interesting silver and gold mineralization has been processed as of September 20, 2024. Eight (8) shipments totalling 466 dry metric tonnes of silver-gold concentrate have been delivered to MRI Trading. Provisional payment gold and silver concentrate grades continue to range from 2,752 g/t to 3,442 g/t silver and 28.65 to 38.45 g/t gold. Final assay grades will be determined upon shipment to the smelters.
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/224309
FAQ
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