Jun. 30 at 10:48 PM
$SMDRF Posted on behalf of Sierra Madre Gold -
$SMDRF runs the producing La Guitarra mine (Temascaltepec, Mexico), commercial since Jan 1, 2025. Q1 2026 brought record revenue of US
$10.1M on 128,827 AgEq oz, US
$2.8M adjusted EBITDA and ~US
$13.2M cash (May 19, 2026 NR).
The near-term catalyst: a Phase 1 mill expansion from 500 tpd to 750-800 tpd, a ~50% step-up funded from cash flow, targeted for end of Q2 2026. Phase 2 then targets 1,200-1,500 tpd by Q3 2027. With silver near US
$59/oz, more tonnes into a firm price is where operating leverage shows.
Full details here: https://www.theassay.com/news/sierra-madre-plans-strategic-two-stage-capacity-expansion-at-la-guitarra-mine/