Sierra Madre Gold and Silver Ltd.

Sierra Madre Gold and Silver is a Mexico-focused precious metals exploration and development company. Our team has over 100 years of combined mining experience in Mexico with strong capital markets expertise. Our growing portfolio of projects presents new projects, new exploration paradigms and new unconsolidated areas into the public space.

Expert Comments:

headshot of Thibaut Lepouttre

Thibaut Lepouttre, Caesars Report

"Sierra Madre Gold and Silver Ltd. is still halted until the shareholders approve the transaction to acquire the La Guitarra mine from First Majestic Silver, but the company is already going ahead with a subscription receipt offering to raise up to CA$10M. . .the subscription receipt financing is priced at CA$0.65 and will be a straight share deal upon conversion."

Thibaut Lepouttre, Caesars Report

"Sierra Madre Gold and Silver Ltd. entered into an agreement with First Majestic Silver to acquire its past-producing La Guitarra silver mine. . .as the La Guitarra project comes with a permitted mine and mill, this acquisition has the potential to jumpstart the company's production plans. . .the acquisition comes with a historical resource estimate containing almost 17.5 Moz of silver equivalent across all categories."

Mexico is known for "la plata", and silver has been mined there since Spanish colonial times. One aggressive junior explorer just pulled the trigger on a deal to acquire a past-producing mine that management knows intimately (maybe even more than the previous operators). The acquisition just needs to be approved by regulators and shareholders.
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Thibaut Lepouttre, Caesars Report

"At the flagship Tepic project, Sierra Madre Gold and Silver Ltd. released excellent drill results earlier this month. . .as all four holes encountered mineralization, the company, with its drill program, is very consistently hitting the veins at Tepic exactly where it expects to hit them."

Thibaut Lepouttre, Caesars Report

"Sierra Madre Gold and Silver Ltd. has released the assay results from the first seven holes drilled as part of the phase two drill program at the flagship Tepic gold and silver project in Nayarit. All seven holes intersected mineralization, and more importantly, the grades are good for near-surface intercepts. . .some intervals are located outside of the known mineralized area."

Thibaut Lepouttre, Caesars Report

"Sierra Madre Gold and Silver Ltd. has started the second phase of its drill program at the Tepic silver project. . .while waiting for the assay results from one project, the company can already start drilling the other project rather than sitting around and waiting. . .the primary focus still is on the areas adjacent to and within the zones where previous operators already have been drilling."

Thibaut Lepouttre, Caesars Report

"Sierra Madre Gold and Silver Ltd.'s sampling program at La Tigra has identified two structural systems that seem to be hosting gold-silver mineralization in a stacked vein system. Right now, a trenching program is underway. . .upon completion and interpretation of the data from the sampling and trenching program, the company will start a phase one drill program at La Tigra once all relevant permits have been received."

More Expert Comments

Experts Following This Company

headshot of Thibaut Lepouttre
Thibaut Lepouttre, Editor Caesars Report

Company News 

9/8/2022 – Sierra Madre Announces Closing of First Tranche of $10 Million Best Efforts Private Placement

8/16/2022 – Sierra Madre Announces Update to $10 Million Best Efforts Private Placement

7/25/2022 – Sierra Madre Announces Kenneth Scott as CFO

6/27/2022 – Sierra Madre Announces $10 Million Best Efforts Private Placement of Subscription Receipts

The information provided above is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.See disclaimer for more details.

Investing Highlights
Management: track record of discovery, advancement & monetization in Mexico and globally
Robust pipeline of acquisitions and positive preliminary metallurgical results on flagship, Tepic
Positioned to become a junior mid-tier producer in Mexico near major infrastructure
catalyst Calendar
67 drill holes permitted and ready to drill; Updated NI 43-101 resource on Tepic project appx 6 mont
Announcement of new acquisitions over the course of the next year
PEA and development studies in the next 1.5-2 years