At the Precious Metals Summit in Zurich, Marc talks with Ken Scott, CFO of Sierra Madre Gold & Silver (TSX-V: SM, OTCQX: SMDRF).
Topics:
- The two-phase expansion at La Guitarra from 500 to 1,500 tpd, with output already above 750 tpd and cash costs set to fall
- A 60,000 m drill program: 30,000 m in the East District of La Guitarra, partly with up to 1.4 km long horizontal holes, and 30,000 m at Del Toro, the second asset acquired from First Majestic
- A possible Del Toro restart in 2028 at about 4.5M oz AgEq per year, taking combined production to around 7M oz
- The goal of becoming a mid-tier producer with 10–12M oz by around 2030
- Funding: about US$18M in cash, working capital of about US$23M, fully funded exploration and expansion
#SierraMadre #Silver #Mexico #FirstMajestic #Mining #PreciousMetalsSummit
Disclaimer: This interview does not constitute investment advice.
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