Sierra Madre Gold and Silver has started test mining and is progressing well, with the mine running at 24 hours consistently. They have already shipped their first concentrate and cash flows are coming in. The company aims to increase production without needing further capital and accelerate timelines for commercial production. The silver and gold prices are working in their favor. They have a plan to double capacity in stages, with a goal of 500 tons per day and potential for even higher production. The company is focused on profitability and keeping costs per ounce as low as possible. They have a good understanding of their mine plan and resources, but will need a year of production before stating reserves and mine life. They are considering doing a PEA in the future. The company aims to be self-financing and use cash flows to explore the rest of the property. They are optimistic about the silver and gold prices and the future of the company.
Sierra Madre Gold & Silver: CEO on the First Shipment of Silver-Gold Concentrate and Upscaling Plans
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