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Sierra Madre Gold and Silver (SM) investor relations material
Sierra Madre Gold and Silver Corporate Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Corporate Presentation summary13 Nov, 2025
Operational highlights
Achieved full commercial production at La Guitarra mine as of January 1, 2025, with Q3 2025 sales of 153,583 silver equivalent ounces and revenues of $5.5 million, generating a gross profit of $1.7 million.
Milled 38,433 tonnes in Q3 2025, with silver and gold recoveries of 76.96% and 75.55% respectively; adjusted EBITDA reached $1.86 million, up 27% quarter-over-quarter.
Q3 2025 was impacted by power outages, but Q4 and 2026 are expected to show stronger production as issues subside and new mine areas come online.
Plant expansion to 750–800 tpd is underway for Q2 2026, with a second phase targeting 1,200–1,500 tpd by Q3 2027, fully funded from treasury and cash flow.
$19.5M private placement closed in July 2025 and a $5M loan from First Majestic Silver supports ongoing expansion and operational improvements.
Resource and exploration updates
2023 resource update for La Guitarra: 27.2M silver-equivalent indicated ounces (up 373%) and 20.2M inferred ounces (up 204%).
Coloso mine resource grades are 1.7x higher in silver and 1.2x higher in gold compared to Guitarra mine veins.
District-scale mapping at La Guitarra has delineated 59 km of mineralized veins; over 1,400 drill holes totaling 236,000 meters completed.
East District exploration program underway with a $3.5M budget and a 20,000–25,000m drill program planned for Q2 2026.
Tepic project shows over 15 km strike length potential, with recent drilling confirming open structures and significant upside.
Financial and corporate structure
Market cap as of November 2025 is C$214.5M, with 185,998,576 shares outstanding and $16.9M in current assets as of September 30, 2025.
Insider and management ownership totals 21.4%, with First Majestic Silver holding 27.7% and institutions 34.3%.
$5M loan from First Majestic Silver matures in May 2027 at 15% interest, used for mine preparation and upgrades.
Analyst coverage includes Beacon Securities and VSA Capital.
Impact of Coloso/Nazareno on AISC
Recovery gains from finer grind post-expansion
East District's historical grades vs. modern drilling
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Next Sierra Madre Gold and Silver earnings date
Q4 202522 Apr, 2026
Next Sierra Madre Gold and Silver earnings date
Q4 202522 Apr, 2026
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Frequently asked questions
Sierra Madre Gold and Silver Ltd is a mineral exploration and development company focused on the acquisition and advancement of precious metal projects. The company primarily explores for gold and silver deposits, conducting activities such as geological mapping, sampling, drilling, and resource estimation. Its operations are based in Mexico, targeting historically productive mining districts with existing infrastructure. Sierra Madre Gold and Silver Ltd aims to progress its projects through systematic exploration and technical evaluation. The company is headquartered in Vancouver, Canada, and its shares are listed on the TSX Venture Exchange.
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