Business
Sierra Madre Announces Positive Q1 2025 Financial Results
165,093 Silver Equivalent Ounces Sold During First Full Quarter of Commercial Production Revenues...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Announces Positive Q1 2025 Financial Results165,093 Silver Equivalent Ounces Sold During First Full Quarter of Commercial Production Revenues of US$4.8 Million - Generating Cash of US$535,000Vancouver, British Columbia--(Newsfile Corp. - May 7, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) (\"Sierra Madre\" or the \"Company\") is pleased to provide financial results for the quarter ended March 31, 2025 (\"Q1 2025\"). All amounts are expressed in U.S. dollars. The Company will participate in a webinar to discuss the financial results on Tuesday, May 13 at 11am ET. Registration details below.Alex Langer, Chief Executive Officer, commented \"We are very pleased with the Q1 results, with $4.8 million in revenues and a gross profit of $1.2 million, including $535,000 in cash generated from operations, reflecting an exciting first quarter of commercial operations at our Guitarra silver-gold mine complex. I would like to highlight our consistent production and revenue growth month over month since the Guitarra restart. We are expecting accelerating revenue growth for Q2 and Q3.\"Mr. Langer continued, \"These results establish a solid base for further growth as we ramp up the Coloso Mine in the complex, which just recently started supplementing higher-grade feed to the plant last month. The Sierra Madre team continues to fine-tune the operation with new mining faces being accessed and significant equipment purchases being made from cash flows. We expect continued improvements in the mining and milling processes as the site runs at the commercial throughput capacity of 500 tonnes per day.\"Q1 2025 Highlights Net Revenues: Silver revenues for the quarter totalled $2.34 million ($31.13 per ounce) and gold revenues totalled $2.89 million ($2,828 per ounce). The Company sold 75,137 ounces of silver (\"Ag\") and 1,022 ounces of gold (\"Au\") or 165,093 silver equivalent (\"AgEq\") ounces, based on the ratio of Au and Ag prices realized for each shipment in the period.Cost of sales was $3.6 million, approximately $21.84 per AgEq ounce sold.All-in-sustaining costs per AgEq ounce sold of $28.98 per ounce, compared to $32.18 in Q4 2024. Gross Profit was $1.2 million.Cash provided by operating activities was $535,000.Current assets, including cash, totaled $4.3 million at March 31, 2025, up from $3.5 million in Q...