Business
Sierra Madre Announces Strong Q2 2025 Financial Results, Ramps up Coloso Mine at La Guitarra
173,562 Silver Equivalent Ounces Sold During Second Quarter of Commercial Production Revenues ...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Sierra Madre Announces Strong Q2 2025 Financial Results, Ramps up Coloso Mine at La Guitarra173,562 Silver Equivalent Ounces Sold During Second Quarter of Commercial ProductionRevenues of US$5.4 Million in Q2 2025, Gross Profit of US$1.3 MillionC$19.5 Million Private Placement Closed Following Quarter-EndVancouver, British Columbia--(Newsfile Corp. - August 21, 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 June 30, 2025 (\"Q2 2025\"). Unless otherwise noted, all amounts are expressed in U.S. dollars. The Company will participate in a webinar to discuss the financial results on Monday, August 25 at 2pm ET. Registration details below.Alex Langer, Chief Executive Officer, commented, \"We are very happy with the results of only our second quarter of commercial operations at La Guitarra silver-gold mine complex in Mexico. The second quarter generated revenues of $5.4 million and a gross profit of $1.3 million, with both numbers showing growth over Q1 2025, despite Q2 2025 production being impacted by an earlier-than-usual onset of seasonal heavy rains in May, which resulted in power outages with correlating plant downtime. Our operating team remains focused on fine-tuning the mining and milling processes at the site, while ramping up the higher-grade Coloso mining centre where dewatering and underground development are underway. We expect grades to increase into the second half of 2025 from development work underway at both the Guitarra and Coloso mines.\"Mr. Langer continued, \"Following quarter-end, we also closed a C$19.5 million financing supported by high-quality institutional shareholders. We are planning to deploy these funds in part to purchase additional equipment and implement improvements at the mine to reduce costs and increase production grades and volumes in the near-term. We are also finalizing plans for a plant expansion to increase capacity up from the current 500 t/d run rate, and preparing for a significant exploration program at the East District concessions, which will include a drill program of over 20,000 metres. On behalf of the entire team, I would like to thank our existing shareholders for their continued confidence and support and welcome our new shareholders who participated in this fi...