Business
Sierra Madre Receives Mexican Antitrust Approval for the Acquisition of the Del Toro Mine
Vancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has received approval for the acquisition ("Acquisition") of the Del Toro Silver Mine in the Chalchihuites District in Mexico ("Del Toro") from Mexico's antitrust agency, the Comisión Federal de Competencia Económica ("COFECE"). Alex Langer, Chief Executive Officer, commented, "Receiving COFECE approval is a...
About this update from Sierra Madre Gold & Silver Ltd.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - May 22, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) (OTCQX: SMDRF) ("Sierra Madre" or the "Company") is pleased to announce that it has received approval for the acquisition ("Acquisition") of the Del Toro Silver Mine in the Chalchihuites District in Mexico ("Del Toro") from Mexico's antitrust agency, the Comisión Federal de Competencia Económica ("COFECE").","length":470,"tagName":"p"},{"type":"text","content":"Alex Langer, Chief Executive Officer, commented, "Receiving COFECE approval is a key regulatory milestone and a strong validation of our strategy of building a multi-asset producing silver and gold portfolio in Mexico. With this clearance, we are well-positioned to finalize the acquisition and move forward with our plans to advance exploration ahead of a possible planned restart of Del Toro."","length":405,"tagName":"p"},{"type":"text","content":"Upon closing of the Acquisition, Sierra Madre would hold the producing La Guitarra mine - where a two-stage expansion is underway to more than double throughputs by mid-2027 - as well as Del Toro. Current plans are to commence the mine restart process at Del Toro in mid-2027, with first production expected in mid-2028.","length":320,"tagName":"p"},{"type":"text","content":"Del Toro is a fully permitted, past-producing underground silver-gold-lead mine with an on-site process plant that operated between 2013 and 2019. It features three underground centres, with a total of over 62.5 km of development in place. The site includes a functional process circuit: three mills with a total capacity of 3,000 tpd, sulphide and oxide flotation circuits as well as a new dry stack tailings storage facility.","length":427,"tagName":"p"},{"type":"text","content":"Please see the Company's December 17, 2025 press release for details of the Del Toro acquisition.","length":101,"tagName":"p"},{"type":"text","content":"Qualified Person ","length":16,"tagName":"p"},{"type":"text","content":"Mr. Gregory Smith, P. Geo, Director of Sierra Madre, is a Qualified Person as defined by NI 43-101, and has reviewed and approved the technical data and information contained in this news release. Mr. Smith has verified the technical and scientific data disclosed herein.","length":271,"tagName"...