Canada · Delayed Price · Currency is CAD Sierra Madre Gold and Silver Earnings Call Transcripts
Fiscal Year 2025
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Production targets met with strong Q2 financials and higher-grade ore from new mines. Fully funded expansion aims to triple output by 2027, leveraging a large resource base and experienced management. Over 60% of shares are held by long-term investors.
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Production at La Guitarra mine is set to triple by Q3 2027, supported by recent financing and plant upgrades. Exploration targets in the east district and new equipment purchases are expected to boost output and lower costs.
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Q2 saw double-digit revenue and EBITDA growth, driven by higher grades and production ramp-up at Coloso and Guitarra. A $19.5M capital raise supports expansion, equipment upgrades, and a major exploration program, with all three mines expected to be producing by next year.
Fiscal Year 2024
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Production at La Guitarra mine ramped up ahead of schedule, with strong cash flow and expansion plans targeting 500 tons per day by year-end and up to 1,500 tons per day longer term. Significant resource growth and exploration potential position the company for further value creation.