Sierra Madre Commences Underground Mining at Coloso and Expands Guitarra Complex

Sierra Madre Gold & Silver releases Q4 results, starts mining higher grade Coloso zone

Sierra Madre Gold & Silver (SM.V) which is currently processing about 500 tonnes per day on its La Guitarra gold-silver project in Mexico, has released the financial results for the fourth quarter of last year. Keep in mind the company only declared commercial production on January 1st of this year, but the breakdown of the Q4 results provides a good look under the hood. As the company’s processing plant continued to ramp up, its reported revenu…

Sierra Madre Commences Underground Mining at Coloso and Expands Guitarra Complex

Sierra Madre Gold and Silver Ltd. (TSXV: SM | OTCQX: SMDRF) has commenced underground mining at the Coloso silver-gold mine, situated within its Guitarra Mine Complex in the State of Mexico, Mexico. This advancement follows the company’s recent achievement of full commercial production at the Guitarra processing plant, which has been operating at a consistent capacity of 500 wet metric tonnes per day for over 90 days.​ The Coloso mine, previousl…