{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Sierra Madre Gold & Silver (TSXV:SM) - How Permitted Silver Mine Mitigates Uncertainty","html":"","width":"100%","height":180,"duration":644,"description":"Interview with Alex Langer, President & CEO of Sierra Madre Gold & Silver Ltd.Our previous interview: https://www.cruxinvestor.com/posts/sierra-madre-gold-silver-tsxvsm-larger-resource-restarting-production-4370Recording date: 10th November 2023Mitigating Risk in Mexico's Shifting Political LandscapeWith recent political changes in Mexico creating uncertainty around mining policies, Sierra Madre Gold and Silver provide a compelling investment opportunity for investors seeking to gain exposure to silver production while minimizing country risk.In a recent interview, Sierra Madre CEO Alex Langer explained how the company's strategic approach in Mexico is designed to navigate the challenging political environment and create value for shareholders.Fully Permitted Asset De-Risks ExecutionSierra Madre's focus is restarting the fully permitted La Guitarra silver mine located in the Mining District southwest of Mexico City. Langer highlights that acquiring a past-producing mine with permits already in place provides a major advantage in the current climate.\"Having that as a leg up really de-risked the project and allows us to focus on just operations and getting the mine up and running vs. permitting,\" said Langer.This effectively avoids the potential years-long permitting process required for new mines which would face substantial uncertainty. Sierra Madre can instead devote its capital to sustaining operations and expanding resources.Fast Track to ProductionBy targeting near-term production at La Guitarra, Sierra Madre aims to start generating cash flows quickly rather than facing the dilution required to finance extensive exploration. Langer estimates restarting production will cost just $10-12 million, far less than building a new 500 ton per day mine.\"Once we're able to get back into production, generate cash flows, we will be able to use that capital, that excess capital for exploration to explore the rest of the project and make this quite a bit larger,\" explained...","thumbnail_url":"https://img.transistorcdn.com/1wv-MFlQAgnm-ca64e5kK4984dZB0os8-HJdRVsI74M/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzEzNTcyLzE2MjM5/NTQyMDctYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}