{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Company Interviews","title":"Sierra Madre Gold & Silver (TSXV:SM) Commences Production in Mexico Amid Bullish Silver Market","html":"","width":"100%","height":180,"duration":1035,"description":"Interview with Alex Langer, President & CEO of Sierra Madre Gold and Silver LtdOur previous interview: https://www.cruxinvestor.com/posts/sierra-madre-gold-silver-tsxvsm-how-permitted-silver-mine-mitigates-uncertainty-4391Recording date: 11th October 2024Sierra Madre Gold & Silver (TSXV:SM) has recently transitioned from explorer to producer, marking a significant milestone in the company's development. The company commenced production at its La Guitarra silver and gold mine in Mexico on June 25th 2024, positioning itself to capitalize on the current robust silver market.CEO Alex Langer highlights the company's fortunate timing, with silver prices surging from around $18 per ounce during initial due diligence to current levels above $30 per ounce. This price appreciation significantly enhances the project's economics and cash flow potential, providing a strong foundation for the company's growth plans.Sierra Madre's operations in Mexico come at a time of political transition, with the recent election of Claudia Sheinbaum as president. Initial concerns about potential regulatory tightening have given way to cautious optimism. The company's underground mining operation at La Guitarra has insulated it from some of the regulatory debates surrounding open-pit mining, potentially providing a competitive advantage.The company is currently in the test mining phase, with commercial production targeted for the end of 2024. Sierra Madre defines commercial production as achieving a consistent throughput of 500 tons per day. Looking ahead, the company has ambitious growth plans, aiming to double production to 1,000 tons per day by 2027. At this production level, the mine could potentially produce over 2 million ounces of silver equivalent per year, a significant output that could attract increased investor attention.Financially, Sierra Madre secured a $5 million loan in May 2024 from its largest shareholder, First Majestic Silver. This financing was strategically timed to...","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}