Dig Deep Reviving Historic Mines: The Strategic Vision Behind Sierra Madre's LaGuitarra Project
In this episode, we chat with Alex Langer, CEO of Sierra Madre, a Canadian listed junior miner with 2 metals projects in Mexico, with their flagship project, La Guitarra Mine in Mexico’s Silver Belt recently going into production.
Alex is a successful public markets specialist with 20 years of experience, starting his career as an Investment Advisor with Canaccord Genuity, where he helped fund over 100 private and publicly listed companies including the IPOs for Endeavour Silver, Fortuna Silver, and Great Panther. He’s on the podcast to discuss the history of the company, now in production what’s next for the business, an update on the current silver market, and an update on the Mexican mining industry.
KEY TAKEAWAYS
- Sierra Madre has successfully transitioned into full commercial production at its flagship LaGuitarra mine in Mexico, which was previously on care and maintenance. This achievement marks a significant milestone for the company, allowing it to generate cash flows.
- The LaGuitarra mine covers approximately 28,000 hectares and has a rich history of silver and gold production. The company plans to allocate around $3 million for exploration to drill key areas, particularly the East District, which includes historically significant mines with high-grade material.
- Current high prices for gold and silver are beneficial for Sierra Madre, providing significant revenue opportunities. The company has structured its operations to maintain low costs, which allows it to be resilient in fluctuating market conditions.
- Recent changes in the Mexican government have led to a more favorable regulatory environment for mining, with new permits being issued and a renewed focus on the importance of the mining sector for the economy. This shift is expected to bolster confidence in mining projects within the country.
BEST MOMENTS
"We really wanted something that was fully permitted. And so we were quite fortunate that La Guitarra was fully permitted. First Majestic did an amazing job in terms of their community relations and environmental permitting."
"We have now actually identified over 60 kilometres of vein material at surface. This area used to be one of the most prolific and historic producers of silver gold from the 16th, 17th, 1800s."
"Every dollar a silver price goes up is really significant to our bottom line. It's straight revenue, which is wonderful."
"We feel quite confident we can increase production relatively quickly and hopefully out of cash flows."
VALUABLE RESOURCES
Mail: rob@mining-international.org
LinkedIn: https://www.linkedin.com/in/rob-tyson-3a26a68/
X: https://twitter.com/MiningRobTyson
YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast
Web: http://www.mining-international.org
This episode is sponsored by Hawcroft, leaders in property risk management since 1992. They offer:
- Insurance risk surveys recognised as an industry standard
- Construction risk reviews
- Asset criticality assessments and more
Working across over 600 sites globally, Hawcroft supports mining, processing, smelting, power, refining, ports, and rail operations. For bespoke property risk management services, visit www.hawcroft.com
GUEST SOCIALS
https://sierramadregoldandsilver.com/contact
investor@sierramadregoldandsilver.com
https://www.youtube.com/channel/UCERWQNg-1wABjaexIj_U6yA
https://www.linkedin.com/company/sierramadre/
ABOUT THE HOST
Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first-world to third-world countries from Africa, Europe, the Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.
CONTACT METHOD
https://www.linkedin.com/in/rob-tyson-3a26a68/
Podcast Description
Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.