

Sierra Madre Gold & Silver CEO Alex Langer Comments on Revenues from La Guitarra Test Mining
Apr 23, 2025
Alex Langer, CEO of Sierra Madre Gold and Silver, shares insights on the company’s impressive financial results from the La Guitarra mine. He discusses transitioning to full production and improving cash flow, highlighting a recent $4.5 million revenue boost. Langer emphasizes operational efficiency through new equipment strategies and infrastructure upgrades aimed at expanding processing capabilities from 240 to 1,000 tons per day. Lastly, he outlines exciting plans for a major drilling campaign by 2026, contingent on market conditions.
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Near-Breakeven During Test Mining
- Sierra Madre Gold & Silver nearly broke even in Q4 2024 during test mining with only a $30 loss.
- Generating $6.5 million in revenue during a test mining phase indicates strong operational progress.
Own Equipment to Cut Costs
- Transitioning from rental equipment to owning machinery lowers costs significantly.
- Reinvesting cash flow to buy equipment reduces all-in sustaining costs and increases profitability.
New Mineralization and Waste Rock Buffer
- Only 22% of processed material came from known resource areas; most was from new mineralization found during development.
- Processing former waste rock material provides a buffer of nearly two years' production and revenue flexibility.