Sierra Madre Gold and Silver provides a corporate update on the La Guitarra project in Mexico. They have found the best off-taker for their concentrate, which allows them to deliver the material and get paid shortly thereafter. The concentrate is a high-grade mix of gold and silver that can be blended with other materials to increase value. The company is fully permitted and has a positive outlook on the political situation in Mexico. The economics of the project are favorable, with low sustaining costs and a healthy margin. The next steps include testing the equipment and further commissioning of the plant. Sierra Madre is fully financed.
Mining Stock Daily