Sierra Madre Gold and Silver has made significant moves in their equity price following a finance deal to get the La Guitarra project up and running. The company secured a $5 million US dollar loan facility, assisting in further infrastructure and equipment development. They also obtained permits for a dry stack tailings facility, paste backfill, and 58 surface drilling pad locations, indicating significant exploration and resource expansion opportunities. The CEO, Alex Langer, remains focused on executing the company's plans and is open to the possibility of moving into production quicker if feasible.
Mining Stock Daily