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Sierra Madre Gold & Silver Ltd. ( (TSE:SM) ) has shared an announcement.
Sierra Madre Gold & Silver is advancing a two-stage expansion at its La Guitarra silver-gold mine, aiming to lift processing capacity from 500 tonnes per day to 750–800 tpd in the first phase and ultimately to 1,200–1,500 tpd by the third quarter of 2027. The company expects these upgrades to increase throughput while improving efficiencies such as underground tailings deposition and equipment availability.
Current work includes installing a new standard head crusher to boost crushing capacity, completing earthworks and fabrication for a new tailings thickener, and refurbishing an 11×12.5 ball mill to support the near-term 750–800 tpd target. Sierra Madre is also expanding its mining fleet with new and rebuilt scoop trams, haulage trucks, drills and a front-end loader to accelerate mine development at Nazareno, Guitarra and Coloso, positioning the operation for higher productivity and extended tailings storage life.
The most recent analyst rating on (TSE:SM) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on Sierra Madre Gold & Silver Ltd. stock, see the TSE:SM Stock Forecast page.
Spark’s Take on TSE:SM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SM is a Neutral.
The score is driven by improving financial performance (turnaround to positive profitability and a relatively solid balance sheet) and strong technical momentum. These positives are materially offset by valuation risk from an extremely high P/E and the remaining weakness in free cash flow.
To see Spark’s full report on TSE:SM stock, click here.
More about Sierra Madre Gold & Silver Ltd.
Sierra Madre Gold & Silver Ltd. is a Canadian mining company focused on silver and gold production and development. Its key asset is the La Guitarra silver-gold mine complex in Mexico, where it is working to expand processing capacity and improve operational efficiency through plant upgrades and equipment investments.
Average Trading Volume: 789,403
Technical Sentiment Signal: Buy
Current Market Cap: C$427.9M
See more insights into SM stock on TipRanks’ Stock Analysis page.