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Sierra Madre Gold & Silver Ltd. ( (TSE:SM) ) has provided an announcement.
Sierra Madre Gold & Silver has secured authorization to change the land use designation of its 34.7-hectare Tlacotal property in the East District of the La Guitarra silver-gold complex from agriculture and forestry to mining, and has executed land purchase agreements covering this area plus an additional 33.1 hectares. The Tlacotal area will serve as a staging ground for near-term exploration and is strategically located for potential future mine development and support facilities tied to the Mina de Agua–Santa Ana vein deposit and other vein systems, while an option to purchase the Lopez Extension—covering the current tailings facility and adjacent lands—along with a 30-year lease extension, positions the company to pursue a tailings facility expansion, reconfigure site access and infrastructure, and advance its plan to develop the East District into a production hub, with drilling of 20,000 to 25,000 metres scheduled to begin in the second half of 2026.
The most recent analyst rating on (TSE:SM) stock is a Hold with a C$3.00 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 precious metals mining company focused on silver and gold assets in Mexico, including the La Guitarra silver-gold complex in Estado de Mexico, where it is working to build out a production center supported by exploration and resource development programs.
Average Trading Volume: 713,212
Technical Sentiment Signal: Buy
Current Market Cap: C$417.2M
For an in-depth examination of SM stock, go to TipRanks’ Overview page.