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Sierra Madre Gold & Silver Ltd. ( (TSE:SM) ) has issued an update.
Sierra Madre Gold & Silver has secured federal 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/forestry to mining and has executed land purchase agreements covering this permit area plus an additional 33.1 hectares. The newly authorized Tlacotal area will serve as a staging ground for near-term exploration and is positioned for potential future mine development and support facilities for the Mina de Agua–Santa Ana vein deposit, while the company has also obtained an option to purchase the Lopez Extension lands, including the current tailings facility and adjoining private ground, supported by a 30-year lease extension that facilitates planning for a tailings expansion, improved mine access, and space optimization around existing operations; together, these steps underpin Sierra Madre’s strategy to build a production hub in the East District, with 20,000 to 25,000 metres of drilling 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 exploration and development company focused on silver-gold projects in Mexico, including the La Guitarra silver-gold complex in Estado de Mexico. The company is working to advance its East District concessions, with planned drilling campaigns and infrastructure development aimed at establishing a production center in the region.
Average Trading Volume: 713,212
Technical Sentiment Signal: Buy
Current Market Cap: C$417.2M
Find detailed analytics on SM stock on TipRanks’ Stock Analysis page.