Interview with Gregory Liller, Executive Chairman & COO of Sierra Madre Gold & Silver Ltd.

Our previous interview: https://www.cruxinvestor.com/posts/sierra-madre-gold-silver-sm-revitalizing-production-at-the-guitarra-mine-3200

Recording date: 3rd November 2023

Sierra Madre Gold & Silver (TSXV: SM) is a precious metals mining company focused on restarting the historic Tepic silver-gold mine in Mexico. Executive Chairman Greg Liller outlines the company's large resource increase, plans to refurbish the existing 500 tons per day with new pumps and plumbing to improve recoveries, and goal of becoming a mid-tier silver producer.

The recent resource estimate increased indicated resources to 3.8 million tons grading 7 oz/t Ag plus inferred resources of 41 million tons grading 153 g/t Ag. This 373% increase was achieved by incorporating historical data from prior operators and includes higher-grade underground material plus lower-grade tailings and backfill mineralization. 

Sierra Madre Gold and Silver aims to become the next mid-tier silver producer in Mexico. The current resource could support the production of 1.5 million oz Ag per year and exploration potential exists to further expand resources. The focus is to restart the mine and increase scale in a capital-efficient manner. Studies are underway to optimize the crushing circuit and increase daily throughput. The goal is to finalize a mine plan by Q2 2024.

View Sierra Madre Gold & Silver's company profile: https://www.cruxinvestor.com/companies/sierra-madre-gold-silver

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