Sierra Madre Gold and Silver Reports 2025 Financial Results and Expansion Plans
Sierra Madre Gold and Silver reported US$25 million in annual revenues and US$6 million in adjusted EBITDA for 2025. The company is proceeding with a two-stage expansion of its La Guitarra mine and plans to acquire the Del Toro mine.
Vancouver, BC – Sierra Madre Gold and Silver Ltd. (TSXV: SM) announced its audited financial results for the year ended December 31, 2025, detailing a year of operational restart and strategic expansion. The company reported total annual revenues of US$24.96 million and adjusted EBITDA of US$6.03 million for 2025. During the year, Sierra Madre sold 628,196 silver equivalent ounces from its La Guitarra mine.
The company is advancing a two-phase expansion project at the La Guitarra facility. Phase 1 is on schedule for commissioning by the end of Q2 2026, aiming to increase throughput capacity by approximately 50%. Phase 2 is targeted for completion by Q3 2027, with the goal of further increasing capacity to a range of 1,200 to 1,500 tonnes per day.
CEO Alex Langer highlighted the company's progress, stating, "2025 marked a transformational year for the Company with the restart of La Guitarra." He noted upcoming milestones for 2026, including the expected closing of the Del Toro mine acquisition in May. The company is also installing backup generators to mitigate power outages experienced in 2025 and initiating a significant exploration drilling program at La Guitarra.
In a move to expand its operations, Sierra Madre announced in December 2025 its intention to acquire the Del Toro silver mine from First Majestic Silver Corp. The company concurrently completed a financing that raised gross proceeds of C$57.5 million. This acquisition is expected to bolster the company's production profile and diversify its asset base.