Sierra Madre Receives Final Approval for Del Toro Mine Acquisition

Sierra Madre Gold and Silver Ltd. announced on May 22, 2026, that it has received the final required approval from Mexican antitrust authorities for its acquisition of the Del Toro silver mine. This approval clears a significant hurdle for the transaction with First Majestic Silver.

The company also reported robust financial results for the first quarter of 2026, highlighting record quarterly revenues. This strong financial performance complements the operational progress Sierra Madre has been making, including production expansion and equipment purchases at its La Guitarra mine.

Sierra Madre has been active in strengthening its financial position and operational capacity. Recent activities include repaying a portion of a loan from First Majestic, securing land use authorization, and expanding its land holdings. The company also announced shareholder approval for the Del Toro acquisition, signaling strong support for the strategic move.

Furthermore, Sierra Madre was recognized as a top 50 company on the TSX Venture Exchange for 2026. The company has been actively raising capital through multiple offerings and has been advancing its exploration and production plans across its Mexican assets, aiming to increase its silver and gold output.