Sierra Madre Receives Mexican Antitrust Approval for Del Toro Mine Acquisition
Sierra Madre Gold and Silver Ltd. announced it has received approval from Mexico's antitrust agency, COFECE, for the acquisition of the Del Toro Silver Mine. This regulatory milestone is key to the company's expansion strategy.
Vancouver, British Columbia – Sierra Madre Gold and Silver Ltd. has received approval from Mexico's Federal Economic Competition Commission (COFECE) for its planned acquisition of the Del Toro Silver Mine. The company announced the antitrust clearance on May 22, 2026.
This approval represents a significant regulatory hurdle cleared for Sierra Madre, supporting its strategy of building a multi-asset precious metals portfolio in Mexico. CEO Alex Langer stated that the COFECE approval is a key milestone and validates the company's strategic direction.
Upon closing, Sierra Madre will own the Del Toro mine in addition to its producing La Guitarra mine. The company plans to initiate the restart process for Del Toro in mid-2027, with first production anticipated in mid-2028.
The Del Toro mine, located in the Chalchihuites District, previously operated between 2013 and 2019. It is a permitted, past-producing underground silver, gold, and lead mine equipped with an on-site processing plant that has a capacity of 3,000 tonnes per day.