Sierra Madre Reports Record Q1 Revenue of $10.1 Million

Sierra Madre Gold and Silver Ltd. reported its financial results for the first quarter ended March 31, 2026, with the company achieving record quarterly revenues of $10.1 million. The company sold 128,827 silver equivalent ounces during the period. Adjusted EBITDA stood at $2.8 million.

CEO Alex Langer stated that rising commodity prices benefited from a steady production base. "We are on solid footing heading into the rest of 2026," Langer said. He anticipates head grades will improve as the Coloso and Nazareno mines at La Guitarra continue their ramp-up.

The company has invested in new haul trucks, scoop trams, and backup generators to reduce operating costs and ensure production continuity. The first phase of the La Guitarra plant capacity expansion is on schedule for completion by the end of Q2 2026, with expectations to increase throughput by over 50% from current levels.

Sierra Madre is also proceeding with the acquisition of the Del Toro mine and planning exploration drilling in the East District of the La Guitarra Mine Complex in H2 2026. The company held $13.2 million in cash and cash equivalents as of March 31, 2026.