Sierra Madre Repays $2.5M of First Majestic Loan, Expects to Repay Remainder in Coming Months

Sierra Madre Gold and Silver Ltd. has repaid $2.5 million of its $5 million non-revolving, secured term loan with First Majestic Silver Corp. The repayment is ahead of schedule and the company expects to repay the remainder of the loan in the coming months. The early repayment is driven by a strong silver and gold price environment, which has accelerated cash generation from the La Guitarra mine. The first stage of the La Guitarra production expansion is expected to come online at the end of Q2 2026, increasing throughputs by a minimum of 50% from the current 500 tpd run rate.