Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) has achieved profitability for two consecutive quarters since commencing commercial production, noted VSA Capital Analyst Oliver O'Donnell in an updated research note on August 27.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) recently announced a heavily oversubscribed placement, which VSA Capital believes will help with the company's exploration and growth plans.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) will be focused on mining fresh ore and areas of stronger grade by year-end at its La Guitarra project in Mexico, noted a VSA Capital report.
Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) intends to optimize the ratio of production from both of its operating mines in Mexico to maximize the benefit, noted a VSA Capital report.
Sierra Madre Gold & Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) should turn a profit soon owing to consistent commercial production and higher prices, noted a VSA Capital report.
Now operating at commercial rates and accessing higher grade, this miner is poised to deliver profitability in the near term, noted a VSA Capital Markets report.
"With the gold price up 26% and silver up 29% YTD (silver was 52% of revenue in this quarter), Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) is well-positioned for a major rerating in the precious metals sector," a VSA Capital research note reported.
Given the miner's recent achievements at the project and adequate funding, VSA Capital believes the plan is doable, it wrote in a report.
The gold-silver explorer-developer aims to launch test production in H2/24, noted a VSA Capital report.