SM has more silver drilling planned while La Guitarra ramps up

There are a couple of things worth pulling out of Sierra Madre’s October 6 interview

La Guitarra is running at around 720 tonnes a day now. Management also talks about roughly 30,000 metres of drilling across the district, planned to start in Q4. Del Toro has another 30,000+ metres planned for next year

The drilling around La Guitarra is interesting because there is already a working mine and plant there. If they find material worth mining nearby, they have somewhere to process it. Still need the drill results first, then a plan that makes sense economically

Del Toro will take more time. They own a past producing operation, but there is plenty of work between buying it and getting it running again

For now the thing to watch is how the current operation handles the extra tonnes, alongside what comes out of the drilling

Would you rather see stronger production numbers first, or a good exploration result around the existing mine?

Interview:
https://www.kereport.com/2026/10/06/sierra-madre-gold-and-silver-ramp-up-to-720tpd-throughput-at-the-la-guitarra-mining-complex-exploration-strategy-across-la-guitarra-and-del-toro-properties/