Summary:
La Guitarra is a fully permitted underground silver mine in Temascaltepec, Mexico, 100% owned by Sierra Madre Gold & Silver (TSXV: SM). The mine was in production in 2018 where production averaged between 1 million to 1.5 million AgEq ounces annually between 2015 and 2018. Sierra Madre has commenced test mining at La Guitarra to return Guitarra to full commercial production of 500 tpd, which is expected to commence in Q4 2024.
La Guitarra is subject to a 1% buyback for $2 million.
Interest: 2% NSR Royalty
Location: Temascaltepec, Mexico
Project Status: Producing
Counterparty: Sierra Madre Gold & Silver
