Sierra Madre Gold & Silver Ltd. (TSE:SM) has released an update.
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Sierra Madre Gold & Silver Ltd. has commenced its first shipment of silver-gold concentrate from its wholly-owned Guitarra Mine Complex, marking a significant company milestone. The initial shipment consisted of 90.68 dry metric tonnes, rich in silver and gold, with additional shipments planned imminently. The company aims to steadily increase production, targeting 500 tonnes per day by year-end, which will support weekly revenue generation and potentially eliminate the need for additional capital to reach commercial production.
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