EPISODE · May 15, 2026 · 1H 37M
Growing Silver Production in Mexico, But Can It Remain Profitable? | Sierra Madre CEO Interview
from Resource Talks (CEO BBQ) · host Resource Talks
❗SIERRA MADRE HAS NOT PAID FOR THIS VIDEO. Terrahutton doesn't only make the invisible, investable, they also sponsored this video, making it free of ads: https://www.terrahutton.io/.By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.caTimestamps:00:00:00 Chapters00:00:12 Very Important Warning00:01:03 Sierra Madre Gold & Silver Company Overview00:06:10 Building to mid-tier or selling out?00:10:53 Has the CEO made shareholders money before?00:12:56 Does the CEO have other jobs?00:13:54 Will the CEO buy more shares?00:15:14 Who owns the other 22%?00:16:16 Are all insiders reporting?00:17:08 What will First Majestic do with their shares?00:21:35 Any royalties on La Guitarra?00:22:10 What are the change-of-control fees?00:23:47 Why is First Majestic selling these assets?00:25:38 Why did previous operators fail at La Guitarra?00:26:31 Biggest open question at La Guitarra?00:28:03 Biggest open question at Del Toro?00:29:44 When will those questions be answered?00:30:09 Can they execute on all fronts at once?00:32:20 Will they need to raise more capital?00:33:26 How is the Del Toro deal financed?00:33:59 How will they beat previous operators?00:35:26 Looking for a third asset?00:37:01 What does the ideal acquisition look like?00:39:14 Is Mexico-only focus a real risk?00:40:28 Do they need a feasibility study?00:47:08 Still mining at the 135g cutoff?00:48:32 Why did Q4 2025 costs spike to $40?00:50:48 What is the long-term AISC target?00:51:42 Profitable at $30 silver?00:52:56 What grade will the mine settle at?00:53:45 What will La Guitarra exploration cost and deliver?00:57:13 How big could the exploration target be?00:58:17 When will the first drill results be out?00:59:15 How much of Del Toro's resource is economic?01:00:23 What is the ROI on drilling?01:03:46 Best-case Del Toro resource by 2028?01:04:41 When does Del Toro drilling start?01:05:54 How often will news flow come?01:06:51 Will they redo Del Toro's metallurgy?01:07:50 Can recoveries be improved?01:08:43 What can Del Toro produce at full capacity?01:10:06 Is the 4,000 TPD contingent payment realistic?01:11:28 What is the real community situation?01:15:12 What was the 2008 blockade about?01:16:26 Most sensitive community issue?01:18:02 Is Mexico security a concern?01:19:35 What permits are still needed?01:20:56 How mining-friendly is Mexico?
What this episode covers
❗SIERRA MADRE HAS NOT PAID FOR THIS VIDEO. Terrahutton doesn't only make the invisible, investable, they also sponsored this video, making it free of ads: https://www.terrahutton.io/.By consuming this content, you acknowledge that Resource Talks and/or its affiliates and/or their personnel may have a conflict of interest as they may own, have owned, or will own interests in and/or may have a business relationship with some or all companies/entities mentioned/featured in this publication. The information provided herein is general & impersonal in nature and meant for entertainment purposes only. Viewers, listeners, and readers acknowledge and agree that the information presented herein does not constitute a solicitation of an offer to buy or sell any security or instrument or to participate in any trading strategy. Resource Talks and all parties involved in the management of the business strictly disclaim any and all liability for losses and/or damages, whether direct, indirect, special, or consequential, or other consequences, howsoever caused, arising out of any use or reproduction of the content published by Resource Talks, or any decision made or action taken in reliance upon it.By consuming this content, all consumers vow to release Resource Talks and all parties involved in the management of the business from all claims, proceedings, or consequences.Nobody involved in the production of this publication is a licensed investment advisor.No recommendations are being made to buy or sell any securities in this video.The mining and exploration space is highly likely to lose you money. Failure is the norm and should be the expectation. Don’t risk what you can’t afford to lose. If you don't understand it, don't do it. The minimum risk on anything mentioned in this publication is 100% loss of capital.Read official company filings on www.SedarPlus.caTimestamps:00:00:00 Chapters00:00:12 Very Important Warning00:01:03 Sierra Madre Gold & Silver Company Overview00:06:10 Building to mid-tier or selling out?00:10:53 Has the CEO made shareholders money before?00:12:56 Does the CEO have other jobs?00:13:54 Will the CEO buy more shares?00:15:14 Who owns the other 22%?00:16:16 Are all insiders reporting?00:17:08 What will First Majestic do with their shares?00:21:35 Any royalties on La Guitarra?00:22:10 What are the change-of-control fees?00:23:47 Why is First Majestic selling these assets?00:25:38 Why did previous operators fail at La Guitarra?00:26:31 Biggest open question at La Guitarra?00:28:03 Biggest open question at Del Toro?00:29:44 When will those questions be answered?00:30:09 Can they execute on all fronts at once?00:32:20 Will they need to raise more capital?00:33:26 How is the Del Toro deal financed?00:33:59 How will they beat previous operators?00:35:26 Looking for a third asset?00:37:01 What does the ideal acquisition look like?00:39:14 Is Mexico-only focus a real risk?00:40:28 Do they need a feasibility study?00:47:08 Still mining at the 135g cutoff?00:48:32 Why did Q4 2025 costs spike to $40?00:50:48 What is the long-term AISC target?00:51:42 Profitable at $30 silver?00:52:56 What grade will the mine settle at?00:53:45 What will La Guitarra exploration cost and deliver?00:57:13 How big could the exploration target be?00:58:17 When will the first drill results be out?00:59:15 How much of Del Toro's resource is economic?01:00:23 What is the ROI on drilling?01:03:46 Best-case Del Toro resource by 2028?01:04:41 When does Del Toro drilling start?01:05:54 How often will news flow come?01:06:51 Will they redo Del Toro's metallurgy?01:07:50 Can recoveries be improved?01:08:43 What can Del Toro produce at full capacity?01:10:06 Is the 4,000 TPD contingent payment realistic?01:11:28 What is the real community situation?01:15:12 What was the 2008 blockade about?01:16:26 Most sensitive community issue?01:18:02 Is Mexico security a concern?01:19:35 What permits are still needed?01:20:56 How mining-friendly is Mexico?
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Growing Silver Production in Mexico, But Can It Remain Profitable? | Sierra Madre CEO Interview
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