Sierra Madre Gold & Silver Ltd (SM CN) has now completed a C$57.5m fundraise in conjunction with the conditional acquisition of the recently past-producing silver mine, Del Toro, in Zacatecas, Mexico. First Majestic (FM CN) developed Del Toro from 2006, with first production in 2011 until low pricing prompted care and maintenance in early 2020. The mine produced over 10mnoz AgEq. SM is acquiring the project for an initial US$30m in cash and shares, with up to US$30m in deferred and contingent pa ....
