Sierra Madre Gold & Silver Ltd (SM CN) has reported profitable results for the first quarter of commercial operations following the ramp up in H2 2024. Net revenue of US$4.8m was up 23% QoQ owing to increased production, sales and pricing. COGS of US$3.6m were up 23% QoQ due to increased rates of mining and processing. With the increase in revenue a US$1.24m gross profit was achieved, a significant achievement within nine months of the start of production. G&A and other non-operating expenses to ....
