01:17 PM EDT, 03/24/2026 (MT Newswires) -- Sierra Madre Gold and Silver ( SMDRF ) on Tuesday said it repaid US$2.5 million to date of the US$5-million non-revolving, secured term loan between First Majestic Silver ( AG ) and the company.

"We are proud to announce the early repayment of half of our loan facility with First Majestic, driven by a strong silver and gold price environment, which has been reflected in an acceleration of cash generation from La Guitarra," said Chief Executive Officer Alex Langer. "This repayment is ahead of schedule and we expect to repay the remainder of the loan in the coming months. We continue to look forward to the next phase of growth with the first stage of the La Guitarra production expansion expected to come on-line at the end of Q2 2026, which is expected to increase throughputs by a minimum of 50% from the current 500 tonnes per day ("tpd") run rate."

Sierra Madre Gold and Silver ( SMDRF ) shares were last seen up $0.11 to $1.55 on the TSX Venture Exchange.

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