Natural Resource Stocks
Natural Resource Stocks
San Marcial Spin-Out: Hidden Value at Sonoro?
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Tickers: TSX-V: SGO | OTCQB: SMOFF | Frankfurt: 23SP.
Sonoro Gold Corp

Recorded on October 7, 2025.

Chairman John M. Darch and CEO Kenneth MacLeod join Andy Millette to unpack Sonoro Gold’s latest strategy: spinning out the San Marcial gold-silver project into a separate listed company so current Sonoro shareholders would receive shares pro rata—creating parallel exposure alongside the flagship Cerro Caliche heap-leach gold project.
Sonoro Gold Corp
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What we cover

Why a San Marcial spin-out now (value recognition; not diverting funds from Cerro Caliche).

Financing update: recent raise priced above the prior round; fully subscribed with new participation.

Permitting (MIA): approval timing view and how evolving standards in Mexico affect the process.

Updated PEA targeted for Q1 2026; how higher gold pricing expands the mine plan and expected economics.

Management background and why they believe Sonoro is positioned to move Cerro Caliche into production.
Sonoro Gold Corp
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Company / Project Links

Sonoro Gold – Overview: sonorogold.com
Sonoro Gold Corp

Directors & Management (headshots & bios): sonorogold.com/directors-management
Sonoro Gold Corp

San Marcial Project page: sonorogold.com/project/san-marcial
Sonoro Gold Corp

Recent private placement close: News release (tickers confirmed)
Sonoro Gold Corp

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