Recorded on August 25 2026 at NRS Studios
TSX Venture Exchange: SM
OTCQX Best Market: SMDRF
Frankfurt Stock Exchange: 409
Andy Millette sits down with Alex Langer, CEO, President and Director of Sierra Madre Gold and Silver Ltd., to discuss the company’s growth strategy across La Guitarra and Del Toro in Mexico. Langer explains how La Guitarra reached commercial production January 1 2025 and why management chose a cash-flow-first model instead of relying only on drilling and repeated capital raises. He discusses the plan to expand production, lower operating costs, and deploy capital into exploration while the company remains debt free after repaying its First Majestic loan. The conversation covers the fully permitted underground operation, East District exploration, Mina de Agua, El Rincón, and the planned drilling program across La Guitarra. Langer also breaks down the Del Toro acquisition in Zacatecas, its 3,000 tonne per day processing facility, and the opportunity for a future restart. Andy and Alex finish with Sierra Madre’s share structure, cash position, planned 60,000 metres of drilling over 18 to 24 months, and the expected flow of exploration and expansion news. #Millettian
Key Topics
La Guitarra commercial production
Production expansion and lower operating costs
Cash flow and debt repayment
Franklin Templeton financing
East District exploration
Mina de Agua and El Rincón
60,000 metre drilling plan
Del Toro acquisition and restart potential
Share structure and cash position
Upcoming exploration and expansion news
Sierra Madre Gold and Silver Ltd.
Website https://sierramadregoldandsilver.com/
Host Andy Millette Natural Resource Stocks
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Chapters
00:00 Cold Open
00:57 Alex Langer And Sierra Madre Gold And Silver
01:45 Sierra Madre Overview And Commercial Production
02:08 Production Growth And Expansion
03:05 Cash Flow Positive From Day One
05:34 Cash Flow Costs And Debt Repayment
06:43 Franklin Templeton Funding And Drilling
07:23 Fully Permitted Underground Mine
08:48 District Scale Exploration Upside
09:29 East District Exploration And Drilling
09:51 Mina de Agua And El Rincón
11:46 Mill Capacity And Production Scale
12:29 East District Drill Program
13:12 Market Cap And Del Toro
14:58 Share Structure
15:44 Cash Position And 60,000 Metre Plan
17:01 News Flow And Catalysts
17:43 Tickers And Where To Follow
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