Sonoro Gold Fundamental Research – A Buy

➢ We are resuming coverage on Sonoro Gold. The company’s portfolio includes the advanced-
stage Cerro Caliche gold project, and the pre–resource stage San Marcial gold–silver project,
in Mexico. SGO plans to spin out San Marcial into a new publicly listed entity, with shareholders
receiving free shares in the new company.
➢ Mexico’s mining sector is rebounding under President Sheinbaum, with 100 of 175 pending
permits already approved, signaling renewed investor optimism.
➢ Cerro Caliche is strategically located near operating mines owned by Bear Creek Mining (TSXV:
BCM/MCAP: $152M) and Goldgroup Mining (TSXV: GGA/MCAP: $327M), as well as an
Price and Volume (1-year)
exploration project by Agnico Eagle (NYSE: AEM). Regional M&A opportunities are emerging
as GGA’s mine nears depletion, positioning SGO as an attractive target if and when Cerro
Caliche receives its environmental permit. In 2028, SGO… Read Full Fundamental Research Corp. Analysis of Sonoro Gold

More Info: Sonoro Gold Corp

Last updated on December 17, 2025

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Advancing a Low-CAPEX Gold Project Amid Mexico’s Mining

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