Precious metals exploration and development company Sierra Madre will resume trading on the TSX-V when the market opens on Monday, following a lengthy process to relist.
Shares were halted from trading following the announcement of the definitive acquisition of La Guitarra project, in Mexico, from First Majestic on May 25 last year.
In addition to re-listing on the TSX-V, the company intends to quickly take the necessary steps to requalify for OTCQX, in order to provide increased liquidity to our US shareholders.
Sierra Madre CEO Alex Langer says the company has “a lot of news” to share over the coming months, including drill results from the Tepic and La Tigra projects, in Mexico, and updates from La Guitarra.
“We have been very active at site since January at La Guitarra, as we continue to fast-track components of the project vital for recommencing production. We have begun sourcing and rebuilding underground mining equipment, refurbishing the mill, and commissioned a study to improve the efficiency of the flotation circuit. In the eastern portion of the Temascaltepec mining district, we have initiated a district scale mapping programme,” says Langer.
La Guitarra is a high-grade, past-producing underground mine with an on-site process facility that operated up to August 2018.