Published

8 months ago

November 20, 2025

Alice Rush

Disseminated on behalf of Sierra Madre Gold & Silver Ltd.

Sierra Madre Gold & Silver is building a strong position in Mexico’s growing precious metals industry. The company is creating long-term value through smart growth, low costs, and balanced exposure to both gold and silver. With gold prices at record highs, Sierra Madre is turning opportunity into steady progress.

Its main operation, the La Guitarra Mine Complex, reached commercial production in January 2025 after being acquired from First Majestic Silver. Alongside this, the company holds the Tepic Project, expanding Mexico’s gold and silver frontier. By combining efficient mining with new exploration, Sierra Madre is proving that gold’s value still shines bright in today’s market.

Gold’s Strength in a Changing World

Gold remains a trusted safe-haven asset in uncertain times. Central banks are buying more gold, and geopolitical tensions are pushing demand higher. JP Morgan expects gold prices to average $3,675–$4,000 per ounce by mid-2026. State Street Global Advisors sees gold holding above $3,000/oz, showing that strong prices are here to stay.

The Demand and Supply Side

As per the World Gold Council, in Q2 2025, total gold demand reached 1,249 tonnes, up 3% year-over-year. Its value surged 45% to a record US$132 billion, driven by strong investment demand. Gold-backed ETFs, bars, and coins saw the biggest gains amid geopolitical tensions and trade uncertainty. Central banks added 166 tonnes to reserves, though at a slower pace than in previous quarters.

On the supply side, total gold output also rose 3% to 1,249 tonnes, with mine production hitting a Q2 record of 909 tonnes.

gold demand supply — Source: Sources: Metals Focus, Refinitiv GFMS, World Gold Council

This environment supports Sierra Madre’s growth strategy. The company is using these high prices and Mexico’s low operating costs to boost production and deliver stronger returns to shareholders.

Driving Gold Growth at La Guitarra

The La Guitarra Mine Complex is Sierra Madre’s key asset. Located in Mexico’s historic Temascaltepec district, it currently produces 500 tonnes per day. The company plans to double that to 1,200 t/d to 1,500 t/d by late 2027.

In April 2025, Sierra Madre started underground mining at the high-grade Coloso vein within the La Guitarra property. This new zone should increase gold output and improve overall grades. At the same time, the company is upgrading its milling systems to raise recovery rates and lower costs.

Tepic Project: Expanding Mexico’s Gold and Silver Frontier

The Tepic Project adds exciting exploration upside. It sits in Mexico’s Sierra Madre Geologic Province and hosts low-sulfidation epithermal gold and silver mineralization. Multiple zones stretch over one kilometer long and 200 meters wide.

Once the flagship project of Cream Minerals, Tepic has a historic resource estimate outlined in a 2020 Technical Report. Past drilling covered 31,537 meters across 149 holes. However, with a 76% core recovery rate, grades may have been underestimated.

Recent exploration shows the Dos Hornos breccia veins remain open both along strike and at depth. This finding suggests strong potential for expanding resources in future drilling phases.

Core Drilling Highlights

Sierra Madre gold and silver — Source:https://sierramadregoldandsilver.com/presentations/corporate_presentation.pdf

Location and Infrastructure Benefits

Tepic is just 22 km from Tepic City, the capital of Nayarit, and 120 km from Puerto Vallarta Airport. The project has excellent access to roads, power, and local services. A skilled mining workforce and nearby fabrication shops make operations easier and more cost-efficient.

The project covers 2,612.5 hectares across five mining concessions and is 100% owned by Sierra Madre. Being in a mining-friendly region of Mexico gives the company a stable environment to advance this asset.

Strong Gold Production and Steady Revenue

Sierra Madre’s production results show steady progress and solid performance:

Q2 2025 gold sales: 1,096 ounces.
H1 2025 gold sales: 2,118 ounces; production totaled 2,049 ounces.
Average realized price: $3,271/oz in Q2 and $3,058/oz for H1.
Gold recovery: around 78% during the first half of 2025.

Gold revenues reached $3.59 million in Q2 2025, up from $2.89 million in Q1. For the first half of 2025, gold generated $6.48 million in total revenue. Cash costs per silver-equivalent ounce sold were $23.32, showing strong cost control.

As the Coloso mine continues to deliver higher-grade mineralization, Sierra Madre expects better margins and lower costs in the coming quarters.

Financing Growth and Exploration Plans

In mid-2025, Sierra Madre raised C$19.5 million (US$19.5 million) through a private placement. The funds are being used to:

Expand throughput at La Guitarra.
Launch a +20,000-meter exploration program across 59 km of structures mapped to date.
Target new high-grade zones in the East District.

This financing strengthens the company’s ability to expand production and extend mine life while continuing to explore new areas.

Moving on, Sierra Madre has also begun underground development at the Nazareno silver-gold mine in the La Guitarra complex, Estado de Mexico. The team has delivered over 700 tonnes of mineralized material, not included in the current resource estimate, to the Guitarra mill. Workers are blasting existing workings and advancing the sill drive to test long-hole mining feasibility in the closely spaced veins.

Reconciliation with the 2023 Nazareno resource model shows silver grades 40% higher and gold grades 30% higher than estimated, signaling strong potential to expand the resource.

Taking Advantage of Record Metal Prices

Gold is trading above $4,000 per ounce, giving Sierra Madre a strong tailwind. Its mix of gold and silver exposure provides a natural balance – gold supports financial stability, while silver adds growth potential.

Analysts also believe that Silver is expected to face a structural deficit for the seventh straight year, due to rising demand from the clean energy and technology sectors. This gives Sierra Madre’s dual-metal strategy even more value in the current market.

Two Metals, One Strong Strategy

Sierra Madre’s dual focus sets it apart. Gold anchors the company’s stability as a safe-haven asset, while silver brings growth potential through its industrial uses — from solar panels to electric vehicles.

With a combination of efficient operations, strong assets, and focused execution, Sierra Madre is redefining what a modern Mexican mining company looks like one that blends stability with growth potential.

FURTHER READING: Silver’s New Role in the Clean Energy Era – and What It Means for Sierra Madre Investors

DISCLAIMER

New Era Publishing Inc. and/or CarbonCredits.com (“We” or “Us”) are not securities dealers or brokers, investment advisers, or financial advisers, and you should not rely on the information herein as investment advice. Sierra Madre Gold and Silver Ltd. (“Company”) made a one-time payment of $25,000 to provide marketing services for a term of one month. None of the owners, members, directors, or employees of New Era Publishing Inc. and/or CarbonCredits.com currently hold, or have any beneficial ownership in, any shares, stocks, or options of the companies mentioned.

This article is informational only and is solely for use by prospective investors in determining whether to seek additional information. It does not constitute an offer to sell or a solicitation of an offer to buy any securities. Examples that we provide of share price increases pertaining to a particular issuer from one referenced date to another represent arbitrarily chosen time periods and are no indication whatsoever of future stock prices for that issuer and are of no predictive value.

Our stock profiles are intended to highlight certain companies for your further investigation; they are not stock recommendations or an offer or sale of the referenced securities. The securities issued by the companies we profile should be considered high-risk; if you do invest despite these warnings, you may lose your entire investment. Please do your own research before investing, including reviewing the companies’ SEDAR+ and SEC filings, press releases, and risk disclosures.

It is our policy that information contained in this profile was provided by the company, extracted from SEDAR+ and SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee them.

CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information generally can be identified by words such as “anticipate,” “expect,” “estimate,” “forecast,” “plan,” and similar expressions suggesting future outcomes or events. Forward-looking information is based on current expectations of management; however, it is subject to known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those anticipated.

These factors include, without limitation, statements relating to the Company’s exploration and development plans, the potential of its mineral projects, financing activities, regulatory approvals, market conditions, and future objectives. Forward-looking information involves numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking information. These risks and uncertainties include, among other things, market volatility, the state of financial markets for the Company’s securities, fluctuations in commodity prices, operational challenges, and changes in business plans.

Forward-looking information is based on several key expectations and assumptions, including, without limitation, that the Company will continue with its stated business objectives and will be able to raise additional capital as required. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, or intended.

There can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially. Accordingly, readers should not place undue reliance on forward-looking information. Additional information about risks and uncertainties is contained in the Company’s management’s discussion and analysis and annual information form for the year ended December 31, 2024, copies of which are available on SEDAR+ at www.sedarplus.ca.

The forward-looking information contained herein is expressly qualified in its entirety by this cautionary statement. Forward-looking information reflects management’s current beliefs and is based on information currently available to the Company. The forward-looking information is made as of the date of this news release, and the Company assumes no obligation to update or revise such information to reflect new events or circumstances except as may be required by applicable law.

For more information on the Company, investors should review the Company’s continuous disclosure filings available on SEDAR+ at www.sedarplus.ca.

Disclosure: Owners, members, directors, and employees of carboncredits.com have/may have stock or option positions in any of the companies mentioned: None.

Carboncredits.com receives compensation for this publication and has a business relationship with any company whose stock(s) is/are mentioned in this article.

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The post Gold’s Enduring Value: How Sierra Madre Is Advancing Mexico’s Next Generation of Gold Projects appeared first on Carbon Credits.

Carbon Footprint

How to improve Scope 3 data accuracy for CSRD

Published

14 hours ago

July 17, 2026

Alice Rush

For most businesses, the emissions that matter most sit outside their own walls. Scope 3 emissions, everything generated across your value chain, from the suppliers who make your inputs to the customers who use your products, typically make up the majority of a company’s total carbon footprint. Under the Corporate Sustainability Reporting Directive (CSRD), those value-chain emissions now have to be measured and disclosed with a rigour that spend-based estimates alone struggle to satisfy. This guide sets out how to improve Scope 3 data accuracy for CSRD: the calculation methods open to you, how to move from estimates to verified supplier data, and how to govern that data so it holds up to audit.

Carbon Footprint

How community stewardship makes carbon credits durable

Published

21 hours ago

July 17, 2026

Alice Rush

A carbon credit is a commitment that extends well into the future. The tonne of CO₂ compensated for today from a nature-based carbon project must remain out of the atmosphere for good, which means the forest behind the credit has to remain standing long after the transaction is complete. For any buyer, this raises a defining question: What ensures that the forest endures?

Carbon Footprint

Why Conventional Carbon Offsets Are Losing Boardroom Credibility

Published

3 days ago

July 15, 2026

Alice Rush

What replaced the cheap REDD credit on the boardroom slide deck, and why procurement is leading the rewrite.

Three years ago, a corporate slide showing a portfolio of cheap REDD+ credits could carry a board meeting. The number was big, the price was low, and the press release wrote itself. Today, that same slide gets sent back with questions. The questions are uncomfortable, the answers are unclear, and your general counsel is suddenly in the room.

Conventional carbon offsets are not dead. The voluntary carbon market retired 202 million tonnes in 2025, and the Morgan Stanley Institute for Sustainable Investing survey published in January 2026 confirmed that interest from corporate buyers remains substantial. What changed is the credibility threshold. The integrity floor has risen, the disclosure scrutiny has tightened, and the buyer profile has shifted. This article tracks what changed, what sophisticated buyers now ask before signing, and what serious corporates are putting on the board slide instead.

What boards used to buy, and why it stopped working

The 2020 to 2022 model was simple: buy a large tranche of avoidance credits at low single-digit prices, retire them against the company footprint, announce the carbon-neutral claim, and move on. Most of those credits came from REDD+ projects, renewable energy installations in countries where the renewable energy was already economic, or methane projects with thin documentation.

Several things broke that model. Academic research published in 2023, including a widely cited Science paper, found that the majority of REDD+ credits issued under the most common methodologies did not represent additional reductions when tested against rigorous counterfactuals. The Voluntary Carbon Markets Integrity Initiative published its Claims Code of Practice, which sets requirements for what companies can credibly claim from credit use. The European Union finalised its Green Claims Directive, restricting how companies can describe products as climate-neutral. France’s Décret 2022-539 already restricts carbon neutrality advertising. California’s AB 1305 imposes disclosure requirements on any company making net-zero or carbon-neutral claims while doing business in the state.

The collective effect: the cheap credit no longer buys the announcement, and the announcement now carries litigation risk.

The integrity reset: ICVCM, VCMI, and what changed

The Integrity Council for the Voluntary Carbon Market published the Core Carbon Principles in 2023 and began assessing methodologies against them in 2024. The first methodologies received the CCP label later that year. The point of the label is to give corporate buyers a defensible quality screen they can cite in disclosure.

The Voluntary Carbon Markets Integrity Initiative complements this on the demand side. Its Claims Code of Practice defines what a buyer can say (Silver, Gold, or Platinum claims, with associated requirements) based on the quality of credits used and the underlying decarbonisation strategy. Together, CCP and VCMI build a quality stack: CCP on the supply, VCMI on the claim, with the science-based target sitting underneath both.

The reset is not a ban on offsets. It is a ratchet. Credits that meet the new bar continue to clear; credits that do not, do not. The Morgan Stanley survey found that 61% of current buyers like the CCP label concept but that supply of labelled credits remains limited. That supply constraint is now visible in pricing.

What sophisticated buyers ask before they sign

The questions on the procurement scorecard have changed. A 2022 buyer might have asked about price, vintage, and project type. A 2026 buyer asks five different questions before any of those.

What does the counterfactual look like, and who validated it.
What is the permanence regime, and what is the buffer pool exposure.
What is the leakage risk, and how is it mitigated.
What rating has the project received from the independent ratings agencies (Sylvera, BeZero, Calyx Global), and what was the rationale.
What is the documentation discipline that survives an audit four years from now when the procurement team that signed the contract has moved on.

If the vendor cannot answer those five questions on a first call, the conversation ends. Conversely, if the vendor can answer them with documented specificity, the conversation often expands beyond a single transaction toward a multi-year engagement.

Where this leaves your near-term commitments

You probably have near-term commitments that pre-date the integrity reset. Public targets to be carbon neutral by 2025 or 2030. Product-level claims that ran in last year’s marketing. Disclosed reduction trajectories that assumed continued access to cheap credits.

You have three workable paths. The first is to re-baseline your strategy, replacing the most exposed credits with higher-quality alternatives and adjusting the public language to match what you can defend. The second is to shift the underlying spend from offsetting outside your value chain to investing inside your value chain, where reductions count against Scope 3 directly and the audit trail is cleaner. The third is to keep the strategy and absorb the risk, which is increasingly the most expensive option once you price in litigation, restatement, and reputational exposure.

Most serious buyers are choosing the second path. It moves the carbon spend from a compliance cost to a procurement and resilience investment, and it removes the central failure point of the legacy model: the disconnect between where the emissions occurred and where the reductions sat. Nature-based supply chain investments, structured under the GHG Protocol Land Sector and Removals Standard and aligned to the SBTi FLAG Guidance, are the asset class that fits this brief. They generate inventory-grade reductions, they produce audit-grade documentation, and they survive the new claim restrictions because the carbon math sits inside the value chain that the disclosure already covers.

If you are reassessing a carbon strategy under the new integrity bar, or rebuilding a board narrative that has to survive a more skeptical audience, the carbon and sustainability experts at Carbon Credit Capital can help. The Dual-Value Model gives you a defensible alternative to legacy offset purchases, with the documentation and operational integration that survives the procurement scorecard and the audit. Schedule a consultation.