Sierra Madre and First Majestic Announce Closing of Acquisition of the Del Toro Silver Mine for up to US$60M
June 22, 2026
Sierra Madre Gold & Silver has completed its acquisition of the Del Toro Silver Mine in Zacatecas from First Majestic. The deal includes US$20 million cash, 10.87 million Sierra Madre shares at closing, plus up to US$30 million in future milestone payments tied to resource growth and mine restart targets. Sierra Madre plans 30,000 metres of drilling and aims to restart production, positioning itself as a potential mid-tier silver producer.
