Sierra Madre Gold and Silver reported full capacity operations for the year ending December 31, 2024, with commercial production achieved on January 1, 2025. The company recorded net revenue of $6.5 million. Sierra Madre expects mine operating costs to decrease as mining and processing operations reach commercial production expectations. The company also announced the commencement of underground mining at the Coloso mine, located within the producing Guitarra Complex. We remain positive on the company and the share price.