La Guitarra
Project information
Type:
Royalty
Type:
Royalty
Aggregation level:
Asset
Aggregation level:
Asset
Status:
Operating
Status:
Operating
Report standard:
Ni 43 101
Report standard:
Ni 43 101
Ownership %:
100
Ownership %:
100
Operator:
No
Operator:
No
Operator name:
Sierra Madre Gold & Silver Ltd.
Operator name:
Sierra Madre Gold & Silver Ltd.
Country:
Mexico
Country:
Mexico
Region:
Mexico State
Region:
Mexico State
Interest conditions:
2.0% NSR Royalty; Subject to a 1.0% buyback for US$2 million.
Description
Metalla 2.0% NSR royalty over the La Guitarra fully-permitted underground silver-gold operation in Mexico State, Mexico, operated by Sierra Madre. Acquired from First Majestic Silver in 2023. Commercial production began in January 2025 after a ramp-up in 2024, with steady ore processing at 500 tpd. Sierra Madre plans to double capacity to 1,000 tpd by 2027.
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Reserves & resources — detail
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