Vancouver, British Columbia--(Newsfile Corp. - January 30, 2026) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce it has closed the second and final tranche (the "Second Tranche") of its previously announced brokered private placement of subscription receipts (the "Subscription Receipts") at a price of $1.30 per Subscription Receipt (the "Issue Price"). In connection with the Second Tranche, the Company issued 13,709,576 Subscription Receipts for aggre ...

Amendment increases borrowing base and lender commitments while extending maturity date DENVER, Jan. 30, 2026 /PRNewswire/ -- SM Energy Company ("SM Energy" or the "Company") (NYSE: SM) announced today the Fourth Amendment to its existing credit agreement that includes: Borrowing Base Increase: The borrowing base increased to $5.0 billion.  Lender Commitments Increase: Lender commitments increased to $2.5 billion. Expanded Bank Group: The Company's bank group now includes 18 banks with the addition of thr ...

SM Energy President and Chief Executive Officer Beth McDonald commented: "Today's close marks the start of our work together as one SM, a top 10 U.S. independent oil-focused producer, with a larger, complementary footprint across the highestreturn U.S. shale basins—including a premier Permian position. We are focused on effectively integrating the two companies to unlock additional free cash flow by achieving our previously announced annual synergy target of $200 to $300 million and executing our previously ...

Index Changes - S&P Dow Jones Indices will implement changes to the S&P MidCap 400 and S&P SmallCap 600 indices effective January 30 and February 2, 2026 [1][3] - TTM Technologies (TTMI) will be added to the S&P MidCap 400, replacing Civitas Resources (CIVI), which is being acquired by SM Energy [1][3] - Amneal Pharmaceuticals (AMRX) will be added to the S&P SmallCap 600, replacing TTM Technologies [1][3] - Dutch Bros (BROS), Advanced Energy Industries (AEIS), and American Healthcare REIT (AHR) will be added to the S&P MidCap 400 on February 2, 2026, with Comerica (CMA), Cadence Bank (CADE), and PotlatchDeltic (PCH) being removed [1][3] - Apellis Pharmaceuticals (APLS) and LegalZoom.com (LZ) will be added to the S&P SmallCap 600, replacing Advanced Energy Industries and Elme Communities (ELME), respectively [1][3] Acquisition Details - SM Energy is acquiring Civitas Resources, and the deal is expected to close soon, with SM Energy remaining in the S&P SmallCap 600 post-merger [3] - Rayonier is acquiring PotlatchDeltic, and will remain in the S&P MidCap 400 after the merger [3] - Fifth Third Bancorp is acquiring Comerica, which will also remain in the S&P MidCap 400 post-acquisition [3] - Huntington Bancshares is acquiring Cadence Bank, with Cadence being removed from the S&P MidCap 400 [3] - Elme Communities is undergoing liquidation activities, making it no longer suitable for the S&P SmallCap 600 [3]

DENVER, Jan. 27, 2026 /PRNewswire/ -- SM Energy Company (NYSE: SM) ("SM Energy") and Civitas Resources, Inc. ("Civitas") (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies' previously announced all-stock merger. The merger is expected to close on January 30, 2026, subject to satisfaction of other customary closing conditions. The combined company will trade as SM Energy.  At the special meeting of SM Energy stockho ...

SM Energy Company (NYSE:SM) is one of the 10 Cheap Stocks with Huge Upside Potential. Tim Rezvan of KeyBanc reaffirmed his Buy rating on SM Energy Company (NYSE:SM) stock, along with the price target of $28, on January 17. Earlier in the same week, on January 13, RBC Capital analyst Scott Hanold lowered his price target on the stock from $35 to $29. However, the analyst kept his Hold rating on the shares. The analyst explained in a research note that the firm updated its estimates after completing its fina ...

Core Viewpoint - Sierra Madre Gold and Silver Ltd. has successfully closed the first tranche of its brokered private placement offering, raising gross proceeds of approximately $39.68 million through the issuance of 30,521,724 subscription receipts at a price of $1.30 each [1][2]. Group 1: Offering Details - The offering is linked to the proposed acquisition of the Del Toro Silver Mine in Mexico from First Majestic Silver Corp. [2] - Each subscription receipt will convert into one common share upon meeting specific escrow release conditions, including necessary approvals [3]. - The gross proceeds from the first tranche, after deducting agents' fees, amount to approximately $38.57 million, which will be held in escrow until the release conditions are satisfied [4]. Group 2: Financial Implications - The company plans to use the net proceeds from the offering for the completion of the acquisition, exploration and development of Del Toro, and general working capital [5]. - The agents received a cash commission of approximately $2.03 million, with half of this amount placed into escrow [6]. Group 3: Regulatory and Compliance - The securities issued are subject to a four-month hold period and require final approval from the TSX Venture Exchange [7]. - A total of 219,250 subscription receipts were subscribed by certain directors and officers, amounting to gross proceeds of $285,025, which is classified as a related party transaction [8]. Group 4: Company Overview - Sierra Madre Gold and Silver Ltd. focuses on precious metals development and exploration, particularly in the Guitarra mine and Tepic property in Mexico [10]. - The Guitarra mine has a processing facility that resumed commercial production in January 2025 [10]. - The Tepic Project hosts low-sulphidation epithermal gold and silver mineralization with an existing historic resource [11].

Core Viewpoint - The proposed sale of Civitas Resources, Inc. to SM Energy Company is under investigation to assess whether the transaction adequately values Civitas and the process leading to this valuation [1]. Group 1: Transaction Details - Civitas shareholders will receive 1.45 shares of SM Energy common stock for each share of Civitas owned [1]. Group 2: Legal Investigation - Kahn Swick & Foti, LLC is investigating the proposed sale to determine if the consideration is adequate or if it undervalues Civitas [1]. - The law firm is inviting shareholders who believe the transaction undervalues the company to discuss their legal rights [2].

Company Performance - SM Energy closed at $19.13, reflecting a 2.3% increase from the previous trading session, outperforming the S&P 500's gain of 0.19% [1] - Over the past month, SM Energy shares have decreased by 7.61%, underperforming the Oils-Energy sector's loss of 1.05% and the S&P 500's gain of 0.54% [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of $0.89, which represents a 53.4% decline compared to the same quarter last year [2] - Revenue is anticipated to be $792.61 million, indicating a 6.99% decrease from the same quarter of the previous year [2] Full Year Projections - For the full year, earnings are projected at $5.42 per share, reflecting a decrease of 20.29% from the prior year, while revenue is expected to remain flat at $3.28 billion [3] Analyst Estimates - Recent changes to analyst estimates for SM Energy are important, as upward revisions indicate positive sentiment regarding the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which assesses these estimate changes, currently rates SM Energy as 3 (Hold) [6] Valuation Metrics - SM Energy is trading at a Forward P/E ratio of 5.73, which is below the industry average of 10.57, indicating a discount compared to its peers [7] - The Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, has a Zacks Industry Rank of 180, placing it in the bottom 27% of over 250 industries [7]

Core Viewpoint - SM Energy Company (NYSE:SM) is identified as a low-priced stock with significant upside potential, particularly following KeyBanc's revised price target of $28 from $36 while maintaining an Overweight rating due to increased confidence in the Civitas Resources Inc. merger [1]. Financial Performance - In Q3 2025, SM Energy reported a net income of $155.1 million, equating to $1.35 per diluted common share, surpassing analyst estimates of $1.30 per share [3]. - Total revenue for the quarter reached $846 million, aligning with market expectations [3]. - Total net daily production increased by 26% year-over-year, with oil production surging by 47%, highlighting the effectiveness of the company's acquisition and development strategies [3]. Strategic Insights - KeyBanc's confidence in SM Energy is based on three main pillars: robust free cash flow generation, a rapid deleveraging schedule, and a disciplined debt management plan [2]. - The merger with Civitas Resources, initially met with skepticism, has been validated through financial analysis and management discussions, reinforcing its strategic value [2]. Company Overview - SM Energy is an independent energy company focused on acquiring, exploring, developing, and producing oil, gas, and natural gas liquids primarily in Texas [4].