Vancouver, British Columbia--(Newsfile Corp. - July 21, 2025) - Sierra Madre Gold and Silver Ltd. (TSXV: SM) ("Sierra Madre" or the "Company") is pleased to announce an upsize to its previously announced "best efforts" private placement. Under the amended terms, the Company will issue up to 27,858,000 units of the Company (each a "Unit") at a price of $0.70 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $19,500,600 (the "Offering").Eric Sprott, through 2176423 Ontario Ltd ...

Group 1 - SM Energy Company plans to release its second quarter 2025 financial and operating results after market hours on July 31, 2025 [1] - The release will include an earnings report, a pre-recorded webcast, and an associated presentation, all available on the Company's website [1] - A Q&A session with SM Energy management is scheduled for August 1, 2025, at 8:00 a.m. Mountain time/10:00 a.m. Eastern time [2] Group 2 - SM Energy is an independent energy company focused on the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Texas and Utah [2] - Important information about SM Energy is routinely posted on its website [2] - Investor contact information includes Pat Lytle, with a provided email and phone number for inquiries [3]

Core Insights - SM Energy is an independent exploration and production firm focused on the Permian Basin, Uinta Basin, and South Texas region, owning approximately 111,000 net acres in the Midland Basin and 63,300 net acres in the Uinta Basin, along with 155,000 net acres in South Texas [1] Financial Performance - SM Energy reported first-quarter 2025 revenues of $844.5 million and net income of $182.3 million, showing significant improvement from the prior-year quarter, driven by increased daily oil production and operational efficiency [3] - The company aims for a 30% increase in oil production and a 20% increase in total production for 2025, which is expected to enhance financial performance [4] Asset Integration - Successful integration of Uinta Basin assets contributed to a 63% increase in daily oil production compared to the first quarter of 2024, with drilling and completion efficiency exceeding expectations [5] - The Uinta Basin wells are expected to contribute to a higher oil mix, particularly in the second half of 2025, driving sustained growth [5] Financial Strategy - SM Energy is strategically using free cash flows to reduce its debt burden, aiming for a leverage ratio of about 1, which will strengthen its balance sheet [6] - The company can generate free cash flows even at a flat $55 per barrel oil price, supporting capital expenditures and prioritizing debt reduction [7] Market Position - Despite strong financial performance, SM Energy's stock has underperformed compared to the broader Zacks Exploration and Production industry, with shares falling 36.9% over the past year [8] - The company faces vulnerability to commodity price volatility, with potential adjustments needed if oil prices fall below $55 per barrel [11] Dividend Considerations - SM Energy's current dividend yield lags behind industry peers, as the company prioritizes debt reduction over aggressive shareholder return measures [12]

Company Performance - SM Energy's stock closed at $25.34, reflecting a -2.28% change from the previous day's closing price, underperforming the S&P 500's daily loss of 0.79% [1] - Prior to the recent trading session, SM Energy shares had gained 4.05%, which lagged behind the Oils-Energy sector's gain of 6.03% and the S&P 500's gain of 5.22% [1] Earnings Expectations - Analysts expect SM Energy to report earnings of $1.22 per share, indicating a year-over-year decline of 34.05% [2] - The Zacks Consensus Estimate for revenue is projected at $781.71 million, representing a 23.19% increase from the previous year [2] Full-Year Estimates - For the full year, Zacks Consensus Estimates predict earnings of $5.85 per share and revenue of $3.28 billion, reflecting year-over-year changes of -13.97% and +21.91%, respectively [3] - Recent changes to analyst estimates for SM Energy may indicate shifting business dynamics, with positive revisions suggesting analyst optimism [3] Valuation Metrics - SM Energy is currently trading at a Forward P/E ratio of 4.44, significantly lower than the industry average Forward P/E of 10.83, suggesting it is trading at a discount [6] - The Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, ranks in the bottom 39% of all industries according to the Zacks Industry Rank [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong track record, with 1 rated stocks delivering an average annual return of +25% since 1988 [5] - SM Energy currently holds a Zacks Rank of 3 (Hold), with a 3.18% increase in the Zacks Consensus EPS estimate over the last 30 days [5]

Group 1 - SM Energy Company will participate in the TD Cowen 23rd Annual Calgary Energy, Power & Utilities Conference on July 8, 2025, with CEO Herb Vogel engaging in a panel discussion and one-on-one meetings with investors [1] - The conference will not be webcast, indicating a more personal engagement approach with investors [1] Group 2 - SM Energy is an independent energy company focused on the acquisition, exploration, development, and production of crude oil, natural gas, and NGLs in Texas and Utah [3] - The company regularly updates important information on its website, providing transparency and accessibility to stakeholders [3]

Summary of Conference Call Company Overview - The company has focused on identifying, owning, and developing high return assets while maintaining a leadership position in sustainability and stewardship [1][2] - The company operates primarily in the Lower 48 states and emphasizes operational execution and capital efficiency [2] Key Highlights Operational Performance - The company has a strong track record in geoscience and engineering, which has allowed it to identify and exploit overlooked opportunities in various basins [2][3] - In Howard County, the number of horizontal wells increased from 79 to over 4,900 in less than a decade, demonstrating significant growth and attractive economics [4] - The Austin Chalk play in Webb and Dimmit Counties saw breakeven prices drop from $80 per barrel to $44, showcasing the impact of technology and improved understanding of the geology [5][6] Uinta Basin Development - The Uinta Basin is viewed as the next significant opportunity, with extensive data from over 8,500 vertical wells aiding in derisking [7][8] - The company has about 200 horizontal wells in the lower cube of the Uinta Basin, with competitive margins similar to the Permian Basin [9] - The integration of operations in the Uinta Basin has led to improved capital efficiency and record pumping times [17][18] Technology and Optimization - The company employs advanced technology and data analysis to optimize well designs, resulting in better performance compared to peers [10][12] - Cumulative oil production per 10,000 feet of lateral was reported to be 32% better in Howard County and 42% better in the Austin Chalk compared to peer-operated wells [13] Financial Strategy - The company aims to maximize free cash flow while managing capital allocation across different basins [24][30] - Hedging strategies have been enhanced, with over 40% of oil hedged for the next year to mitigate risks associated with commodity price volatility [26][29] - The company plans to focus on debt repayment before resuming stock buybacks, with a target of achieving a 1x leverage ratio [22][50] Industry Context - The company is navigating a challenging macroeconomic environment with lower oil prices and economic uncertainty, but maintains its operational budget [23][24] - There is a measured approach to capital allocation, with potential shifts towards gas-focused plays if market conditions improve [30][32] Additional Insights - The company has seen slight cost deflation in specific service areas, but labor costs remain unchanged [55] - The use of simul frac technology is being maximized where feasible, particularly in the Uinta Basin [58][59] - The company has a strong ESG score, ranking number one among oil-focused operators [21] Conclusion - The company is well-positioned to capitalize on its operational strengths and technological advancements while navigating the current market challenges. The focus on capital efficiency, debt reduction, and strategic hedging will be crucial for future growth and shareholder value creation.

Group 1: Stock Performance - SM Energy's stock closed at $27.55, reflecting a -1.36% change from the previous day's closing price, which was less than the S&P 500's daily loss of 0.03% [1] - Over the past month, SM Energy shares gained 17.7%, outperforming the Oils-Energy sector's gain of 5.57% and the S&P 500's gain of 0.6% [1] Group 2: Earnings Projections - SM Energy is projected to report earnings of $1.24 per share, indicating a year-over-year decline of 32.97% [2] - The consensus estimate for revenue is $777.04 million, reflecting a 22.46% increase from the same quarter last year [2] Group 3: Fiscal Year Estimates - For the entire fiscal year, earnings are estimated at $5.67 per share, representing a -16.62% change from the previous year, while revenue is projected at $3.24 billion, indicating a +20.58% change [3] Group 4: Analyst Sentiment - Recent changes to analyst estimates for SM Energy are important, as positive revisions indicate optimism regarding the business and profitability [3][4] - The Zacks Rank system, which incorporates estimate changes, currently ranks SM Energy at 5 (Strong Sell) [5] Group 5: Valuation Metrics - SM Energy has a Forward P/E ratio of 4.93, which is a discount compared to its industry's Forward P/E of 12.04 [6] - The Oil and Gas - Exploration and Production - United States industry is ranked 182 in the Zacks Industry Rank, placing it in the bottom 27% of over 250 industries [6]

SM Energy Company Conference Call Summary Company Overview - **Company**: SM Energy Company (SM) - **Date of Conference**: June 04, 2025 - **Key Speaker**: Wade Purcell, CFO Industry Insights - **Focus**: Oil and Gas Industry, specifically in the Permian Basin, South Texas, and Uinta Basin - **Historical Context**: SM Energy has been operational since 1908, emphasizing its long-standing presence in the industry [7][10] Core Points and Arguments 1. **Asset Portfolio**: - SM Energy operates three top-tier assets: Midland Basin, South Texas, and Uinta Basin [12][13] - The Uinta Basin was added after the last conference and is seen as a significant opportunity due to its multiple intervals and high oil content [17][21] 2. **Operational Efficiency**: - The company has improved drilling and completion times, resulting in cost reductions of 10% in the Midland Basin and 19% in South Texas [12] - The technical team has been crucial in identifying and developing these assets, particularly in the Midland Basin and Uinta Basin [14][17] 3. **Financial Health**: - SM Energy maintains a strong balance sheet with a leverage ratio of 1.3 times, aiming to reduce it to 1.0 times through debt repayment [22][23] - The company has a $3 billion borrowing base with $2 billion in commitments, indicating strong liquidity [23] 4. **Production Strategy**: - Production is expected to grow from Q1 to Q3 of 2025, with a slight decline in Q4 due to a reduction in rig count from nine to six [36][61] - The company aims for a stable production trajectory moving into 2026, focusing on free cash flow generation rather than just oil output [64] 5. **Market Conditions**: - The company is not overly concerned about marketing constraints in the Permian Basin and has hedged its basis to mitigate risks [46][48] - SM Energy is confident in its ability to transport 15% to 20% of its production to local refineries, exceeding expectations in Q1 [48][49] 6. **M&A Opportunities**: - The company is actively looking for both small leasehold additions and larger acquisitions, maintaining strict criteria for any potential deals [55][56] - Current market conditions have created uncertainty in the M&A landscape, but SM Energy continues to evaluate opportunities [57][58] Additional Important Insights - **Technical Innovations**: The company is exploring new operational efficiencies and innovations to enhance productivity, although quantifiable results are expected later [39][40] - **Environmental Commitment**: SM Energy remains committed to ESG initiatives, including gas and methane capture, as part of its operational ethos [70] - **Regulatory Environment**: The current pro-fossil fuel administration has not significantly impacted SM Energy's operations, which are primarily on non-federal acreage [68] This summary encapsulates the key points discussed during the SM Energy conference call, highlighting the company's strategic focus, operational efficiencies, financial health, and market positioning within the oil and gas industry.

NYSE: SM SM-Energy.com This presentation contains forward-looking statements within the meaning of securities laws. The words "believes," "demonstrate," "estimate," "expect," "intends," "plan," "preliminary," "target," and similar expressions are intended to identify forward-looking statements. Forward-looking statements in this release include, among other things: certain projections for the full year and second quarter 2025 regarding the Company's 2025 strategic objectives including operational execution, ...

Core Viewpoint - SM Energy Company is actively engaging with investors through a series of upcoming conferences, showcasing its commitment to transparency and investor relations [1][4]. Company Overview - SM Energy Company is an independent energy firm focused on the acquisition, exploration, development, and production of crude oil, natural gas, and natural gas liquids (NGLs) primarily in Texas and Utah [3]. Upcoming Investor Conferences - June 2, 2025: President and CEO Herb Vogel will meet with investors in a virtual one-on-one setting, which will not be webcast [4]. - June 3, 2025: CFO Wade Pursell will host a breakout session at 9:20 a.m. Mountain time and will also engage in one-on-one meetings with investors. An investor presentation will be posted on the company's website [4]. - June 4, 2025: CFO Wade Pursell will host a breakout session at 8:40 a.m. Mountain time, with one-on-one meetings and a webcast available for replay [4]. - June 24, 2025: CEO Herb Vogel will present at 12:55 p.m. Mountain time, with one-on-one meetings and a webcast available for replay [4].