Core Insights - Sierra Madre Gold and Silver Ltd. reported revenues of $5.4 million and a gross profit of $1.3 million for Q2 2025, marking growth compared to Q1 2025 despite production challenges due to seasonal rains [1][2] - The company successfully closed a C$19.5 million private placement to enhance operational capabilities and fund future projects [1][2] Financial Performance - Net revenues for Q2 2025 increased by 10.7% to $5.36 million, with silver revenues totaling $2.18 million and gold revenues totaling $3.59 million [3] - The company sold 173,562 silver equivalent ounces in Q2 2025, compared to 165,093 ounces in Q1 2025 [3] - Cost of sales was $4.07 million for Q2 2025, resulting in an all-in sustaining cost of $30.10 per AgEq ounce sold [3] Operational Highlights - The company milled 41,235 tonnes of material in Q2 2025, with silver recoveries averaging 76.62% and gold recoveries averaging 77.95% [7] - Production for Q2 2025 included 66,011 ounces of silver and 1,048 ounces of gold, down from 70,176 ounces of silver and 1,001 ounces of gold in Q1 2025 [7] - The Coloso mining center is expected to ramp up production as development work continues, with anticipated improvements in head grades [5][7] Future Outlook - The company expects improved head grades and increased production in the second half of 2025, driven by ongoing development and de-watering efforts [5] - Plans for a plant expansion are underway to increase processing capacity beyond the current 500 tonnes per day [2][5]