SIERRA MADRE GOLD & SILVER Business Summary

Sierra Madre Gold & Silver Ltd. is a precious metals producer and developer focused on the reactivation and expansion of high-grade silver and gold assets in Mexico. The company generates revenue through the extraction and processing of mineralized material into silver and gold concentrates, having achieved commercial production at its flagship La Guitarra Mine in January 2025. Its business model is segmented into active production at La Guitarra—currently undergoing a Phase 1 expansion to reach 800 tonnes per day (tpd) by Q2 2026—strategic acquisition and development, notably the late-2025 acquisition of the 3,000 tpd Del Toro Silver Mine, and advanced exploration at the Tepic and La Tigra projects. Within the Mexican silver landscape, Sierra Madre competes with mid-tier producers such as First Majestic Silver, Endeavour Silver, and Guanajuato Silver. It positions itself as a high-leverage consolidator of past-producing brownfield assets, a strategy that earned it a spot on the 2026 TSX Venture 50 list of top-performing issuers. The leadership team is anchored by President and CEO Alexander Langer, who brings nearly two decades of capital markets experience and a track record of successful corporate exits, including the multi-billion dollar sale of Millennial Lithium. Executive Chairman and COO Gregory Liller provides the operational backbone with over 40 years of experience, having previously led the discovery and development of major Mexican mines for Gammon Gold and Nayarit Gold. The executive suite is further supported by VP of Exploration Gregory Smith and CFO Kenneth Scott, while the board features industry veterans such as lead independent director Jorge Ramiro Monroy. A defining element of the company’s institutional pedigree is its strategic relationship with First Majestic Silver Corp., which serves as a major shareholder and creditor, providing both technical validation and financial support for Sierra Madre’s aggressive expansion across Mexico’s prolific silver districts.