Sierra Madre’s Q2 Net Income Slips to US$37,226 on Ramp Up Costs and Weaker Recoveries

Sierra Madre Gold & Silver (TSXV: SM) turned US$8.23 million in revenue in the second quarter, down from the US$10.1 million it posted three months earlier as fewer ounces went out the door despite higher metal prices. Gross profit fell harder, dropping to US$1.58 million from US$3.61 million. The company attributed the compression to development […] The post Sierra Madre’s Q2 Net Income Slips to…