On June 22, 2026, Sierra Madre Gold and Silver Ltd. (“Sierra Madre”) announced the closing of the acquisition of Del Toro from First Majestic Del Toro, S.A. de C.V., a wholly-owned subsidiary of First Majestic. Concurrent with the closing of the acquisition, Sierra Madre announced the closing of a brokered private placement financing for aggregate gross proceeds of C$57.5 million.