Sierra Madre Gold and Silver Ltd. (SM:TSX.V; SMDRF:OTCQX) received a non-revolving, secured term loan of US$5 million from First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE), according to a Beacon Securities research note.
On November 7, analyst Bereket Berhe of Beacon Securities iniated coverage on Sierra Madre Gold and Silver Ltd., which he believes is undervalued.