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Sierra Metals Inc T.SMT

Alternate Symbol(s):  SMTSF

Sierra Metals Inc. is a Canada-based diversified mining company. The Company is focused on Green Metal exposure, including copper, zinc and lead production with precious metals in Peru and Mexico. It owns and operates three mines in commercial production: the Yauricocha Mine in Peru, the Bolivar and Cusi mines in Mexico. The Yauricocha, is an underground mine located in western central Peru in the Yauyos province, 12 kilometers (km) west of the Continental Divide. Yauricocha Mine covers an area of 18,778 hectares (ha) that straddle a 20 km strike length of the prolific Yauricocha fault. The Bolivar Mine consists of approximately 12 mining concessions and is a contiguous portion of approximately 15,217 ha Bolivar property land package within the municipality of Urique, in the Piedras Verdes mining district of Chihuahua State, Mexico. The Cusi Mine is located in Chihuahua State, Mexico, approximately 135 km from Chihuahua City that encompasses 73 concessions covering 11,665 ha.


TSX:SMT - Post by User

Comment by Robthetrader17on Jun 29, 2020 8:43pm
133 Views
Post# 31205730

RE:RE:RE:RE:RE:RE:Robinhood investors have globbed onto SMT and

RE:RE:RE:RE:RE:RE:Robinhood investors have globbed onto SMT andyou gotta remember that some investors are worried about second wave / possible market crash.
so what are they doing? some are pulling out and putting their money into  Gold, silver etc etc.
You can see that silver and copper are slowly moving up which helps Sierra Metals since they are a heavy copper / silver miner with some gold and zinc to help.
Also, volume picked up today since this is a very undervalued for its current price.

2019 SP was 1.38 - 2.60
2020 SP climbed up to 3.60 then died down to 2.50 now back down to 1.50.
2020 interviews says that they are finally company is profitable
2020 they want to reward shareholders with their 30 million free cash that they have and start with 15 million in Q2.
They are also looking at possible M&A in the future.

If I missed anything please add in as I feel this company will move up this year.


Good luck!



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