TSX:SMT - Post Discussion
Post by
geezer21 on Jul 01, 2021 2:08pm
Sierra To Exceed 2021 Guidance (edited)
From Sierra news release at begining of January:
- 2021 production guidance of between 130.0 - 141.0 million copper equivalent pounds vs. 2020 production of 118.2 million pounds
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- EBITDA guidance for 2021, at current consensus price estimates, is expected to be between $155 million to $170 million. EBITDA guidance at current spot prices is expected to be between $170 million to $185 million
Guidance was based on current spot prices at the begining of Juanuary when the news release was issued. However, a substantial weighted average price increase of 30% for the Cu, Ag, Zn, Pb, and Au mix of metals Sierra produces in the first half of 2021 over 2020 averages means Sierra will handily exceed even the top guidance estimate of $185 million EBITDA.
The share price indicates market participants have not done any homework on Sierra and are over looking it. This makes Sierra a steal prior to Q2 report coming out.
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