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Sierra Metals Inc T.SMT

Alternate Symbol(s):  SMTSF

Metals & Mining Industrial Metals & Minerals
Sierra Metals Inc. is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. Yauricocha is an underground mine located in the western central Peru in the Yauyos province, approximately 12 kilometers (km) west of the Continental Divide. The Yauricocha property covers 18,778 hectares that straddle a 20 km strike length over the prolific Yauricocha fault, a major ore controlling structure in this part of western central Peru. The Bolivar Mine is a contiguous portion of the 15,217-hectare Bolivar Property land package within the municipality of Urique, in the Piedras Verdes mining district of Chihuahua State, Mexico. The Piedras Verdes Plant, which is located six km from the Bolivar Mine. The Company has large land packages at each of its mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.


TSX:SMT - Post by User

Sierra Metals Inc
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Post by upickmon Aug 15, 2016 9:08am
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Post# 25141525

BRIEF-Sierra Metals Q2 revenue from metals payable of

BRIEF-Sierra Metals Q2 revenue from metals payable of
 $36.9 mln decreased by 20% from $45.9 mln in Q2 2015
2016-08-15 07:46:00 AM ET (Reuters)
   
   

Aug 15 (Reuters) - Sierra Metals Inc :

* Q2 revenue C$36.9 million

* Sierra metals reports consolidated results for the second quarter 2016

* Revenue from metals payable of $36.9 million in Q2 2016 decreased by 20% from $45.9 million in Q2 2015

* Sierra Metals Inc qtrly silver equivalent production of 3.0 million ounces compared to 3.2 million ounces

* Sierra Metals Inc qtrly copper equivalent production of 19.7 million pounds compared to 21.6 million pounds in Q2 2015's record quarter

* Adjusted EBITDA of $5.3 million for Q2 2016 decreased compared to $18.2 million in Q2 2015 Source text for Eikon: Further company coverage:

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