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Sierra Metals Inc T.SMT

Alternate Symbol(s):  SMTSF

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

Post by MetalsInvestor1on Jan 22, 2021 12:45pm
173 Views
Post# 32360189

2020 Production Results

2020 Production Results Sierra Metals has increased the production of copper by 11%, silver by 3%, gold by 18%, zinc by 1%, and lead by 7% in 2020.  This steady increase in production and reserves has made Sierra Metals a big player in each of its jurisdictions.  EBITDA guidance is expected to be 170-185 million!  As well the company is seeking to maximize shareholder value.  They are in the process of exploring and evaluating strategic opportunities. The company engaged CIBC to assist the board of directors in its review of strategic alternatives.  The opportunities can include being partially or fully sold all together.  The sale of specific assets, a merger with another business. Going to be an exciting year for Sierra Metals, as they are actively trying to boost shareholder value. 
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