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TORONTO — Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports that a group of residents from the nearby town of Alis have illegally blocked the main access road to the Yauricocha Mine, operated by the Company’s subsidiary, Sociedad Minera Corona. Mine production continues to be suspended with activities limited to critical operations to ensure proper safety and maintenance.
Sierra Metals remains committed to the social development of its host communities and is working towards a peaceful and expeditious resolution of the situation. Representatives from the Company have taken part in constructive dialogue with the members of the group, including requests organized by the Peruvian government. As a road blockade is a matter of public concern, the Company has involved the local authorities for their mediation and assistance in resolving this matter. LOL