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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 BrokeStockeron Oct 26, 2023 8:25am
278 Views
Post# 35701706

What is happening?

What is happening?It's pretty clear no one is buying (literally) their turnaround efforts so far. Over six months stuck between $0.35 and $0.40 on very little volume. They've made some limited progress stabilizing production, but they've also substantially diluted shareholders to get there. I'm giving management the benefit of the doubt for now, but if they can't get this above $1 by next AGM I definitely won't be supporting them in the next election. Let's go!
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