Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Sierra Metals Inc T.SMT

Alternate Symbol(s):  SMTSF

Sierra Metals Inc. is a Canada-based diversified mining company. The Company is focused on Green Metal exposure, including copper, zinc and lead production with precious metals in Peru and Mexico. It owns and operates three mines in commercial production: the Yauricocha Mine in Peru, the Bolivar and Cusi mines in Mexico. The Yauricocha, is an underground mine located in western central Peru in the Yauyos province, 12 kilometers (km) west of the Continental Divide. Yauricocha Mine covers an area of 18,778 hectares (ha) that straddle a 20 km strike length of the prolific Yauricocha fault. The Bolivar Mine consists of approximately 12 mining concessions and is a contiguous portion of approximately 15,217 ha Bolivar property land package within the municipality of Urique, in the Piedras Verdes mining district of Chihuahua State, Mexico. The Cusi Mine is located in Chihuahua State, Mexico, approximately 135 km from Chihuahua City that encompasses 73 concessions covering 11,665 ha.


TSX:SMT - Post by User

Post by petersburggrayon Oct 25, 2022 4:46pm
1018 Views
Post# 35047981

Path forward

Path forwardSo company hiring restructuring experts to advise on path forward. Board and mgmt dont need higly compensated folk advice to figure this out. Here is plan. 1. Shut all offices on canada. Fire everybody. Move all sg&a funtions to lima, peru. 2. Stop bleeding in mexico. Sell both mexican mines or just give both mines away. Neither mexican mine ever turned a profit so even just walking away benefit company. 3. Peru mine only profitable mine. Focus on that. Any new mine operations need to be in peru so company dont have to pay minority shareholders cash dividend to support mexican opns as has been case historically.
<< Previous
Bullboard Posts
Next >>