TORONTO, April 6, 2017 /CNW/ - Sierra Metals Inc.
(TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") is pleased to announce the appointment of Igor
Gonzales as President and Chief Executive Officer, effective May 1, 2017. Mr. Gonzales
has served on the Sierra Metals Board of Directors since September 2013.
Mr. Gonzales, born in Peru, has over 30 years of experience with major mining companies with
world-class mineral assets. Mr. Gonzales worked in Minas Buenaventura as Vice President of Operations from November 2014 to April 2017, worked for Barrick Gold Corporation from 1998 to
2013, first as Vice President and General Manager of Pierina Mine in Peru, then President of
Barrick South America, and most recently as Chief Operating Officer for Barrick Gold
Corporation. Mr Gonzales also worked for Southern Peru Copper Corporation in Peru. Mr.
Gonzales has a Bachelor of Science degree in Chemical Engineering from the University of San Antonio Abad in Cusco, Peru, and was a Fulbright Scholar at the New Mexico Institute of Mining and
Technology, where he earned a Master of Science degree in Extractive Metallurgy.
Mr. Gonzales is a Director for Sierra Metals, Minas Buenaventura and Hudbay Minerals.
Mr. J. Alberto Arias, Chairman, commented: "We are delighted to have Igor join us as President
and CEO of Sierra Metals. Igor has been a Director of the Company for several years, during which time he has gained a deep
understanding of Sierra Metals' assets' and potential and contributed to the on-going success of Sierra Metals. We are excited to
welcome a professional with Igor's extensive knowledge and managerial expertise to the executive team. We are confident in
his abilities to further improve the value of the Company."
Mr. Gonzales commented: "I'm honored that the Board has given me the opportunity to lead Sierra Metals during this exciting
time in its history. I am very much looking forward to working with the team and continuing the efforts to enhance the
Company's various operations, as well as shareholder value".
About Sierra Metals
Sierra Metals Inc. is Canadian based growing polymetallic mining company with production from its Yauricocha Mine in
Peru, and its Bolivar and Cusi Mines in Mexico. The company recently completed a very successful operational improvements program at it Yauricocha
mine and is now focused on completing a similar program at its Mexican operations to increase production volume, recoveries and
modernize operations. Sierra Metals continues to grow its mineral resources with several exciting brownfield opportunities such
as the Esperanza Zone at the Yauricocha Mine which went from first discovery to mining in less than one year. The Company has
several other brownfield exploration opportunities at all three Mines in Peru and Mexico within or very close to the existing mines which its actively exploring and hopes to daylight in the
short-term. The company has large land packages at all three Mines with several regional highly prospective targets providing
longer term exploration upside and mineral resource growth potential.
The Company's shares trade on the Lima Stock Exchange (Bolsa de Valores de Lima) and on the
Toronto Stock Exchange under the symbol "SMT".
Forward-Looking Statements
Except for statements of historical fact contained herein, the information in this press release may constitute
"forward-looking information" within the meaning of Canadian securities law. Statements containing forward-looking information
express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations or beliefs as
to future events or results. These statements reflect the Company's current views with respect to future events and are
necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently
subject to significant business, economic, competitive, political and social uncertainties and contingencies. Actual results
might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the
forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking
statements unless required by securities laws applicable to the Company. Additional information identifying risks and
uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at
www.sedar.com.
Continue to watch our progress at:
Web: www.sierrametals.com
Twitter: sierrametals
Facebook: SierraMetalsInc
LinkedIn: Sierra Metals Inc.
SOURCE Sierra Metals Inc.
To view the original version on PR Newswire, visit: http://www.newswire.ca/en/releases/archive/April2017/06/c4897.html