Welcome to our dedicated page for Sierra Metals news (Ticker: SMTSF), a resource for investors and traders seeking the latest updates and insights on Sierra Metals stock.
The news feed for Sierra Metals Inc. (SMTSF) covers company announcements, operating updates and corporate transactions for this Canadian mining company. Sierra Metals focuses on copper production with additional base and precious metals by-product credits from its Yauricocha Mine in Peru and Bolivar Mine in Mexico, and its news often reflects developments at these assets.
Investors and analysts following SMTSF can use this page to review updates on consolidated operating and financial results, including periodic discussions of ore throughput, metal production and non-IFRS performance measures such as adjusted EBITDA and all-in sustaining costs, as disclosed by the company. Releases also describe the performance and filings of its majority-owned Peruvian subsidiary, Sociedad Minera Corona S.A., which holds the Yauricocha Mine.
A significant portion of recent news has focused on the take-over process involving Alpayana S.A.C. and Alpayana Canada Ltd. Items include the launch and subsequent increases of Alpayana’s all-cash offer, the formation and work of Sierra Metals’ special committee, the board’s evolving recommendations, and the eventual agreement in principle for a supported bid. Later announcements detail shareholder meetings, voting results, and approval of an amalgamation that will result in Sierra Metals becoming a wholly owned subsidiary of Alpayana.
Readers can expect coverage of topics such as quarterly financial results, subsidiary financial filings in Peru, shareholder meeting notices, responses to bid-related communications, and key milestones in the acquisition and amalgamation process. This page is useful for anyone researching how Sierra Metals has communicated about its operations, exploration outlook around Yauricocha and Bolivar, and the transition from a publicly traded issuer to a company controlled by Alpayana.
Sierra Metals (OTCQX: SMTSF) announced the results of its 2025 Annual General and Special Meeting, where shareholders overwhelmingly approved the second-step acquisition by Alpayana. The meeting saw a 95.03% participation rate, representing 205,398,131 Common Shares.
Key approvals include the amalgamation transaction with 99.95% shareholder support, which will result in Sierra Metals becoming a wholly-owned subsidiary of Alpayana. Shareholders will receive C$1.15 per share in cash consideration. The transaction is expected to complete around August 1, 2025, with delisting from Toronto Stock Exchange anticipated around August 6, 2025.
Additionally, shareholders elected Fernando Arrieta, José Cúneo, and Dustin Perry as directors, and appointed KPMG LLP as the new auditor following PwC's resignation.
Sierra Metals (OTCQX: SMTSF), a Canadian mining company, announced that its Peruvian subsidiary Sociedad Minera Corona has filed its unaudited Q2 2025 Financial Statements and MD&A at the Lima Stock Exchange. Sierra Metals holds an 81.84% interest in Corona.
The company primarily focuses on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. Sierra Metals emphasizes its commitment to safe production volume increases and mineral resource growth, highlighting recent key discoveries and brownfield exploration opportunities near existing mines in both countries.
Sierra Metals (OTCQX: SMTSF) has responded to allegations made by Alpayana regarding change of control payments in their hostile takeover situation. Alpayana initially launched an unsolicited bid at CAD $0.85 per share in December 2024, which was later increased to CAD $1.11 and finally to CAD $1.15 in May 2025.
The company defends its position on management compensation, stating that the change of control entitlements were fully disclosed in January 2025 and during due diligence in April 2025. Sierra Metals criticizes Alpayana's hostile approach, which has extended the acquisition process to over seven months, compared to the typical three-month timeline for negotiated transactions in Canada.
Sierra Metals alleges that Alpayana demanded unilateral amendments to employment agreements to remove contractual entitlements, leading the Board to implement separation agreements to protect employee rights and ensure business continuity during the transition period.
Sierra Metals (SMTSF) has received an amended takeover bid from Alpayana S.A.C., which increased its offer price from C$1.11 to C$1.15 per common share. The revised bid extends the expiry time to May 12, 2025. Sierra's board of directors is currently reviewing the Notice of Variation and plans to provide recommendations to shareholders in the coming days. The board notes that the takeover bid remains subject to numerous conditions that are at Alpayana's sole discretion, without materiality thresholds or reasonableness standards.
Sierra Metals has announced that its Peruvian subsidiary, Sociedad Minera Corona, has filed its unaudited Financial Statements and Management's Discussion and Analysis (MD&A) for Q1 2025 at the Lima Stock Exchange (BVL). Sierra Metals holds an 81.84% interest in Corona.
The company operates as a Canadian mining enterprise with a primary focus on copper production, along with additional base and precious metals by-product credits at two main locations:
- Yauricocha Mine in Peru
- Bolivar Mine in Mexico
Sierra Metals aims to safely increase production volume and expand mineral resources. The company reports several new key discoveries and maintains multiple brownfield exploration opportunities near existing mines in both Peru and Mexico. Their extensive land packages at each mine site offer prospective regional targets for long-term exploration potential and mineral resource growth.
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