Sierra Metals Stock Price, News & Analysis

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 announced an annual general and special meeting scheduled for July 29, 2025, with a record date of June 23, 2025. The meeting will address both regular annual business and matters from a requisition delivered by Alpayana S.A.C. The Board of Directors decided to combine the annual and special meetings to avoid duplicate costs and efficiently address all matters. The Board will continue managing operations according to its fiduciary duties and remains open to discussing transition plans with Alpayana. Shareholders will receive detailed information about the meeting and voting procedures through a management information circular, but no immediate action is required.

Sierra Metals (SMTSF) reminds shareholders of the May 23, 2025 deadline to tender shares to Alpayana's all-cash offer of $1.15 per share. As of May 19, 2025, Alpayana has secured approximately 86.7% of Sierra's outstanding shares, representing 187,318,324 shares. Despite Sierra's attempts to negotiate, Alpayana has refused to confirm whether it will pursue a second-step transaction to acquire 100% of shares at the offer price. The company warns that shareholders who don't tender their shares by the deadline risk becoming minority shareholders with limited influence and potentially reduced stock liquidity, as Alpayana would maintain controlling interest in the company.

Sierra Metals (SMTSF) reported strong Q1 2025 financial results with significant year-over-year improvements. Revenue increased 36% to $86.1 million compared to Q1 2024, while Adjusted EBITDA surged 114% to $33.9 million. Operating cash flows before working capital changes reached $31.7 million, up 122% from Q1 2024. The company saw higher production across key metals, with copper production up 14% year-over-year. Cash and cash equivalents stood at $22.4 million as of March 31, 2025. The improved performance was driven by increased metal production at Yauricocha mine and higher metal prices. Net income attributable to shareholders reached $7.9 million, compared to a loss of $389,000 in Q1 2024.

Sierra Metals (SMTSF) has announced its Board's decision to make NO RECOMMENDATION regarding Alpayana's revised takeover offer of C$1.15 per share, increased from C$1.11. The revised offer represents a 49% premium to the December 13, 2024 closing price and a 35% increase from the original C$0.85 offer. While BMO's fairness opinion considers the offer fair, the Board highlights several concerns, including extensive conditionality and unsatisfiable conditions. The offer includes conditions regarding shareholder rights plans, compensation arrangements, and share issuances that Alpayana knows cannot be met. Despite these issues, the Board acknowledges the offer provides 100% cash consideration and immediate liquidity. The offer expires on May 12, 2025, unless extended.

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 (TSX: SMT | OTCQX: SMTSF | BVL: SMT) has announced its plans to release its Q4 2024 and fiscal year 2024 financial and operating results on March 26, 2025, after market hours. The company will host a conference call and webcast to discuss these results on March 27, 2025 at 11:00 am (Eastern). The presentation will be available in both English and Spanish versions, with toll-free access for Canada/US participants at 1-844-763-8274 and international dial-in at +1-647-484-8814.

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.