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SIERRA METALS INC ORD - $SMTSF STOCK NEWS

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Sierra Metals' subsidiary, Sociedad Minera Corona, has reported its Q1 2024 financial results, showing an 81.8% interest in the company. Sierra Metals will release its consolidated financial results on May 10, 2024, focusing on copper production in Peru and Mexico, with a goal of increasing production volume and mineral resources.

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Sierra Metals reports strong Q1 2024 production results with record quarterly copper equivalent production at Bolivar mine. Consolidated copper production increased by 36% compared to Q1 2023, reaffirming annual guidance targets for all metals. Bolivar mine achieved another record quarter of metal production, while Yauricocha mine is progressing as planned towards full capacity by Q4 2024. Financial results to be released on May 13, 2024.
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Sierra Metals Inc. strengthens its market position in base metals through strategic operations in Peru and Mexico, with a focus on copper. With a 75-year legacy at the Eureka mine, the company emphasizes sustainable growth and environmental responsibility. Sierra Metals actively seeks expansion opportunities, leveraging positive cash flow and mineral discoveries to drive innovation and solidify its role in the mining industry.
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Sierra Metals Inc. announces plans to obtain a secondary listing on the Bolsa de Valores de Lima, expecting increased investor exposure and market liquidity.
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Sierra Metals Inc. reports strong financial results for Q4 2023 and FY 2023, showcasing significant revenue growth and improved EBITDA. The company's revenue increased by 58% in Q4 2023 compared to the previous year, reaching $60.6 million. Adjusted EBITDA also saw a substantial improvement, standing at $12.2 million in Q4 2023. For the full year 2023, Sierra Metals reported revenue of $229.5 million, a 39% increase from 2022, with Adjusted EBITDA of $50.3 million, marking a five-fold increase. Copper equivalent production showed significant growth as well, with 76.7 million pounds produced in 2023, a 37% increase from the previous year.
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Sierra Metals Inc. appoints Astolfo Romero as Vice President, Health & Safety, replacing retiring Felix Guerra. Romero brings over 30 years of experience in oil & gas and mining sectors, with a strong focus on health and safety standards. CEO Ernesto Balarezo praises Guerra's contributions to Sierra's safety culture.
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Sierra Metals appoints Astolfo Romero as Vice President of Health & Safety, replacing Felix Guerra. Romero brings over 30 years of experience in oil & gas and mining sectors, aiming to enhance safety standards.
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Sierra Metals Inc. has received a permit to operate below the 1120 Level at its Yauricocha Mine in Peru. This permit is expected to increase throughput by approximately 40%, reduce costs, extend mine life, and support the company's overall growth strategy.
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Sierra Metals Inc. reschedules its Q4 2023 Conference Call and Webcast, with its subsidiary Corona filing unaudited Financial Statements and MD&A at the Lima Stock Exchange. Sierra Metals will release its Q4 2023 consolidated financial results on March 18, 2024.
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Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) reports a 37% increase in 2023 copper equivalent production over 2022 and meets 2023 production guidance. The Company expects 2024 to be a year of stable operations while positioning its core mines for long term growth.
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SIERRA METALS INC ORD

OTC:SMTSF

SMTSF Rankings

SMTSF Stock Data

128.82M
163.21M
2.2%
23.78%
0.1%
Gold Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Toronto

About SMTSF

sierra metals inc. is a premier latin american precious and base metals producer. the company owns and operates three mines in commercial production: the yauricocha mine in peru, the bolivar and cusi mines in mexico. in the spring of 2011, sierra metals expanded operations into peru with the acquisition of 82% of sociedad minera corona s.a. (“corona”) . corona’s main asset is the yauricocha mine in the yauyos province in western central peru. this purchase dramatically transformed the production profile of sierra metals and propelled the company from a junior exploration and development company to a mid-tier precious and base metals producer. this rapid expansion in peru was followed by the completion of the piedras verdes mill in mexico and the announcement of commercial production at the bolivar mine. located 6 km from the bolivar mine, the piedras verdes mill had originally a throughput capacity of 1,000 tpd and after the 2013 expansion, the capacity now stands at 2,000 tpd. in janu