Articles from Sierra Metals Inc.

Sierra Metals Announces Majority of Shareholders Reject Proposed Take-over Bid from Alpayana as Inadequate
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) today announced that a majority of its shareholders have committed not to tender their shares in the event that Alpayana S.A.C. (“Alpayana”) formalizes its proposed unsolicited all-cash take-over bid to acquire all of the issued and outstanding common shares of Sierra Metals for C$0.85 per share.
By Sierra Metals Inc. · Via Business Wire · December 26, 2024
Sierra Metals Acknowledges Press Release from Alpayana Announcing its Intention to Commence an Unsolicited Takeover Bid
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) acknowledges the press release issued yesterday on behalf of Alpayana S.A.C. (“Alpayana”) announcing an intention to commence an unsolicited all-cash takeover bid to acquire all of the issued and outstanding common shares of Sierra Metals. Sierra Metals cautions shareholders that the announcement does not constitute an offer to acquire securities. Sierra Metals notes that there can be no assurance that any offer will ultimately be made, or on what conditions such an offer might be made.
By Sierra Metals Inc. · Via Business Wire · December 17, 2024
Sierra Metals Announces Special Meeting of Shareholders for Proposed Share Consolidation
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) announces that it will hold a special meeting of shareholders (the “Special Meeting”) on January 31, 2025. The Company has set a record date for the Special Meeting of December 30, 2024.
By Sierra Metals Inc. · Via Business Wire · December 12, 2024
Sierra Metals Announces 2025 Production and Cost Guidance
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to provide production and cost guidance for 2025 for its two underground mines in Latin America: the Yauricocha mine (“Yauricocha”) in Peru and the Bolivar mine (“Bolivar”) in Mexico.
By Sierra Metals Inc. · Via Business Wire · December 5, 2024
Sierra Metals Achieves Full Throughput Capacity at its Yauricocha Mine, Peru
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to report that its Yauricocha mine in Peru has reached a full capacity throughput rate of 3,600 tonnes per day (“tpd”) since the beginning of the fourth quarter. Mine development below the 1120 level was completed on time and on budget and will extend the mine life at Yauricocha.
By Sierra Metals Inc. · Via Business Wire · December 4, 2024
Sierra Metals Reports Third Quarter 2024 Consolidated Financial Results
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) reports consolidated financial results for the three-month (“Q3”) and nine-month (“9M”) periods ending September 30, 2024. The information provided below are excerpts from the Company’s Q3 2024 financial statements and Management’s Discussion and Analysis (“MD&A”), which are available on the Company's website (www.SierraMetals.com) and on SEDAR+ (www.sedarplus.ca) under the Company’s profile. Consolidated results include results from the Company’s Yauricocha Mine (“Yauricocha”) in Peru and the Bolivar Mine (“Bolivar”) in Mexico.
By Sierra Metals Inc. · Via Business Wire · November 7, 2024
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q3 2024 Financial Results
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the third quarter of 2024 ("Q3 2024").
By Sierra Metals Inc. · Via Business Wire · October 31, 2024
Sierra Metals Reports Third Quarter 2024 Production Results and Expects to Exceed 2024 Consolidated Production Guidance
Sierra Metals Inc. (TSX: SMT; OTC: SMTSF; BVL: SMT) (“Sierra Metals” or the “Company”) reports third quarter 2024 production results from its two underground mines in Latin America: the Yauricocha polymetallic mine (“Yauricocha”) in Peru and the Bolivar copper mine (“Bolivar”) in Mexico.
By Sierra Metals Inc. · Via Business Wire · October 15, 2024
Sierra Metals Reports Second Quarter 2024 Consolidated Financial Results
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF | BVL:SMT) (“Sierra Metals” or the “Company”) reports consolidated financial results for the three-month (“Q2”) and six- month (“H1”) periods ending June 30, 2024. The information provided below are excerpts from the Company’s Q2 2024 financial statements and Management’s Discussion and Analysis (“MD&A”), which are available on the Company's website (www.SierraMetals.com) and on SEDAR+ (www.sedarplus.ca) under the Company’s profile. Consolidated results include results from the Company’s Yauricocha Mine (“Yauricocha”) in Peru and the Bolivar Mine (“Bolivar”) in Mexico.
By Sierra Metals Inc. · Via Business Wire · August 9, 2024
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q2 2024 Financial Results
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF | BVL: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the second quarter of 2024 ("Q2 2024").
By Sierra Metals Inc. · Via Business Wire · August 1, 2024
Sierra Metals Completes the Sale of the Cusi Mine
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) is pleased to announce, further to the May 22, 2024 news release, the completion of the sale of the Cusi Mine and surrounding mineral concessions located in Mexico (collectively, the “Cusi Mine”) to Minera San Bernabé, S.A. de C.V., a subsidiary of Silverco Mining Corp. (“SMC”).
By Sierra Metals Inc. · Via Business Wire · July 19, 2024
Sierra Metals Reports Q2 2024 Production Results
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF | BVL: SMT) (“Sierra Metals” or the “Company”) reports second quarter 2024 production results from its two underground mines in Latin America: the Yauricocha polymetallic mine (“Yauricocha”) in Peru and the copper-producing Bolivar mine (“Bolivar”) in Mexico.
By Sierra Metals Inc. · Via Business Wire · July 12, 2024
Sierra Metals Commences Trading Activity on the Lima Stock Exchange
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF | BVL:SMT) (“Sierra Metals” or the “Company”) announces, as at June 28, 2024, the Company’s common shares will begin trading on the Bolsa de Valores de Lima (“BVL” or the “Lima Stock Exchange”) under the symbol of BVL:SMT.
By Sierra Metals Inc. · Via Business Wire · June 28, 2024
Sierra Metals Announces Appointment of Chairman and Detailed Voting Results of 2024 Annual General Meeting
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) ("Sierra Metals" or the "Company") is pleased to announce that, following its annual general meeting of shareholders held on Tuesday, June 25, 2024 (the "Meeting"), Miguel Aramburu has been appointed as Chair of the Board of Directors of the Company (the "Board"). Mr. Aramburu has 35 years of professional experience with 29 years related to the mining sector and joined the Board in June 2022. The Company also provides the detailed voting results from the Meeting.
By Sierra Metals Inc. · Via Business Wire · June 27, 2024
Sierra Metals Announces Filing of Technical Reports for Yauricocha Mine and Bolivar Mine
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has filed technical reports prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects in respect of its previously announced updated Mineral Resource and Reserve Estimates for each of the Yauricocha Mine in Peru and the Bolivar Mine in Mexico.
By Sierra Metals Inc. · Via Business Wire · June 20, 2024
Sierra Metals Announces Filing of Management Information Circular
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has filed its management information circular (the “Circular”) in connection with the Company's upcoming annual meeting of shareholders (the “Meeting”).
By Sierra Metals Inc. · Via Business Wire · June 6, 2024
Sierra Metals Announces Comprehensive New Financing as Part of its Balance Sheet Strengthening Initiatives
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to report the refinancing of its $75 million long-term debt facility and the entering into a new $95 million facility with new covenants, payment terms, and a 5-year term (the “New Facility”).
By Sierra Metals Inc. · Via Business Wire · June 4, 2024
Sierra Metals Inc. Enters Into a Binding Agreement With Silverco Mining Corp. to Sell Its Cusi Project in Mexico
Sierra Metals Inc. (TSX:SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that the Company has entered into a binding agreement (the "Agreement") with Silverco Mining Corp. ("SMC") in respect of the proposed purchase (the “Transaction”) by SMC of the mining concessions comprising the Cusi Mine located in Chihuahua State, Mexico (the “Cusi Mine”), and related assets including, among other things, land and land agreements, equipment and environmental permits (collectively with the Cusi Mine, the “Property”).
By Sierra Metals Inc. · Via Business Wire · May 22, 2024
Sierra Metals Reports First Quarter 2024 Consolidated Financial Results
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) (“Sierra Metals” or the “Company”) reports consolidated financial results for the three months ending March 31, 2024 (“Q1 2024”). The information provided below are excerpts from the Company’s Q1 2024 financial statements and Management’s Discussion and Analysis (“MD&A”), which are available on the Company's website (www.SierraMetals.com) and on SEDAR+ (www.sedarplus.ca) under the Company’s profile. Consolidated results include results from the Company’s Yauricocha Mine (“Yauricocha”) in Peru and the Bolivar Mine (“Bolivar”) in Mexico.
By Sierra Metals Inc. · Via Business Wire · May 13, 2024
Sierra Metals Announces an Updated NI 43-101 Mineral Reserve and Resource Estimates for its Yauricocha and Bolivar Mines
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce the updated results for its National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant Mineral Resource and Reserve Estimates (“MRE”) for its Yauricocha Mine in Peru and its Bolivar Mine in Mexico.
By Sierra Metals Inc. · Via Business Wire · May 7, 2024
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q1 2024 Financial Results
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the first quarter of 2024 ("Q1 2024").
By Sierra Metals Inc. · Via Business Wire · May 1, 2024
Sierra Metals Reports Q1 2024 Production Results, Including Record Quarterly Copper Equivalent Production at Bolivar
Sierra Metals Inc. (TSX:SMT | OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce first quarter 2024 production results from its two underground mines in Latin America: the Yauricocha polymetallic mine in Peru and the copper-producing Bolivar mine in Mexico.
By Sierra Metals Inc. · Via Business Wire · April 18, 2024
Sierra Metals Announces Intention to List on the Lima Stock Exchange
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) announces that the Company will commence a process to obtain a secondary listing of common shares on the Bolsa de Valores de Lima ("BVL" or the “Lima Stock Exchange”). The process is expected to take up to four months to complete.
By Sierra Metals Inc. · Via Business Wire · April 4, 2024
Sierra Metals Reports Strong Fourth Quarter & Full Year 2023 Consolidated Financial Results
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) reports financial results for the three months (“Q4”) and full year (“FY”) ending December 31, 2023.
By Sierra Metals Inc. · Via Business Wire · March 18, 2024
Sierra Metals Announces New Vice President, Health & Safety
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce the appointment of Mr. Astolfo Romero as Vice President, Health & Safety effective March 1, 2024 replacing Mr. Felix Guerra who is retiring after a very successful career in the mining industry.
By Sierra Metals Inc. · Via Business Wire · March 4, 2024
Sierra Metals Obtains Key Operating Permit for Yauricocha Mine in Peru
Sierra Metals Inc. (TSX:SMT; OTCQX:SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has received the required permit to develop and mine below the 1120 level at its Yauricocha Mine (“Yauricocha”) in Peru.
By Sierra Metals Inc. · Via Business Wire · February 21, 2024
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q4 2023 Financial Results
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the fourth quarter of 2023 ("Q4 2023").
By Sierra Metals Inc. · Via Business Wire · February 16, 2024
Sierra Metals Reports Q4 2023 Production, Meeting 2023 Guidance and Provides 2024 Production Guidance
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) reports fourth quarter and full year 2023 production results from its two underground mines in Latin America: The Yauricocha polymetallic mine in Peru and the copper-producing Bolivar mine in Mexico.
By Sierra Metals Inc. · Via Business Wire · February 1, 2024
Sierra Metals Provides Update on Level 1120 Permit at Its Yauricocha Mine in Peru
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) today provided an update on the status of its permit to operate below the 1120 level (“Level 1120”) at its Yauricocha Mine in Peru. The Level 1120 permit that is currently being assessed by the National Service for Environmental Certification for Sustainable Investments in Peru (“SENACE”) is in the final stages of the procedure and a resolution is expected by the end of Q1 2024. All other Peruvian agencies involved in the assessment have granted their positive opinion to operate below Level 1120.
By Sierra Metals Inc. · Via Business Wire · January 29, 2024
Sierra Metals 2023 Year in Review
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) ("Sierra Metals" or "the Company") is pleased to provide the following letter to shareholders.
By Sierra Metals Inc. · Via Business Wire · January 23, 2024
Sierra Metals Begins Trading on the OTCQX Best Market Under Symbol SMTSF
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) ("Sierra Metals" or "the Company") is pleased to announce that it begins trading today on the OTCQX Market in the United States under the symbol “SMTSF.”
By Sierra Metals Inc. · Via Business Wire · November 16, 2023
Sierra Metals Reports Third Quarter 2023 Operating and Financial Performance
Sierra Metals Inc. (TSX: SMT | OTC: SMTSF) ("Sierra Metals" or "the Company") reports financial results for the three-month (“Q3”) and nine-month (“9M”) period ended September 30, 2023 with total revenues of $57.0 million and Adjusted EBITDA(1) of $8.1 million on throughput of 622,622 tonnes and metal production of 18.5 million copper equivalent pounds in Q3 2023.
By Sierra Metals Inc. · Via Business Wire · November 13, 2023
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q3 2023 Financial Results
Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the third quarter of 2023 ("Q3 2023").
By Sierra Metals Inc. · Via Business Wire · November 1, 2023
Sierra Metals Reports Third Quarter 2023 Production Results
Sierra Metals Inc. (TSX: SMT; OTC: SMTSF) (“Sierra Metals” or the “Company”) reports third quarter 2023 production results from its Yauricocha polymetallic mine in Peru and the Bolivar copper mine in Mexico.
By Sierra Metals Inc. · Via Business Wire · October 19, 2023
Sierra Metals Closes $16.4 million Private Placement
Sierra Metals Inc. (TSX: SMT; OTC: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it has closed a non-brokered private placement (the “Private Placement”) to issue 43,107,360 common shares of the Company (“Common Shares”) at a price of $0.38 per common share for aggregate gross proceeds of $16,380,796.80, a portion of which has closed in escrow.
By Sierra Metals Inc. · Via Business Wire · October 13, 2023
Sierra Metals to Attend Upcoming Investor Conferences
Sierra Metals Inc. (TSX: SMT; OTC: SMTSF) (“Sierra Metals” or the “Company”) is pleased to announce that it will be attending the 2023 Precious Metals Summit in Beaver Creek, Colorado from September 12 to 15, 2023 and Gold Forum Americas 2023 in Colorado Springs, Colorado from September 17 to 20, 2023.
By Sierra Metals Inc. · Via Business Wire · September 7, 2023
Sierra Metals Reports Another Quarter of Increased Operating and Financial Performance
Sierra Metals Inc. (TSX: SMT | OTC: SMTSF) ("Sierra Metals" or "the Company") today reported financial results for the three-month (“Q2”) and six-month (“H1”) period ended June 30, 2023, showing total revenues of $62.7 million and adjusted EBITDA(1) of $13.5 million on throughput of 702,052 tonnes and metal production of 21.7 million copper equivalent pounds in Q2 2023.
By Sierra Metals Inc. · Via Business Wire · August 14, 2023
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q2 2023 Financial Results
Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the second quarter of 2023 ("Q2 2023").
By Sierra Metals Inc. · Via Business Wire · August 1, 2023
Sierra Metals Announces Results of Annual and Special Meeting of Shareholders
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) hereby announces the voting results from its annual and special meeting of shareholders held on Wednesday, June 28, 2023 (the “Meeting”).
By Sierra Metals Inc. · Via Business Wire · June 28, 2023
Glass Lewis Recommends Voting in Favour of Sierra Metals Management Nominees
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) today announces Glass Lewis’ recommendation that shareholders vote FOR all of management’s nominees at the Company’s upcoming annual and special meeting of shareholders scheduled for June 28, 2023 (the “Meeting”).
By Sierra Metals Inc. · Via Business Wire · June 14, 2023
Sierra Metals Announces Filing Date of Meeting Materials and Provides Additional Information on Refinancing
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announces that its meeting materials (“Meeting Materials”) for its June 28, 2023 annual and special meeting of shareholders (the “2023 Annual Meeting”) will be filed under its directory on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com on Wednesday, June 7, 2023. The Company is making this announcement in response to inquiries from shareholders with respect to when the Meeting Materials will be filed. The Company encourages all shareholders to review the Meeting Materials and contact the Company or its advisers if they have any questions.
By Sierra Metals Inc. · Via Business Wire · June 5, 2023
Sierra Metals Announces Appointments of CEO Ernesto Balarezo and CFO José Fernández-Baca
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announced today that it has appointed Ernesto Balarezo to Chief Executive Officer and José Fernández-Baca to Chief Financial Officer, both of whom had been previously serving on an interim basis.
By Sierra Metals Inc. · Via Business Wire · May 31, 2023
Sierra Metals Announces Completion of Refinancing Agreement With Major Lenders
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announces that, in connection with the press release dated March 13th 2023, it has finalized the definitive agreement (the “Agreement”) with Banco de Credito del Peru and Banco Santander S.A. (together, the “Lenders”) to refinance $18.75 million out of the $25.00 million principal debt repayment obligations that were originally due in 2023 under the Company’s senior secured credit facility. All figures in this news release are stated in U.S. dollars.
By Sierra Metals Inc. · Via Business Wire · May 30, 2023
Sierra Metals Responds to Most Recent Claims Made by Shareholder
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) today issues a statement in response to the news release issued by its shareholder Arias Resource Capital (“ARC”) and its principal, Alberto Arias on May 15, 2023 (the “ARC News Release”) and ARC’s circular dated May 11, 2023 (the “ARC Circular”). Once again, the Company believes it has an obligation to its shareholders to correct false or misleading statements made by ARC.
By Sierra Metals Inc. · Via Business Wire · May 18, 2023
Sierra Metals Reports Continued Improved Financial Results for the First Quarter Of 2023
Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") today reported financial results for the three-month period ended March 31, 2023, including revenue of $58.5 million and adjusted EBITDA(1) of $15.2 million on throughput of 577,284 tonnes and metal production of 18.0 million copper equivalent pounds.
By Sierra Metals Inc. · Via Business Wire · May 15, 2023
Sierra Metals Responds to Latest Misleading Statements by Shareholder
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) today issues a statement in response to recent communications materials issued by its shareholder Arias Resource Capital (“ARC”), including a news release ARC issued on May 9, 2023 (the “ARC News Release”). The Company acknowledges that it has also seen the circular issued by ARC on May 12, 2023 (the “ARC Circular”) and plans to consider the contents and respond in due course.
By Sierra Metals Inc. · Via Business Wire · May 12, 2023
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q1 2023 Financial Results
Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the Lima Stock Exchange (“BVL”) by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the first quarter of 2023 ("Q1 2023").
By Sierra Metals Inc. · Via Business Wire · May 3, 2023
Sierra Metals Comments on Proposal by Shareholder
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) today issues a statement in response to the news release issued by its shareholder Arias Resource Capital (“ARC”) on May 1, 2023 (the “ARC Proposal”).
By Sierra Metals Inc. · Via Business Wire · May 2, 2023
Sierra Metals Reports Strong Q1 2023 Production Results Driven by Bolivar
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) is pleased to announce first quarter 2023 production results from its three underground mines in Latin America: the Yauricocha polymetallic mine in Peru, the copper-producing Bolivar mine and the silver-producing Cusi mine in Mexico. All metals prices are reported in U.S. dollars.
By Sierra Metals Inc. · Via Business Wire · April 25, 2023
CORRECTING and REPLACING - Sierra Metals Announces Fourth Quarter & Year End 2022 Consolidated Financial Results
On March 29, 2023, Sierra Metals Inc. refiled its press release for the year ended December 31, 2022 to correct misaligned table figures in the 2023 Production Guidance table.
By Sierra Metals Inc. · Via Business Wire · March 29, 2023
Sierra Metals Announces Refinancing Agreement and Ongoing Discussions to Allow for Flexibility on Debt Repayment for 2023
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announced today that the Company, Banco de Credito del Peru and Banco Santander S.A. (together, the “Lenders”) are engaged in advanced discussions on terms to refinance $18,750,000 of the $25,000,000 principal debt repayment obligations that are due in 2023 under the Company’s senior secured credit facility. All figures in this news release are stated in U.S. dollars.
By Sierra Metals Inc. · Via Business Wire · March 13, 2023
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q4 and Full-year 2022 Financial Results
Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the fourth quarter and full-year 2022.
By Sierra Metals Inc. · Via Business Wire · February 16, 2023
Sierra Metals Reports Q4 and Full Year 2022 Production Results, Reflecting Improved Performance at Its Bolivar Mine
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) reports fourth quarter and full year 2022 production results. Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, the copper-producing Bolivar mine and the silver-producing Cusi mine in Mexico.
By Sierra Metals Inc. · Via Business Wire · January 26, 2023
Sierra Metals Announces Appointment of Interim CFO
Sierra Metals Inc. (TSX: SMT) (“Sierra Metals” or the “Company”) announced today the departure of Mr. Ed Guimaraes, the Chief Financial Officer (“CFO”) of the Company, and the appointment of Mr. José Fernández-Baca as Interim CFO.
By Sierra Metals Inc. · Via Business Wire · January 16, 2023
Sierra Metals to Complete Voluntary Delisting From BVL
Sierra Metals Inc. (TSX:SMT) (“Sierra Metals” or the “Company”) announces that on December 13, 2022, the Peruvian Stock Market Superintendent (SMV) issued Resolution Nº 087-2022-SMV/11.1. This confirms the removal of the Company’s securities from the Stock Market Public Registry and approves the voluntary delisting of its common shares from the Lima Stock Exchange (BVL), effective December 15, 2022.
By Sierra Metals Inc. · Via Business Wire · December 14, 2022
Sierra Metals Announces Appointment of Interim CEO
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (“Sierra Metals” or the “Company”) announced today the resignation of Mr. Luis Marchese as the Chief Executive Officer and a Director of the Company, and the appointment, effective immediately, of Mr. Ernesto Balarezo Valdez as Interim Chief Executive Officer to lead the Company during its current strategic review process. Mr. Balarezo will also join the Board of Directors of the Company.
By Sierra Metals Inc. · Via Business Wire · November 28, 2022
Sierra Metals Announces Follow Up Shareholder Conference Call to Be Held on Wednesday November 16th, 2022
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (“Sierra Metals” or the “Company”) will host a conference call on Wednesday November 16th, 2022, at 8:00am EST to provide attendees the opportunity to ask questions with respect to the Company’s financial results for Q3 2022. The Company held its Q3 2022 earnings call earlier today, but due to technical issues attendees were not able to ask questions. Details of the November 16th, 2022 conference call are as follows:
By Sierra Metals Inc. · Via Business Wire · November 15, 2022
CORRECTING and REPLACING Sierra Metals Reports Consolidated Financial Results for the Third Quarter of 2022
Footnote (3) following the first table of release dated November 14, 2022 should read: (3) The negative working capital is largely due to the reclassification of the long-term portion of the credit facility as current, resulting from the breach of certain debt covenants as at September 30, 2022. The Company is seeking accommodation from the lending banks in the form of waivers for this non-compliance. Also in the Impairment Charge section, the following sentence was added to the first paragraph: The LOMs are not a National Instrument 43-101 technical report, but management's best estimate of future expected cash flows.
By Sierra Metals Inc. · Via Business Wire · November 15, 2022
Sierra Metals Confirms Receipt of Further Correspondence From Compania Minera Kolpa and Arias Resource Capital Management
Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE American: SMTS) (“Sierra Metals” or the “Company”) confirms that it has received further correspondence from Compania Minera Kolpa S.A. (“Kolpa”) and Arias Resource Capital Management LP (“ARC”) regarding their previously announced unsolicited, non-binding letter of intent.
By Sierra Metals Inc. · Via Business Wire · November 14, 2022
Sierra Metals Retains CIBC Capital Markets as Financial Advisor
Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports that in connection with the previously announced strategic review process, the Company has retained CIBC Capital Markets as its financial advisor to review strategic options.
By Sierra Metals Inc. · Via Business Wire · November 3, 2022
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q3 2022 Financial Results
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the third quarter of 2022 ("Q3 2022").
By Sierra Metals Inc. · Via Business Wire · November 3, 2022
Sierra Metals Receives Non-binding Letter of Intent From Compania Minera Kolpa
Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) confirms that it received an unsolicited, non-binding letter of intent (the “LOI”) following the close of business on October 27, 2022 from Compañia Minera Kolpa S.A. (“Kolpa”), among others.
By Sierra Metals Inc. · Via Business Wire · October 31, 2022
Sierra Metals Reports Third Quarter 2022 Production Results and Announces Voluntary Delisting From NYSE American and BVL Exchanges
Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports third quarter 2022 production results and announces its decision to voluntarily delist its common shares from the New York Stock Exchange American (“NYSE”) and the Bolsa de Valores de Lima (“BVL”). Delisting is intended to reduce costs and simplify Sierra’s administrative and compliance structure associated with these listings. The Company’s common shares will continue to be listed and traded in Canadian dollars on the TSX.
By Sierra Metals Inc. · Via Business Wire · October 25, 2022
Sierra Metals Provides Financial and Operations Update and Announces Strategic Review Process
Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL or Bolsa de Valores de Lima: SMT) (“Sierra Metals” or the “Company”) announced today that a special committee comprised of its independent directors (the “Special Committee”) has initiated a process to evaluate and consider the Company’s current financial and liquidity position, operational challenges and possible financing and restructuring alternatives that may be available to the Company.
By Sierra Metals Inc. · Via Business Wire · October 18, 2022
Sierra Metals to Release Q3-2022 Consolidated Financial Results on Tuesday November 15th, 2022
Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL or Bolsa de Valores de Lima: SMT) (“Sierra Metals” or the “Company”) will release Q3-2022 consolidated financial results on Tuesday November 15th, 2022, after Market Close. Senior Management will also host a webcast and conference call on Wednesday November 16th, 2022, at 11:00 am EST. Details of the Conference Call and Webcast are as follows:
By Sierra Metals Inc. · Via Business Wire · October 14, 2022
Sierra Metals Announces a Measured and Progressive Restart to Operations at Its Yauricocha Mine
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports that an agreement has been reached with residents from the town of Alis following the blockade of the main access road to the Yauricocha Mine, operated by the Company’s subsidiary, Sociedad Minera Corona.
By Sierra Metals Inc. · Via Business Wire · September 28, 2022
Sierra Metals Provides Update on Its Yauricocha Mine in Peru
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports that a group of residents from the nearby town of Alis have illegally blocked the main access road to the Yauricocha Mine, operated by the Company’s subsidiary, Sociedad Minera Corona. Mine production continues to be suspended with activities limited to critical operations to ensure proper safety and maintenance.
By Sierra Metals Inc. · Via Business Wire · September 22, 2022
Sierra Metals Announces Incident at Yauricocha Mine in Peru
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) regrets to report that at approximately 4:00 PM Lima Time on Sunday September 11, 2022, there was a mudslide incident at its underground Yauricocha Mine, located in Peru.
By Sierra Metals Inc. · Via Business Wire · September 12, 2022
Sierra Metals Reports Q2 2022 Consolidated Financial Results and Provides Revised Production, EBITDA, Cost & Capital Expenditure Guidance For 2022
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today reported revenue of $49.9 million, a 13% decline from Q1 2022 and a 37% decline from Q2 2021, and adjusted EBITDA of $1.4 million, a 91% decrease from Q1 2022 and a 97% decrease from Q2 2021, on throughput of 640,181 tonnes and metal production of 17.8 million copper equivalent pounds for the three-month period ended June 30, 2022.
By Sierra Metals Inc. · Via Business Wire · August 11, 2022
Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q2 2022 Financial Results
Sierra Metals Inc. (TSX: SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the second quarter of 2022 ("Q2 2022").
By Sierra Metals Inc. · Via Business Wire · August 2, 2022
Sierra Metals Reports Second Quarter 2022 Production Results
Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces second quarter 2022 production results.
By Sierra Metals Inc. · Via Business Wire · July 27, 2022
Sierra Metals to Release Q2-2022 Consolidated Financial Results on Thursday August 11th, 2022
Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL or Bolsa de Valores de Lima: SMT) (“Sierra Metals” or the “Company”) will release Q2-2022 consolidated financial results on Thursday August 11th, 2022 after Market Close. Senior Management will also host a webcast and conference call on Friday August 12th, 2022 at 11:00 am EDT. Details of the Conference Call and Webcast are as follows:
By Sierra Metals Inc. · Via Business Wire · July 8, 2022
Sierra Metals Announces Appointment of New Chair & Addition to the Board
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to announce that Oscar Cabrera has been appointed as Chair of the Board of Directors of the Company (the “Board”). Mr. Cabrera joined the Board in October 2021 and replaces Mr. Jose Vizquerra as Chair.
By Sierra Metals Inc. · Via Business Wire · June 13, 2022
Sierra Metals Announces Results of Annual General Meeting of Shareholders & Directorate Change
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) hereby announces the voting results from the Company’s Annual General Meeting of Shareholders held on Friday, June 10, 2022 (the “AGM”).
By Sierra Metals Inc. · Via Business Wire · June 10, 2022
Sierra Metals Reports Consolidated Financial Results for the First Quarter Of 2022
Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) ("Sierra Metals" or "the Company") today reported revenue of $57.2 million and an adjusted EBITDA of $16.0 million on the throughput of 590,730 tonnes and metal production of 15.9 million copper equivalent pounds for the three-month period ended March 31, 2022.
By Sierra Metals Inc. · Via Business Wire · May 11, 2022