Conference Call March 31, 2017 At 10:30 Am (edt) (All $ figures reported in USD) Adjusted EBITDA of $41.9 million in 2016 increased 30% from $32.3 million in 2015 Operating cash flows before movements in working capital of $44.3 million in 2016 increased 36% from $32.5 million in 2015 Revenue from metals payable of $143.2 million in 2016 increased by 7% from $134.1 million in 2015 Annual 2016 silver equivalent [...]
NEW RELEASE DATE SET FOR 2016 FINANCIAL RESULTS TORONTO, March 29, 2017 /CNW/ -Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") announces that Mark Brennan has tendered his resignation as President and Chief Executive Officer. Mr. Brennan will continue in his current role for a period of 30 days to facilitate the implementation of an orderly succession plan. Further details in this regard will be [...]
TORONTO, March 22, 2017 /CNW/ - Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") will release its 2016 fourth quarter and year-end consolidated financial results on Wednesday, March 29, 2017 before market open. Senior Management will also host a webcast and conference call on Friday, March 31, 2017 at 10:30am EDT. Details of the Conference Call and Webcast are as follows: Via Webcast: A live audio [...]
Drilling program continues to confirm high-grade silver-gold mineralization and substantial true widths at the "La Sidra" vein Drilling is currently active on the Bolivar West zone. A recent geophysical program utilizing Titan 24 techniques has targeted near-surface, coincident strong chargeability (IP) and resistivity anomalies in the Southwestern sector of the property near Bolivar West. Exploration programs targeted to [...]
New interpretation concept of Santa Rosa de Lima structure at Cusi Mine, based on exploration of the NW-SE regional structural system Many of the most important high-grade Silver deposits in Mexico are associated with NW-SE structural systems Drill campaign started in December 2016 to confirm theory has had remarkable consistency of good results Underground drift reached the structure confirming width/grades and is [...]
Sierra Metals is pleased to announce that shareholders have overwhelmingly voted at a special meeting of shareholders on February 16, 2017, to spin-out to existing shareholders its 100% owned Las Lomas Project, into a new public entity called Cautivo Mining by approving a reduction in the capital of the common shares of Sierra Metals for the capital assigned to Cautivo Mining. The final voting results were 99.94% voting [...]
Operational Improvements at the Yauricocha Mine continue to have very positive impact on financial results Q4 production second highest in Yauricocha 68 year history despite a 25-day scheduled shutdown in November which was completed in only 10 days for the installation of a new higher capacity hoist at its main production shaft TORONTO, Feb. 15, 2017 /CNW/ - Sierra Metals Inc. (TSX:SMT, BVL:SMT) ("Sierra Metals" or the [...]
TORONTO, Jan. 18, 2017 /CNW/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ("Sierra Metals" or "the Company") is pleased to report fourth quarter 2016 and full year 2016 production results as well as 2017 production and cost guidance. Production results featured the second highest level of annual and quarterly metal production in the Company's history. The Company was also pleased to report record annual consolidated [...]
Sierra Metals is pleased to announce that its wholly-owned subsidiary, Cautivo Mining, has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, other than Québec, for the purpose of qualifying the distribution by Sierra Metals to holders of Sierra's common shares of all of the issued and outstanding common shares in the capital of Cautivo as a [...]
Sierra Metals is pleased to announce that its wholly-owned subsidiary, Cautivo Mining, has filed a preliminary prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, other than Québec, for the purpose of qualifying the distribution by Sierra Metals to holders of Sierra's common shares of all of the issued and outstanding common shares ("Cautivo Shares") in the [...]
November production exceeds expectation during planned shut down for the installation of larger capacity hoist TORONTO, Dec. 5, 2016 /CNW/ - Sierra Metals Inc. (TSX: SMT) (BVL: SMT) ("Sierra Metals" or "the Company") is very pleased to report the production of 75,452 tonnes from the Chumpe Mill located at the Yauricocha Mine in Peru in spite of the Company's planned shut down for the installation of a larger capacity [...]
Underground drilling intersects several wide high-grade copper, lead, zinc and silver sulfide intercepts at the Cuye-Mascota area of the mine Second significant discovery at Yauricocha within twelve months near existing mining infrastructure Drill hole highlights include: Hole MAS-09: 4.90% Cu, 0.89% Zn, 0.37% Pb, 0.23 gpt Au, 226.45 gpt Ag over 18.2m Hole MAS-17: 0.46% Cu, 17.71% Zn, 4.13% Pb, 0.94 gpt Au, 125.16 gpt Ag [...]