Sierra Metals Inc.

Sierra Metals Inc. today reported financial results for the three-month and six-month period ended June 30, 2023, showing total revenues of $62.7 million and adjusted EBITDA of $13.5 million on throughput of 702,052 tonnes and metal production of 21.7 million copper equivalent pounds in Q2 2023. Ernesto Balarezo Valdez, CEO of Sierra Metals, commented, "The second quarter of 2023 delivered strong operating and financial [...]

Sierra Metals Inc. announces the filing at the Lima Stock Exchange by its subsidiary, Sociedad Minera Corona S.A. of its unaudited Financial Statements and the Management's Discussion and Analysis for the second quarter of 2023 . The Company holds an 81.8% interest in Corona. The unaudited Financial Statements and MD&A can be viewed at: SMV -- Superintendencia del Mercado de Valores -- Información Financiera To search for [...]

Sierra Metals Inc. announces second quarter 2023 production results from its three underground mines in Latin America: Yauricocha, a polymetallic mine in Peru and Bolivar a copper mine and Cusi a silver mine each in Mexico. Consolidated Q2 2023 results will be released before market-open on Monday, August 14th followed with management hosting a conference call and webcast the same day at 11:00 AM EDT. Ernesto Balarezo [...]

Sierra Metals Inc. provides an update today on its previously announced independent special committee process. Special Committee Process In October 2022, a committee of the Company's independent directors initiated a process to explore, review and consider options to optimize the operations of the Company as well as financing, restructuring and strategic options in the best interests of the Company . The Special Committee [...]

Sierra Metals Inc. hereby announces the voting results from its annual and special meeting of shareholders held on Wednesday, June 28, 2023 . A total of 126,949,634 common shares were represented at the Meeting, being 77.13% of the Company's issued and outstanding shares. Shareholders voted in favour of each of the matters put to them at the Meeting, being the re-appointment of PricewaterhouseCoopers LLP as auditors for [...]

Sierra Metals Inc. 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 . Glass Lewis emphasized its "substantial concerns" with Arias Resource Capital's "general candor" and corporate governance track record, stating that: "[ARC] generally suggests the reintroduction of ARC nominees [...]

Concerned about Arias Resources Capital's history of governance failures and value destruction at Sierra Metals Inc. Believes that Arias Resources Capital's director nominees are being proposed to advance its selfish interests in relation to Sierra Metals Inc. and not in the best interests of Sierra Metals Inc. or its shareholders. Cranley Investment Holdings, LLC, the holder of 9,414,249 common shares of [...]

Sierra Metals Inc. announces that its meeting materials for its June 28, 2023 annual and special meeting of shareholders will be filed under its directory on the System for Electronic Document Analysis and Retrieval 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 [...]

Sierra Metals Inc. 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. "The Sierra Metals Board of Directors is very pleased to secure Mr. Balarezo and Mr. Fernández-Baca as CEO and CFO of the Company," said Oscar Cabrera, Chair of Sierra Metals' Board of Directors. "Both accepted [...]

Sierra Metals Inc. announces that, in connection with the press release dated March 13th 2023, it has finalized the definitive agreement with Banco de Credito del Peru and Banco Santander S.A. 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 [...]