SMTS - SMTS STOCK NEWS

Sierra Metals has announced an updated Preliminary Economic Assessment (PEA) for its Bolivar Mine in Mexico, now including iron ore concentrate production. The after-tax Net Present Value (NPV) has increased from US$283 million to US$361 million, reflecting an NPV of US$78.2 million and an internal rate of return (IRR) of 69.0% for increased production capacity. The net after-tax cash flow is projected at US$650 million, with operating costs at US$25.62/tonne. The mine is expected to have a life of 14 years and increase production to 10,000 TPD by 2024.

Sierra Metals reported Q2 2021 revenue of $79.4 million and adjusted EBITDA of $37.7 million, with throughput of 787,534 tonnes and 24.8 million copper equivalent pounds produced. Notably, silver, lead, zinc, and gold output rose by 35%, 22%, 54%, and 23% respectively compared to Q2 2020. Despite challenges from COVID-19, the company has revised its production, cost, and EBITDA outlook for the year, now expecting copper equivalent production to range between 110 to 115 million pounds. The company intends to continue investing in growth, supported by a robust balance sheet.

Sierra Metals (SMTS) has filed unaudited financial statements and management discussion for Q2 2021, showing significant improvements: Revenues surged 117% to $50.8 million, Adjusted EBITDA rose 231% to $25.9 million, and net income soared to $12.6 million. Copper equivalent production increased by 7%, while zinc equivalent production jumped 29%. The company held $72.5 million in cash as of June 30, 2021. Despite operational challenges from COVID-19, the company is expanding throughput capacity at the Yauricocha mine.

Sierra Metals Inc. (TSX:SMT, NYSE AMERICAN:SMTS) reported its Q2 2021 production results, reflecting operational challenges due to COVID-19. Key highlights include:

• Copper production: 9.5 million pounds (-2% YoY)
• Silver production: 1.0 million ounces (+67% YoY)
• Zinc production: 21.1 million pounds (+54% YoY)
• Lead production: 8.0 million pounds (+24% YoY)
• Gold production: 2,812 ounces (+2% YoY)

The company increased throughput by 62% at Yauricocha and 25% at Bolivar compared to Q2 2020. However, it warned of possible revisions to production guidance for the remainder of the year.

Sierra Metals (TSX: SMT; NYSE American: SMTS) announced the resignation of directors J. Alberto Arias and Ricardo Arrarte following majority withhold votes at the annual shareholders' meeting on June 10, 2021. Chairman Jose Vizquerra acknowledged their service. The company focuses on mining precious and base metals from its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico, and aims to increase production and mineral resources. Recent discoveries and promising regional targets support long-term growth potential.

Sierra Metals Inc. (SMTS) has updated its strategic review process initially announced in January 2021. The Board and Management are evaluating strategic alternatives, with an expected update during the Q2 Consolidated Financial Results call on August 10, 2021. The company, operating mines in Peru and Mexico, aims to maximize shareholder value by exploring operational enhancements and new opportunities. Recent discoveries at its Yauricocha, Bolivar, and Cusi mines offer potential for increased production and mineral resource growth.

Sierra Metals (TSX: SMT; NYSE: SMTS) will unveil its Q2-2021 financial results on August 9, 2021, post-market close. A conference call and webcast will take place the following day, August 10, at 10:30 AM EDT, where senior management will discuss financial details and future outlook. The company, focused on precious and base metals production from its mines in Peru and Mexico, aims to boost production and mineral resource growth. Investors can access the webcast through the company's website for insights into operational developments.

Sierra Metals has received the Informe Técnico Minero (ITM) Permit from the Peruvian Ministry of Energy and Mines. This permit enables the construction and operation at the Yauricocha Mine with a capacity increase to 3,600 tonnes per day (TPD), marking a 20% increase in throughput. CEO Luis Marchese expressed optimism about achieving annual production targets and ongoing Prefeasibility Studies aimed at further increasing capacity to 5,500 TPD in 2024. The company's focus remains on organic growth and enhanced operational efficiencies.

Sierra Metals held its Annual General Meeting on June 10, 2021, with 133,132,611 common shares voted, representing 81.46% of outstanding shares. Shareholders approved all items including the re-appointment of PricewaterhouseCoopers LLP as auditors and the election of directors. Notably, J. Alberto Arias received more votes withheld (67,479,751) than votes for (58,459,843). The Company emphasizes its focus on increasing production at its mines in Peru and Mexico, alongside its growth in mineral resources.