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Sierra Metals has released its unaudited financial statements for Q1 2021, reporting revenues of US$41.9 million, a 24% increase from Q1 2020, and an adjusted EBITDA of US$16.2 million, up 65% year-over-year. Despite 21% and 9% declines in copper and zinc equivalent pounds produced, respectively, revenues rose driven by higher metal prices. Challenges included increased cash costs and ore grade declines related to operational issues. As of March 31, the company had US$68.0 million in cash and a strong balance sheet, while anticipating a 20% increase in throughput from the forthcoming ITM permit.

Sierra Metals (TSX: SMT, NYSE AMERICAN: SMTS) has announced a $28 million investment in a magnetite processing plant at its Bolivar Mine in Mexico. The project includes an initial $5.2 million for procurement and contracts, with production expected to reach 500,000 tonnes per year of 62% iron ore fines concentrate. This initiative aims to enhance revenue, reduce future closure costs, and decrease tailings. Construction is set to begin in June and last six months, with an updated Preliminary Economic Assessment expected within 45 days.

Sierra Metals Inc. reported a 4.5% increase in consolidated ore throughput for Q1 2021, despite ongoing operational challenges linked to COVID-19. Silver production rose by 1% to 1.0 million ounces, while copper production fell 33% to 7.9 million pounds due to a shift to lower-grade areas. The Yauricocha Mine set a record throughput of 3,728 tpd, contributing to the overall positive results. However, production declines for copper and gold of 28% and 21% respectively highlight operational challenges. The company maintains its annual production guidance.

Sierra Metals Inc. reports positive drilling results from the Yauricocha Mine in Peru, confirming high-grade oxide polymetallic ore between the Cachi Cachi and Esperanza zones. The completed program includes 21 drill holes revealing substantial gold, silver, copper, zinc, and lead mineralization. CEO Luis Marchese highlighted the ongoing commitment to exploration as part of the growth strategy, emphasizing the potential for expanding mineral resources. This development supports Sierra Metals’ initiatives for increasing production and resource growth at its mining operations.

Sierra Metals Inc. (TSX:SMT, NYSE American:SMTS) will announce its Q1-2021 financial results on May 6, 2021, after market close. The company will host a webcast and conference call on May 7, 2021, at 10:30 am EDT to discuss these results. Sierra Metals, focused on precious and base metals production from its Yauricocha, Bolivar, and Cusi Mines, is emphasizing production volume increases and resource growth. The call will be accessible via the company’s website, and registration is required for phone participation.

Sierra Metals Inc. (TSX:SMT, NYSE American:SMTS) announced its financial results for 2020, reporting a revenue of $246.9 million, an 8% increase from 2019. Adjusted EBITDA rose 49% to $97.0 million, driven by higher copper sales and lower operating costs at its Yauricocha and Bolivar mines. The company produced 44.3 million pounds of copper and employed strategies to manage COVID-19 challenges. Cash and cash equivalents increased to $71.5 million, supporting future growth. A conference call is scheduled for March 19, 2021, to discuss these results.

Sierra Metals Inc. has secured an Informe Tecnico Sustentatorio (ITS) permit from Peru's Ministry of Environment, advancing its efforts to increase the Chumpe Plant's throughput at the Yauricocha Mine to 3,600 tonnes per day. CEO Luis Marchese expressed satisfaction with this milestone, indicating plans to submit documentation for the final Informe Tecnico Minero (ITM) permit expected in Q2 2021, which would lead to a 20% throughput increase. The company is also completing a Prefeasibility Study for future increases at Yauricocha and other mines.

Sierra Metals Inc. (TSX:SMT, BVL:SMT, NYSE AMERICAN:SMTS) disclosed its unaudited financial results for Q4 2020, highlighting revenues of US$45.2 million, a 7% increase from Q4 2019. Adjusted EBITDA rose 25% to US$22.5 million. Total tonnes processed decreased by 3% year-over-year. Despite an increase in cash and cash equivalents to US$65 million, net income for the year dropped 19% to US$28.2 million, attributed to significant treatment and refining cost increases. The company aims for a 20% throughput increase at its Yauricocha Mine in 2021.

Sierra Metals Inc. has reported its fourth quarter 2020 financial results for Sociedad Minera Corona S.A., showing revenues of US$45.2 million, a 7% increase from Q4 2019. Adjusted EBITDA rose by 25% to US$22.5 million. However, total tonnes processed decreased by 3% to 311,946, and copper equivalent production fell by 20%. The all-in sustaining cost per copper equivalent payable pound increased 17% to US$2.47. Cash and cash equivalents grew to US$65 million, reflecting a 27% rise in operating cash flows despite lower overall annual revenues by 6%.