Sierra Metals Declares Annual Dividend

Rhea-AI Summary

Sierra Metals declared an annual dividend of US$0.03 per common share for the 2021 fiscal year. The dividend, designated as an eligible dividend for Canadian tax purposes, will be payable on December 7, 2021, to shareholders of record by November 22, 2021. With 163,428,150 common shares outstanding, this distribution reflects the company's financial commitment to its shareholders. Sierra Metals continues to focus on enhancing production at its mines in Peru and Mexico.

Positive

• Annual dividend of US$0.03 demonstrates commitment to shareholder returns.
• Eligible dividend for Canadian income tax purposes enhances investor appeal.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or the “Company”) today declared an annual dividend for the 2021 fiscal year of US$0.03 per common share, payable on December 7, 2021, to shareholders of record at the close of business on November 22, 2021. There are currently 163,428,150 common shares of the Company that are issued and outstanding. The dividend is designated as an eligible dividend for Canadian income tax purposes.

Image 1: Concentrate Truck being loaded at Yauricocha (Photo: Business Wire)

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company with Green Metal exposure including increasing copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s common shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20211105005803/en/

Mike McAllister

VP, Investor Relations

Sierra Metals Inc.

+1 (416) 366-7777

info@sierrametals.com



Luis Marchese

CEO

Sierra Metals Inc.

+1 (416) 366-7777

Source: Sierra Metals Inc.

FAQ

What is the dividend declaration date for Sierra Metals in 2021?

The dividend declaration date for Sierra Metals in 2021 is November 5, 2021.

When will the Sierra Metals dividend be paid?

The Sierra Metals dividend will be paid on December 7, 2021.

What is the dividend amount for Sierra Metals in 2021?

The dividend amount for Sierra Metals in 2021 is US$0.03 per common share.

What is the record date for Sierra Metals dividend in 2021?

The record date for Sierra Metals dividend in 2021 is November 22, 2021.

Is the Sierra Metals dividend eligible for Canadian income tax purposes?

Yes, the Sierra Metals dividend is designated as an eligible dividend for Canadian income tax purposes.