Sierra Metals Retains CIBC Capital Markets as Financial Advisor

Rhea-AI Summary

Sierra Metals Inc. (AMEX:SMTS) has appointed CIBC Capital Markets as its financial advisor to explore strategic options amidst its announced strategic review process. The company operates the Yauricocha Mine in Peru, along with the Bolivar and Cusi Mines in Mexico, focusing on enhancing production and mineral resource growth. Sierra Metals is committed to increasing its production volume, leveraging large land packages at its mining locations.

Positive

• Engagement of CIBC Capital Markets as financial advisor may lead to favorable strategic decisions.
• Focus on increasing production volume and mineral resource growth could enhance long-term profitability.
• Diverse mining operations across multiple locations provide growth potential.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Sierra Metals Inc. (TSX: SMT) (BVL:SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) reports that in connection with the previously announced strategic review process, the Company has retained CIBC Capital Markets as its financial advisor to review strategic options.

About Sierra Metals

Sierra Metals is a diversified Canadian mining company with Green Metal exposure including 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. 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.

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

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221103006298/en/

Investor Relations

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Email: info@sierrametals.com

Luis Marchese

CEO

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Ed Guimaraes

CFO

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

FAQ

What recent actions has Sierra Metals (SMTS) taken regarding its strategic review?

Sierra Metals has retained CIBC Capital Markets to act as its financial advisor for a strategic review process.

What are the main mining operations of Sierra Metals (SMTS)?

Sierra Metals primarily operates the Yauricocha Mine in Peru and the Bolivar and Cusi Mines in Mexico.

How is Sierra Metals (SMTS) planning to improve its business?

The company is focused on increasing its production volume and growing its mineral resources.

What is the purpose of the strategic review process announced by Sierra Metals (SMTS)?

The strategic review process aims to explore various options for improving the company’s operations and overall performance.