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Sierra Metals Inc. is a premier Latin American precious and base metals producer. The company owns and operates three mines in commercial production: the Yauricocha mine in Peru, the Bolivar and Cusi mines in Mexico. In 2011, Sierra Metals acquired 82% of Sociedad Minera Corona S.A., dramatically transforming its production profile and establishing it as a mid-tier producer. The completion of the Piedras Verdes mill in Mexico and the announcement of commercial production at the Bolivar mine further solidified Sierra Metals' position in the industry.
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Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) has released a letter to shareholders highlighting the company's achievements in 2023. The company has stabilized its operations and laid the foundation for long-term growth. It has achieved record production levels at its core mines, Bolivar and Yauricocha, and has seen significant growth in mineral resources. Sierra Metals has focused on safety, community relations, and corporate debt refinancing. It has also uplisted to the OTCQX Best Market and raised C$16 million through a private placement. The company's share price has increased by more than 210% in 2023.
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Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) begins trading on the OTCQX Market in the United States under the symbol “SMTSF,” aiming to increase visibility and accessibility for U.S. and international shareholders. The Company remains listed on the Toronto Stock Exchange under the symbol “SMT”. Sierra Metals' CEO, Ernesto Balarezo, highlights the milestone as the company's efforts to support its growth at its mines in Peru and Mexico.
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Sierra Metals Inc (TSX: SMT) (OTC PINK: SMTSF) Announces Participation in 121 Mining Investment Conference in London
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Sierra Metals Inc. (TSX: SMT | OTC: SMTSF) reports Q3 2023 financial results, with $57.0 million revenue, a 62% increase from Q3 2022, and $8.1 million Adjusted EBITDA. The company is on track to meet 2023 production and cost guidance. The second tranche of a private placement worth C$3,543,663.40 is now available to the company, in addition to the C$12,837,133.40 previously made available in the first tranche.
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Sierra Metals Inc. announces the filing of unaudited Financial Statements and MD&A by its subsidiary, Sociedad Minera Corona S.A., for Q3 2023. Sierra Metals holds an 81.8% interest in Corona. The Company's Q3 2023 consolidated financial results will be released on November 13, 2023.
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Sierra Metals reports Q3 2023 production results, with increased production for copper, silver, and gold. The Cusi Mine is being sold.
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Sierra Metals closes non-brokered private placement, raising $16.4 million
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Sierra Metals Inc. announces the placement of Cusi silver mine on care and maintenance and initiation of sale process.
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Sierra Metals Inc. to attend Precious Metals Summit and Gold Forum Americas in September 2023.
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Sierra Metals announces additional 15.5 million copper equivalent pounds in measured and indicated mineral resources at its Bolivar mine in Mexico.
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FAQ
What is the current stock price of SIERRA METALS ORD (SMTSF)?
The current stock price of SIERRA METALS ORD (SMTSF) is $0.5742 as of December 24, 2024.
What is the market cap of SIERRA METALS ORD (SMTSF)?
The market cap of SIERRA METALS ORD (SMTSF) is approximately 111.6M.
Where does Sierra Metals operate its mines?
Sierra Metals operates three mines in commercial production: the Yauricocha mine in Peru, and the Bolivar and Cusi mines in Mexico.
What was the impact of acquiring Sociedad Minera Corona S.A. on Sierra Metals?
The acquisition of Sociedad Minera Corona S.A. in 2011 transformed Sierra Metals' production profile and elevated it to a mid-tier precious and base metals producer.
What was the significance of completing the Piedras Verdes mill in Mexico?
The completion of the Piedras Verdes mill in Mexico increased Sierra Metals' production capacity and bolstered its operations in the region.
When was commercial production announced at the Bolivar mine?
Commercial production was announced at the Bolivar mine following the completion of the Piedras Verdes mill in Mexico.
How has Sierra Metals' expansion in Peru affected its overall production profile?
Sierra Metals' expansion in Peru, particularly with the acquisition of the Yauricocha mine, significantly impacted its production profile and established it as a key player in the industry.
What is the current production capacity of the Piedras Verdes mill in Mexico?
The Piedras Verdes mill in Mexico has a current throughput capacity of 2,000 tpd following a 2013 expansion.
What propelled Sierra Metals from a junior exploration company to a mid-tier producer?
The acquisition of Sociedad Minera Corona S.A. and the expansion of operations in Peru propelled Sierra Metals from a junior exploration company to a mid-tier producer.
What is the strategic significance of Sierra Metals' mines in Peru and Mexico?
Sierra Metals' mines in Peru and Mexico play a strategic role in the company's production portfolio, contributing to its status as a leading Latin American metals producer.
How has Sierra Metals established itself in the Latin American metals market?
Through strategic acquisitions and operational expansions, Sierra Metals has established itself as a premier Latin American precious and base metals producer.
What are Sierra Metals' key achievements in recent years?
Sierra Metals has achieved significant milestones in recent years, including the acquisition of Sociedad Minera Corona S.A. and the expansion of its production capacity in Mexico and Peru.
SIERRA METALS INC ORD
OTC:SMTSF
SMTSF Rankings
SMTSF Stock Data
111.63M
115.71M
2.91%
22.42%
0.1%
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