Sierra Metals Achieves Full Throughput Capacity at its Yauricocha Mine, Peru
Sierra Metals announces that its Yauricocha mine in Peru has achieved full throughput capacity of 3,600 tonnes per day since the start of Q4. The company completed mine development below the 1120 level on time and within budget, successfully extending the mine's life. This represents a 30% increase from December 2023 throughput levels.
CEO Ernesto Balarezo highlighted that the team accomplished this expansion in just seven months after receiving operating and environmental permits earlier in 2024. The increased capacity and resulting lower operating costs are described as a game-changer for both the mine and Sierra Metals.
Sierra Metals annuncia che la sua miniera di Yauricocha in Perù ha raggiunto la piena capacità produttiva di 3.600 tonnellate al giorno dall'inizio del quarto trimestre. L'azienda ha completato lo sviluppo della miniera sotto il livello 1120 nei tempi e nei budget previsti, estendendo con successo la vita della miniera. Ciò rappresenta un incremento del 30% rispetto ai livelli di produzione di dicembre 2023.
Il CEO Ernesto Balarezo ha evidenziato che il team ha realizzato questa espansione in soli sette mesi dopo aver ricevuto i permessi operativi e ambientali all'inizio del 2024. L'aumento della capacità e i conseguenti costi operativi ridotti sono descritti come un fattore determinante sia per la miniera che per Sierra Metals.
Sierra Metals anuncia que su mina de Yauricocha en Perú ha alcanzado la capacidad máxima de 3,600 toneladas por día desde el inicio del cuarto trimestre. La compañía completó el desarrollo de la mina por debajo del nivel 1120 a tiempo y dentro del presupuesto, extendiendo con éxito la vida de la mina. Esto representa un aumento del 30% respecto a los niveles de producción de diciembre de 2023.
El CEO Ernesto Balarezo destacó que el equipo logró esta expansión en solo siete meses tras recibir los permisos operativos y ambientales a principios de 2024. La mayor capacidad y la reducción de los costos operativos se describen como un cambio radical tanto para la mina como para Sierra Metals.
시에라 메탈스는 페루에 위치한 야우리코차 광산이 4분기 시작 이후 일일 3,600톤의 전 생산량을 달성했다고 발표했습니다. 회사는 1120 레벨 아래에서의 광산 개발을 제때에 예산 내에서 완료하여 성공적으로 광산의 생명을 연장했습니다. 이는 2023년 12월 생산량 대비 30% 증가한 수치입니다.
CEO 에르네스토 발라레조는 팀이 2024년 초 운영 및 환경 허가를 받은 후 단 7개월 만에 이 확장을 달성했다고 강조했습니다. 증가된 생산능력과 그로 인한 운영비 절감은 광산과 시에라 메탈스 모두에 있어 혁신적인 변화로 묘사됩니다.
Sierra Metals annonce que sa mine de Yauricocha au Pérou a atteint sa pleine capacité de traitement de 3 600 tonnes par jour depuis le début du quatrième trimestre. La société a achevé le développement de la mine en dessous du niveau 1120 dans les délais et le budget, prolongeant ainsi avec succès la durée de vie de la mine. Cela représente une augmentation de 30% par rapport aux niveaux de traitement de décembre 2023.
Le PDG Ernesto Balarezo a souligné que l'équipe a accompli cette expansion en seulement sept mois après avoir reçu les permis d'exploitation et environnementaux au début de 2024. L'augmentation de la capacité et la diminution des coûts d'exploitation sont qualifiées de révolutionnaires tant pour la mine que pour Sierra Metals.
Sierra Metals gibt bekannt, dass die Yauricocha-Mine in Peru seit Beginn des vierten Quartals die volle Durchsatzkapazität von 3.600 Tonnen pro Tag erreicht hat. Das Unternehmen hat die Entwicklung der Mine unterhalb der 1120-Ebene pünktlich und im Rahmen des Budgets abgeschlossen und damit erfolgreich die Lebensdauer der Mine verlängert. Dies stellt eine 30-%-Steigerung im Vergleich zu den Durchsatzlevels im Dezember 2023 dar.
CEO Ernesto Balarezo hob hervor, dass das Team diese Erweiterung in nur sieben Monaten nach Erhalt der Betriebs- und Umweltgenehmigungen Anfang 2024 erreicht hat. Die erhöhte Kapazität und die damit verbundenen niedrigeren Betriebskosten werden als Wendepunkt sowohl für die Mine als auch für Sierra Metals beschrieben.
- Achieved full throughput capacity of 3,600 tonnes per day
- 30% increase in throughput from December 2023 levels
- Mine development completed on time and on budget
- Extended mine life through development below 1120 level
- Lower operating costs expected due to increased capacity
- None.
Ernesto Balarezo, Sierra Metals’ CEO, comments, “Since receiving operating and environmental permits to develop and mine below the 1120 level at Yauricocha earlier in 2024, the team has done a terrific job developing this new zone, and just in seven months has been able to increase the throughput to 3,600 tpd. This was all done on-time, on-budget and most importantly safely.”
Mr. Balarezo continues, “Yauricocha is now operating at full capacity, which is a
Qualified Persons
Ricardo Salazar Milla (AIG #8551), Corporate Manager – Mineral Resources, is a Qualified Person (“QP”) as defined under National Instrument NI 43-101 Standards of Disclosure for Mineral Projects. Mr. Salazar has reviewed and approved the scientific and technical content of this news release.
About Sierra Metals
Sierra Metals is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in
Forward-Looking Statements
This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of Sierra and reflect management's expectations or beliefs regarding such future events and anticipated performance based on an assumed set of economic conditions and courses of action. In certain cases, statements that contain forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved" or the negative of these words or comparable terminology. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of Sierra to be materially different from any anticipated performance expressed or implied by such forward-looking information.
Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading "Risk Factors" in the Company's annual information form dated March 15, 2024 for its fiscal year ended December 31, 2023 and other risks identified in the Company's filings with Canadian securities regulators, which are available at www.sedarplus.ca.
The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.
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For further information regarding Sierra Metals, please visit www.sierrametals.com or contact:
Investor Relations
Sierra Metals Inc.
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info@sierrametals.com
Source: Sierra Metals Inc.
FAQ
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