Sierra Metals Subsidiary in Peru, Sociedad Minera Corona Reports Q4 and Full-year 2022 Financial Results

Rhea-AI Summary

Sierra Metals Inc (TSX: SMT) has filed its unaudited Financial Statements and Management's Discussion and Analysis (MD&A) for Q4 and full-year 2022 via its subsidiary, Sociedad Minera Corona S.A. With an 81.8% interest in Corona, the financial statements are accessible for review. Consolidated financial results will be released on March 13, 2023, followed by an investor conference call on March 14, 2023. The company, engaged in copper and base metals production with precious metal byproducts, emphasizes increasing production volume and exploring mineral resource growth at its mines in Peru and Mexico.

Positive

• 81.8% ownership in Sociedad Minera Corona S.A. indicates strong control over financials.
• Focus on increasing production volume and mineral resources could drive future growth.

Negative

• None.

TORONTO--(BUSINESS WIRE)-- Sierra Metals Inc. (TSX: SMT) ("Sierra Metals" or "the Company") announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. ("Corona") of its unaudited Financial Statements and the Management’s Discussion and Analysis ("MD&A") for the fourth quarter and full-year 2022.

The Company holds an 81.8% interest in Corona. The unaudited Financial Statements and MD&A can be viewed at:

SMV -- Superintendencia del Mercado de Valores -- Información Financiera

To search for the Company’s financial statements, enter the following parameters in the empty fields:

Empresa: Sociedad Minera Corona S.A.
Periodo: 2022 and Trimestre IV

Sierra Metals will release its Q4 and full-year 2022 consolidated financial statements on Monday, March 13^th, 2023, with an investor conference call on Tuesday, March 14^th, 2023.

About Sierra Metals

Sierra Metals Inc. 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 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 Toronto Stock Exchange under the symbol "SMT".

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/20230216005385/en/

Investor Relations

Sierra Metals Inc.

Tel: +1 (416) 366-7777

Email: info@sierrametals.com

Source: Sierra Metals Inc.

FAQ

When will Sierra Metals release its Q4 and full-year 2022 financial results?

Sierra Metals will release its Q4 and full-year 2022 consolidated financial statements on March 13, 2023.

What is the significance of Sierra Metals' 81.8% interest in Corona?

The 81.8% interest in Sociedad Minera Corona S.A. provides Sierra Metals significant influence over its financial performance and operations.

What is Sierra Metals' focus in its mining operations?

Sierra Metals focuses on copper production, base metals, and increasing production volume at its mines in Peru and Mexico.

When is the investor conference call for Sierra Metals?

The investor conference call is scheduled for March 14, 2023.