Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS)
("Sierra Metals" or the "Company") has received an Informe Tecnico
Sustentatorio (“ITS”) permit from the Peruvian Ministry of
Environment through its Agency SENACE. The ITS is a key permitting
milestone and the second to last step for the Company on receiving
approval to increasing the permitted throughput of the Chumpe
Plant, located at the Yauricocha Mine, to 3,600 tonnes per day
('TPD').
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210316005408/en/
Train emerging from Yauricocha Tunnel
loaded with ore (Photo: Business Wire)
Luis Marchese, CEO of Sierra Metals, commented: "I am delighted
with the receipt of the ITS permit. The Company may now submit the
required documentation for an Informe Tecnico Minero (“ITM”)
permit, which is the final step in the process to permit an
increased throughput at Yauricocha to 3,600 TPD. The Company
expects to receive the ITM permit in the second quarter of 2021.
This permit would allow a 20% increase in throughput and assist the
Company in maintaining its annual production guidance.
Additionally, we continue focusing on the completion of the
Prefeasibility Study at Yauricocha, which examines increasing
throughput to 5,500 TPD starting in 2024, as well as on the
Prefeasibility Studies examining increases at Bolivar to 10,000 TPD
and Cusi to 2,400 TPD."
He Concluded: "2021 continues to be an exciting time for the
Company as we continue with organic growth plans including
significant brownfield and greenfield exploration programs to
support future mineral resource and production growth. Management
also continues to focus on improving and modernizing our mine
operations, increasing operating efficiencies to improve
productivity and reduce costs."
Quality Control
All technical data contained in this news release has been
reviewed and approved by:
Americo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice
President of Corporate Planning, is a Qualified Person under
National Instrument 43-101 – Standards of Disclosure for Mineral
Projects.
Augusto Chung, FAusIMM CP (Metallurgist) and Vice President of
Metallurgy and Projects to Sierra Metals, is a Qualified Person
under National Instrument 43-101 – Standards of Disclosure for
Mineral Projects.
About Sierra Metals
Sierra Metals Inc. is a diversified Canadian mining company
focused on the production and development of precious and base
metals from its polymetallic 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".
Sierra is currently in a quiet period as per the Company’s press
release of January 8, 2021. As such, the Company is unable to
engage directly with shareholders at this time. The Company does
not intend to provide announcements or updates unless or until it
determines that further disclosure is appropriate or necessary.
For further information regarding this press release, please
visit www.sierrametals.com or email us at
info@sierrametals.com.
Continue to Follow, Like and Watch our progress:
Web: www.sierrametals.com | Twitter: sierrametals
| Facebook: SierraMetalsInc | LinkedIn: Sierra Metals
Inc | Instagram: sierrametals | Youtube:
SierraMetals
This press release contains "forward-looking information" and
"forward-looking statements" within the meaning of Canadian and
U.S. securities laws (collectively, " forward-looking information
"). Forward-looking information includes, but is not limited to,
statements with respect to the results of the strategic review
process. Any statements that express or involve discussions with
respect to predictions, expectations, beliefs, plans, projections,
objectives, assumptions or future events or performance (often, but
not always, using words or phrases such as "expects",
"anticipates", "plans", "projects", "estimates", "assumes",
"intends", "strategy", "goals", "objectives", "potential" or
variations thereof, or stating that certain actions, events or
results "may", "could", "would", "might" or "will" be taken, occur
or be achieved, or the negative of any of these terms and similar
expressions) are not statements of historical fact and may be
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 30,
2020 for its fiscal year ended December 31, 2019 and other risks
identified in the Company's filings with Canadian securities
regulators and the United States Securities and Exchange
Commission, which filings are available at www.sedar.com and
www.sec.gov, respectively.
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210316005408/en/
Mike McAllister Vice President, Investor Relations Sierra
Metals Inc. Email: info@sierrametals.com
Luis Marchese CEO Sierra Metals Inc.
Sierra Metals (AMEX:SMTS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Sierra Metals (AMEX:SMTS)
Historical Stock Chart
From Jul 2023 to Jul 2024