Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN:
SMTS) (“Sierra Metals” or “the Company”) is pleased to announce
that Oscar Cabrera has been appointed as Chair of the Board of
Directors of the Company (the “Board”). Mr. Cabrera joined the
Board in October 2021 and replaces Mr. Jose Vizquerra as Chair.
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Image 2: Train emerging from Yauricocha
Tunnel loaded with ore (Photo: Business Wire)
Additionally, the Board appointed Miguel Aramburu as its newest
member. Mr. Aramburu has over 25 years of professional experience
with 15 years dedicated to the mining sector, currently serving on
the Board of STRACON S.A.C, a mining contractor, and Minsur S.A., a
Perú based mining company.
"We welcome Miguel to the Sierra Metals Board. His senior
leadership at large Peruvian mining operations as well as his
significant board experience will provide important insight as a
member of our Board. The strong combination of expertise of our
Board members will help strengthen the execution of the Company’s
current initiatives, as well as provide guidance for its next phase
of development and growth. We look forward to working together,”
commented Luis Marchese, CEO.
Bios
Oscar Cabrera has over 20 years of experience as an equity
analyst, covering the metals and mining industry for bulge bracket
investment banks and Canadian financial institutions, including
Goldman Sachs, Merrill Lynch Canada and CIBC World Markets. He
obtained recognition for industry thought leadership, fundamental
commodity analysis and strong industry relationships, which has led
to advisory roles for public mining companies, including Nexa
Resources S.A. He also participated in the vetting of and advising
on primary and secondary offerings in Canada, the U.S. and Europe.
Mr. Cabrera holds an MBA from York University, an M Eng. in
Structural Engineering from the University of Toronto and a B. Sc
in Civil Engineering from the Instituto Tecnológico y de Estudios
Superiores de Monterrey. Mr. Cabrera is a Canadian Citizen,
originally from Mexico.
Miguel Aramburu currently serves on the Board of Directors of
Stracon S.A.C., a mining contractor; Fibra Prime, a Peruvian REIT;
Minsur S.A., a Peru-based mining and exploration company; and
IEduca, an education conglomerate. He has previously held positions
on the boards of Enfoca Investments, Andino Investment Holding, El
Comercio, Neptunia, Fenix Power, GyM, Stracon GyM, Maestro Peru,
Castrovirreyna and Pacifico Vida. Prior to committing himself to
serving on corporate boards, Mr. Aramburu held the position of CEO
(2008-2010) and COO (2006-2008) of Hochschild Mining Plc. In
addition, he has held progressive positions with Mauricio
Hochschild Y Cia, including CEO (2004-2006), CFO (2002-2004) and
General Manager for various segments of operations (1995-2002). Mr.
Aramburu holds an MBA from Stanford University and obtained his
Industrial Engineering degree from Pontificia Universidad Católica
del Peru.
About Sierra Metals
Sierra Metals Inc. is a diversified Canadian mining company with
Green Metal exposure including increasing 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.
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 Toronto Stock Exchange
and the Bolsa de Valores de Lima under the symbol “SMT” and on the
NYSE American Exchange under the symbol “SMTS”.
For further information regarding Sierra Metals, please visit
www.sierrametals.com.
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Forward-Looking
Statements
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 execution of the Company’s current
initiatives and the next stages of the Company’s development and
growth. 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 16,
2022 for its fiscal year ended December 31, 2021 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.
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Investor Relations Sierra Metals Inc. +1 (416) 366-7777
info@sierrametals.com
Ed Guimaraes CFO Sierra Metals Inc. +1(416) 366-7777
Luis Marchese CEO Sierra Metals Inc. +1(416) 366-7777
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