Sierra Metals Inc. focuses on the production, exploration, and development of precious and base metals in Peru and Mexico. It primarily focuses on exploration of silver, copper, lead, zinc, and gold deposits. The company's flagship property is the 81.84% owned polymetallic Yauricocha Mine covering an area of 18,778 hectares located in the Yauyos province in Peru. It also holds 100% interest in the Bolivar mine, comprising of 12 mining concessions; and Cusi Mines that comprises of 73 concessions covering 11,977 hectares in Mexico. The company was formerly known as Dia Bras Exploration Inc. and changed its name to Sierra Metals Inc. in December 2012. Sierra Metals Inc. was incorporated in 1996 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: AMEX
Website: sierrametals.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/26/2022 | $3.75 → $3.50 | Buy | HC Wainwright & Co. |
| 11/10/2021 | Sector Outperform → Neutral | CIBC | |
| 10/19/2021 | $4.00 → $3.75 | Buy | HC Wainwright & Co. |
| 8/11/2021 | $4.25 → $4.00 | Buy | HC Wainwright & Co. |
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") will host a conference call on Wednesday November 16th, 2022, at 8:00am EST to provide attendees the opportunity to ask questions with respect to the Company's financial results for Q3 2022. The Company held its Q3 2022 earnings call earlier today, but due to technical issues attendees were not able to ask questions. Details of the November 16th, 2022 conference call are as follows: Via phone: To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call. Canada dial-in number (Toll Free): 1 833 950 0062 Canada dial-in number (Local):
Conference Call Tuesday November 15, 2022 at 11:00 AM (EST) (All $ figures reported in USD) Revenue from metals payable of $38.8 million in Q3 2022, a 36% decrease from $60.7 million in Q3 2021 and a 22% decrease from the previous quarter, due to lower throughput at Yauricocha and slower ramp up at Bolivar as a result of a flooding event and operational restrictions due to limited ventilation in the Bolivar NorthWest zone. Adjusted EBITDA of $(3.9) million in Q3 2022, compared to $17.4 million in Q3 2021 and $1.4 million in Q2 2022. Net loss attributable to shareholders for Q3 2022 of $46.2 million, or $(0.28) per share (basic and diluted), compared to a net loss of $4.8 million, or
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or the "Company") confirms that it has received further correspondence from Compania Minera Kolpa S.A. ("Kolpa") and Arias Resource Capital Management LP ("ARC") regarding their previously announced unsolicited, non-binding letter of intent. The Company has been diligently and expeditiously pursuing both short-term financing opportunities and the strategic review process announced in Sierra's press release dated October 18, 2022. As previously announced, CIBC Capital Markets has been engaged as financial advisor to review strategic options. Kolpa, ARC and other parties that have already expressed interest, among others, w
Arias expresses concern for the Board of Sierra's apparent lack of urgency in solving Sierra's financial challenges TORONTO, Nov. 11, 2022 /CNW/ - Compañia Minera Kolpa ("Kolpa"), in conjunction with Arias Resource Capital and its affiliates ("Arias", and together with Kolpa, "we" or "us"), which are the largest shareholder of Sierra Metals Inc. ("Sierra") (TSX: SMT) (NYSE:SMTS) (BVL or Bolsa de Valores de Lima: SMT), today announced the delivery of a new letter to the Board of Directors of Sierra (the "Board") highlighting certain key terms of the proposed business combination between Sierra and Kolpa, with a concurrent financing aimed at solving the financial and liquidity concerns at Sier
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") reports that in connection with the previously announced strategic review process, the Company has retained CIBC Capital Markets as its financial advisor to review strategic options. About Sierra Metals Sierra Metals 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 also has large land pac
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE:SMTS) ("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 third quarter of 2022 ("Q3 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 III S
Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") confirms that it received an unsolicited, non-binding letter of intent (the "LOI") following the close of business on October 27, 2022 from Compañia Minera Kolpa S.A. ("Kolpa"), among others. The LOI outlines indicative terms for a proposed: (a) business combination of Kolpa and Sierra Metals; and (b) concurrent financing by an investment firm (collectively, the "Proposal"). The LOI was submitted by Kolpa with its shareholders Arias Resource Capital Fund II L.P. and Arias Resource Capital Fund II (Mexico) L.P., among others. The LOI states that Arias Resource Capital Fund II L.P. and Arias Resource Capit
TORONTO, Oct. 27, 2022 /CNW/ - Compañia Minera Kolpa ("Kolpa"), a polymetallic mining company in Peru, today announced that it delivered of a letter of intent ("LOI") to the board of directors of Sierra Metals Inc. ("Sierra") (TSX:SMT) (NYSE:SMTS) (BVL or Bolsa de Valores de Lima: SMT) outlining indicative terms for a strategic transaction with Sierra, and a concurrent financing aimed at solving Sierra's current financial and operational challenges. The financing will be provided by a strategic investment firm that is not an affiliate of Kolpa or its shareholders. The transactions have the full support of Sierra's largest shareholder, affiliates of Arias Resource Capital that together own a
(All metal prices reported in USD) Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") reports third quarter 2022 production results and announces its decision to voluntarily delist its common shares from the New York Stock Exchange American ("NYSE") and the Bolsa de Valores de Lima ("BVL"). Delisting is intended to reduce costs and simplify Sierra's administrative and compliance structure associated with these listings. The Company's common shares will continue to be listed and traded in Canadian dollars on the TSX. Production results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Boliv
Sierra Metals Inc. (TSX:SMT) (NYSE:SMTS) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") announced today that a special committee comprised of its independent directors (the "Special Committee") has initiated a process to evaluate and consider the Company's current financial and liquidity position, operational challenges and possible financing and restructuring alternatives that may be available to the Company. Financial and Operational Matters The Company faces liquidity challenges as a result of the recent previously announced suspension of operations at the Yauricocha Mine and operating losses and negative cash flows that have accumulated, primarily from the B
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Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE: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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220613005789/en/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 se
Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") hereby announces the voting results from the Company's Annual General Meeting of Shareholders held on Friday, June 10, 2022 (the "AGM"). A total of 128,416,799 common shares were represented at the meeting, being 78.33% of the Company's issued and outstanding shares. Shareholders voted in favour of the re-appointment of PricewaterhouseCoopers LLP as auditors for the ensuing year, and the election of management's nominees as directors. Detailed results of the votes on the election of directors are as follows: Director Votes For Votes Withheld Outcome of Vote Oscar Cabrera 62,316,296 (
Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE:SMTS) ("Sierra Metals" or ""Company") announces the appointment of Ms. Dawn Whittaker to its Board of Directors effective immediately. Ms. Whittaker is a legal professional with over 30 years of experience in corporate law. She has provided legal counsel in domestic and international mergers and acquisitions and corporate finance transactions, including take-overs, joint ventures and strategic alliances, and in commercial transactions, corporate governance, directors' and officers' liabilities and shareholder rights. She retired as a Senior Partner from Norton Rose Fulbright in June of 2018 where she served as the Canadian Head of the firm's mi
Sierra Metals Inc. (TSX:SMT) (BVL: SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") announces today that its Board of Directors (the "Board") has completed its previously announced review of strategic alternatives. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211007005386/en/Image 1: Raptor Drill at Bolivar (Photo: Business Wire) Based on an extensive review of various alternatives, the Board has determined, in consultation with its financial and legal advisors, that maximum value for shareholders will be delivered through the pursuit by the Company of various strategic value-enhancing opportunities. Within its current asse
TORONTO--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or the “Company”) hereby announces the voting results from the Company’s Annual General Meeting of Shareholders held on Thursday, June 10, 2021 (the “Meeting”). A total of 133,132,611 common shares were voted at the Meeting, being 81.46% of the Company’s issued and outstanding common shares. Shareholders voted in favour of all matters brought before the Meeting, including the re-appointment of PricewaterhouseCoopers LLP as the Company’s auditors for the ensuing year, and the election of management’s nominees to the Company’s board of directors (the “Board”). Detailed results o
TORONTO--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or the “Company”) is pleased to announce that Jose Vizquerra Benavides has been appointed as Chairman of the Board of Directors of the Company (the “Board”). Mr. Vizquerra is President, CEO, and Director of O3 Mining Inc. and a Director of Osisko Mining Inc. Mr. Vizquerra was also Head of Business Development for Compañía de Minas Buenaventura S.A.A. (NYSE: BVN), Peru’s largest, publicly traded precious and base metals company from 2008 to 2011. Mr. Vizquerra is an alumni of the General Management Program at the Wharton School of Business and holds an MSc in Mineral Exploration
TORONTO--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or the “Company”) announces today that its Board of Directors, supported by its management team and with the full support of Arias Resource Capital Fund L.P., Arias Resource Capital Fund II L.P. (the Company’s two largest shareholders) and Arias Resource Capital Fund II (Mexico) L.P., has commenced a process to explore and evaluate potential strategic alternatives focused on maximizing shareholder value. These alternatives could include, among other things, the sale of part or all of the Company, a sale of some of the assets of the Company, a merger or other business combination
HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $3.50 from $3.75 previously
CIBC downgraded Sierra Metals from Sector Outperform to Neutral
HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $3.75 from $4.00 previously
HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $4.00 from $4.25 previously
HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $4.25 from $4.50 previously
HC Wainwright & Co. reiterated coverage of Sierra Metals with a rating of Buy and set a new price target of $4.50 from $4.25 previously
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") will host a conference call on Wednesday November 16th, 2022, at 8:00am EST to provide attendees the opportunity to ask questions with respect to the Company's financial results for Q3 2022. The Company held its Q3 2022 earnings call earlier today, but due to technical issues attendees were not able to ask questions. Details of the November 16th, 2022 conference call are as follows: Via phone: To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call. Canada dial-in number (Toll Free): 1 833 950 0062 Canada dial-in number (Local):
Conference Call Tuesday November 15, 2022 at 11:00 AM (EST) (All $ figures reported in USD) Revenue from metals payable of $38.8 million in Q3 2022, a 36% decrease from $60.7 million in Q3 2021 and a 22% decrease from the previous quarter, due to lower throughput at Yauricocha and slower ramp up at Bolivar as a result of a flooding event and operational restrictions due to limited ventilation in the Bolivar NorthWest zone. Adjusted EBITDA of $(3.9) million in Q3 2022, compared to $17.4 million in Q3 2021 and $1.4 million in Q2 2022. Net loss attributable to shareholders for Q3 2022 of $46.2 million, or $(0.28) per share (basic and diluted), compared to a net loss of $4.8 million, or
Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE:SMTS) ("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 third quarter of 2022 ("Q3 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 III S
(All metal prices reported in USD) Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") reports third quarter 2022 production results and announces its decision to voluntarily delist its common shares from the New York Stock Exchange American ("NYSE") and the Bolsa de Valores de Lima ("BVL"). Delisting is intended to reduce costs and simplify Sierra's administrative and compliance structure associated with these listings. The Company's common shares will continue to be listed and traded in Canadian dollars on the TSX. Production results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Boliv
Shareholder Conference Call and Webcast will be held on Wednesday November 16th, 2022 Sierra Metals Inc. (TSX:SMT) (NYSE:SMTS) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") will release Q3-2022 consolidated financial results on Tuesday November 15th, 2022, after Market Close. Senior Management will also host a webcast and conference call on Wednesday November 16th, 2022, at 11:00 am EST. Details of the Conference Call and Webcast are as follows: Via Webcast: A live audio webcast of the meeting will be available on the Company's website: https://events.q4inc.com/attendee/756129326 The webcast along with presentation slides will be archived for 180 days on www
Conference Call August 12, 2022 at 11:00 AM (EDT) (All $ figures reported in USD) Revised production, EBITDA and Cost guidance due to lower than expected performance at Bolivar and Cusi, offset by higher throughput and grades at Yauricocha. Capital expenditure guidance lowered due to delays in Bolivar expansion. Bolivar turnaround program is making progress, but taking longer than expected due to operating restrictions and limited ventilation related to delays on a new raise bore in Bolivar NW. H1 target throughput below initial guidance. Revenue from metals payable of $49.9 million in Q2 2022, a 13% decrease from $57.2 million in Q1 2022 and a 37% decrease from Q2 2021. Adjusted E
(All metal prices reported in USD) Sierra Metals Inc. (TSX:SMT) (BVL or Bolsa de Valores de Lima: SMT) (NYSE:SMTS) ("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 second quarter of 2022 ("Q2 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 Sierra Metals will be releasing its Q2 2022 consolidated financial statements on Thursday August 11th, 2022 with an investor conference c
(All metal prices reported in USD) Sierra Metals Inc. (TSX:SMT) (BVL:SMT) (NYSE:SMTS) ("Sierra Metals" or "the Company") announces second quarter 2022 production results. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220727005956/en/Photo 1 Arial Photo of Bolivar Mine (Photo: Business Wire) Results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver mines in Mexico. Second Quarter 2022 Consolidated Production Highlights Consolidated production guidance met with ongoing operational turnaround program at Bolivar Consolidated copper
Shareholder Conference Call and Webcast will be held on Friday August 12th, 2022 Sierra Metals Inc. (TSX:SMT) (NYSE:SMTS) (BVL or Bolsa de Valores de Lima: SMT) ("Sierra Metals" or the "Company") will release Q2-2022 consolidated financial results on Thursday August 11th, 2022 after Market Close. Senior Management will also host a webcast and conference call on Friday August 12th, 2022 at 11:00 am EDT. Details of the Conference Call and Webcast are as follows: Via Webcast: A live audio webcast of the meeting will be available on the Company's website: https://event.on24.com/wcc/r/3828385/8F4898DF12D6F6F90626175BB7F7742D The webcast along with presentation slides will be archived for 18
Conference Call May 12, 2022 At 11:00 AM (EDT) ______________________________________________________________________ (All $ figures reported in USD) Revenue from metals payable of $57.2 million in Q1 2022, an 18% decrease from $69.6 million in Q1 2021 and an 8% decrease from Q4, 2021. Adjusted EBITDA of $16.0 million in Q1 2022, a 43% decrease from $27.9 million in Q1 2021 and a 15% decrease from Q4, 2021. Operating cash flows before movements in working capital of $10.7 million in Q1 2022, a 58% decrease from $25.3 million in Q1 2021 and a 31% decrease of from Q4, 2021. Copper equivalent production of 15.9 million pounds; a 38% decrease from Q1 2021 and an 11% decrease from Q4,