Sierra Metals announces appointment of CFO

VANCOUVER, Nov. 13, 2014 /CNW/ - Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") is pleased to announce the appointment of Mr. Ed Guimaraes as Chief Financial Officer effective November 17, 2014. Ed will replace Fernando Piccini, whose resignation was announced on September 5, 2014.

Ed brings to Sierra Metals over 20 years of Canadian and international experience in the mining industry. Ed held progressive senior management positions with Aur Resources Inc. (Aur) between 1995 and 2007, ultimately serving as Executive Vice-President, Finance and Chief Financial Officer. In this position, Ed was a member of the senior management team that executed the acquisition and integration of Aur by Teck Resources Ltd. in a takeover valued at $4.1 billion. Aur owned 76.5% of the Quebrada Blanca copper mine in Chile, 90% of the Andacollo copper mine and copper-gold deposit in Chile as well as 100% of the Duck Pond copper-zinc mine in Newfoundland.  Prior to working at Aur, Ed worked in the Toronto mining group of PricewaterhouseCoopers.

Since 2007, he has worked as a consultant in the resource industry and is currently a director of several publicly listed mining companies. Ed is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Arts in Administrative and Commercial Studies from the University of Western Ontario. 

Sierra Metals Chief Executive Officer, Audra Walsh commented: "On behalf of the Sierra Metals team and the Board of Directors, I am pleased to welcome Ed to our senior executive team. His experience in mining finance, operational accounting, and his familiarity with Latin America, along with his capital markets experience, will be an excellent fit as we continue to grow our business and develop our key assets.  We are delighted to have an executive with Ed's credentials on board as we execute the strategy defined by the company."

About Sierra Metals

Sierra Metals Inc. is a Canadian mining company focused on the production of precious and base metals from its Yauricocha Mine in Peru, its Bolivar Mine and Cusi Mine in Mexico. In addition, Sierra Metals is exploring several precious and base metal targets in Peru and Mexico. Projects in Peru include Adrico (gold), Victoria (copper-silver) and Ipillo (polymetallic) at the Yauricocha Property in the province of Yauyos and the San Miguelito gold properties in Northern Peru. Projects in Mexico include Bacerac (silver) in the state of Sonora and La Verde (gold) at the Batopilas Property in the state of Chihuahua.

The Company's shares trade on the Lima Stock Exchange (Bolsa de Valores de Lima) and on the TSX under the symbol "SMT".

SOURCE Sierra Metals Inc.