Sierra Metals Inc. confirms that it has received further correspondence from Compania Minera Kolpa S.A. and Arias Resource Capital Management LP 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 [...]
Arias expresses concern for the Board of Sierra's apparent lack of urgency in solving Sierra's financial challenges Compañia Minera Kolpa , in conjunction with Arias Resource Capital and its affiliates , which are the largest shareholder of Sierra Metals Inc. , today announced the delivery of a new letter to the Board of Directors of Sierra [...]
Sierra Metals Inc. announces the filing at the BVL by its subsidiary, Sociedad Minera Corona S.A. of its unaudited Financial Statements and the Management's Discussion and Analysis for the third quarter of 2022 . The Company holds an 81.8% interest in Corona. The unaudited Financial Statements and MD&A can be viewed at: SMV -- Superintendencia del [...]
Sierra Metals Inc. confirms that it received an unsolicited, non-binding letter of intent following the close of business on October 27, 2022 from Compañia Minera Kolpa S.A. , among others. The LOI outlines indicative terms for a proposed: business combination of Kolpa and Sierra Metals; and concurrent financing by an investment firm . The LOI was [...]
Compañia Minera Kolpa , a polymetallic mining company in Peru, today announced that it delivered of a letter of intent to the board of directors of Sierra Metals Inc. 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 [...]
Sierra Metals Inc. reports third quarter 2022 production results and announces its decision to voluntarily delist its common shares from the New York Stock Exchange American and the Bolsa de Valores de Lima . Delisting is intended to reduce costs and simplify Sierra's administrative and compliance structure associated with these listings. The [...]
Sierra Metals Inc. announced today that a special committee comprised of its independent directors 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 [...]
Sierra Metals Inc. 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 [...]
Sierra Metals Inc. reports that an agreement has been reached with residents from the town of Alis following the blockade of the main access road to the Yauricocha Mine, operated by the Company's subsidiary, Sociedad Minera Corona. Efforts to ensure critical safety and maintenance have been ongoing at the mine throughout the blockade. The safety [...]
Sierra Metals Inc. reports that a group of residents from the nearby town of Alis have illegally blocked the main access road to the Yauricocha Mine, operated by the Company's subsidiary, Sociedad Minera Corona. Mine production continues to be suspended with activities limited to critical operations to ensure proper safety and maintenance. Sierra [...]
Sierra Metals Inc. regrets to report that at approximately 4:00 PM Lima Time on Sunday September 11, 2022, there was a mudslide incident at its underground Yauricocha Mine, located in Peru. As a result, three contractor employees lost their lives and one was injured. The safety and wellbeing of all employees and contractors is a major commitment [...]
Sierra Metals Inc. today reported revenue of $49.9 million, a 13% decline from Q1 2022 and a 37% decline from Q2 2021, and adjusted EBITDA of $1.4 million, a 91% decrease from Q1 2022 and a 97% decrease from Q2 2021, on throughput of 640,181 tonnes and metal production of 17.8 million copper equivalent pounds for the three-month period ended June [...]