Sierra Metals Inc. today issues a statement in response to recent communications materials issued by its shareholder Arias Resource Capital , including a news release ARC issued on May 9, 2023 . The Company acknowledges that it has also seen the circular issued by ARC on May 12, 2023 and plans to consider the contents and respond in due course. The Company places a high value on the integrity of public disclosure, and as [...]
Sierra Metals Inc. announces the filing at the Lima Stock Exchange by its subsidiary, Sociedad Minera Corona S.A. of its unaudited Financial Statements and the Management's Discussion and Analysis for the first quarter of 2023 . 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 [...]
Slate to Oversee Turnaround and Restore Sierra Metals to its Former Track-Record of Prosperity and Value Creation Nomination comes from Sierra's largest shareholders as Sierra continues to underperform operationally, faces an unsolved financial crisis, and struggles to meet its debt obligations due to a significant drop in metals production combined with a significant increase in operating costs compared to prior years [...]
Sierra Metals Inc. today issues a statement in response to the news release issued by its shareholder Arias Resource Capital on May 1, 2023 . The Company welcomes input from its shareholders and regularly engages in constructive conversations. The ARC Proposal was the first time ARC had communicated a desire to elect a new slate of directors at the Company's upcoming annual and special shareholders meeting scheduled to [...]
Slate to Oversee Turnaround and Restore Sierra Metals to its Former Track-Record of Prosperity and Value Creation Nomination comes from Sierra's largest shareholders as Sierra continues to underperform operationally, faces an unsolved financial crisis, and struggles to meet its debt obligations due to a significant drop in metals production combined with a significant increase in operating costs compared to prior years [...]
Sierra Metals Inc. is pleased to announce first quarter 2023 production results from its three underground mines in Latin America: the Yauricocha polymetallic mine in Peru, the copper-producing Bolivar mine and the silver-producing Cusi mine in Mexico. All metals prices are reported in U.S. dollars. Ernesto Balarezo, Interim CEO of Sierra Metals, commented, "Production during the first quarter of the year indicates that [...]
Sierra Metals Inc. announced today that the Company, Banco de Credito del Peru and Banco Santander S.A. are engaged in advanced discussions on terms to refinance $18,750,000 of the $25,000,000 principal debt repayment obligations that are due in 2023 under the Company's senior secured credit facility. All figures in this news release are stated in U.S. dollars. The parties intend to formalize the refinancing contract [...]
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 fourth quarter and full-year 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 [...]
Sierra Metals Inc. reports fourth quarter and full year 2022 production results. Results are from Sierra Metals' three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, the copper-producing Bolivar mine and the silver-producing Cusi mine in Mexico. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230126005881/en/ Truck being loaded at [...]
Sierra Metals Inc. announced today the departure of Mr. Ed Guimaraes, the Chief Financial Officer of the Company, and the appointment of Mr. José Fernández-Baca as Interim CFO. Mr. Oscar Cabrera, Chair of the Board of Sierra Metals stated, "The Sierra Metals Board of Directors is pleased that Mr. Fernandez-Baca has agreed to serve as the Company's Interim CFO. His extensive experience in financial leadership positions in [...]
Sierra Metals Inc. announces that on December 13, 2022, the Peruvian Stock Market Superintendent issued Resolution Nº 087-2022-SMV/11.1. This confirms the removal of the Company's securities from the Stock Market Public Registry and approves the voluntary delisting of its common shares from the Lima Stock Exchange , effective December 15, 2022. Sierra Metals' common shares will continue to trade on the Toronto Stock [...]
Sierra Metals Inc. announced today the resignation of Mr. Luis Marchese as the Chief Executive Officer and a Director of the Company, and the appointment, effective immediately, of Mr. Ernesto Balarezo Valdez as Interim Chief Executive Officer to lead the Company during its current strategic review process. Mr. Balarezo will also join the Board of Directors of the Company. The previously announced strategic review process [...]
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