Allowed 20% Extra Throughput At Yauricocha Mine
Sierra Metals Inc. (TSX: SMT) has received a permit from the Peruvian Ministry of Energy and Mines for the construction and operation at a capacity of 3,600 tonnes per day (TPD) at the Yauricocha Mine in Peru.
“I am delighted with the receipt of the ITM permit,” CEO, Luis Marchese, said. “The company may now increase throughput at Yauricocha to 3,600 TPD which represents a 20% increase in throughput. Today’s news will further support the company in achieving its annual production guidance.
“Additionally, we continue focusing on the completion of the Prefeasibility Study at Yauricocha, which examines increasing throughput to 5,500 TPD starting in 2024, as well as on the Prefeasibility Studies for our Mexican operations.
“2021 continues to be an exciting year for the Company as we continue with organic growth plans including significant brownfield and greenfield exploration programs to support future mineral resource and production growth.
“Management also continues to focus on improving and modernising our mine operations, increasing operating efficiencies to improve productivity and reduce costs.”
Sierra Metals is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru,and Bolivar and Cusi Mines in Mexico.
For further information please visit: https://www.sierrametals.com/
