Sierra Metals Company Profile

Sierra Metals

Company Exposure


Company Listing

Cabral Gold

Stock Code


Company Overview

Sierra Metals Inc. is a Canadian based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and its Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new discoveries and still has additional brownfield exploration opportunities at all three mines in Peru and Mexico that are within or close proximity to the existing mines. Additionally, the Company has large land packages at all three mines with several prospective regional targets providing longer term exploration upside and mineral resource growth potential.


  • Strong Production & Reserve Growth
  • Consistent free cash flow
  • Diversified Production & Asset Base with Operating mines in two stable mining jurisdictions
  • Strong Balance Sheet and Solid Financial Position with High Liquidity and Strong Operating Cash Flows.
  • Profitable with Historic Low Cash Cost Production of Base and Precious Metals.
  • Leadership of Proven explorers, mine builders & operators
  • Core assets – Well Positioned for growth with three operations offering exceptional exploration potential for long mine life
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Share Price Performance


Igor Gonzales – President and Chief Executive Officer
Ed Guimaraes – Chief Financial Officer
Gordon Babcock  – Chief Operating Officer
Alonso Lujan – Vice President Exploration & General
Manager, Dia Bras Mexicana
Mike McAllister – Vice President, Corporate Development

Major Shareholders

Arias Resource Capital – 52%
BlackRock Inc. – 10%
Ingalls & Snyder – 5%
Omega Advisors – 3%
Board Management – 7%

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Projects Overview

3 Projects In 2 Countries

1. TPD is measured using the metric system. 2. Cash Flow from Operations before movements in working capital is a non-IFRS number and excludes the movement from period to period in working capital items including trade and other receivables, prepaid expenses, cash taxes paid, deposits, inventories, trade and other payables and the effects of foreign exchange rates on theseitems. Please see Appendix for reconciliation to comparable IFRS measure.3. Assumes 100% ownership of Yauricocha.


Yauricocha Mine

  • Developing new mining infrastructure at depth and to the North to increase production capacity and maximize operating efficiencies
  • Drilling planned in 2018 for resource expansion


Notes: Refer to Announcement 11/13/2017 Sierra Metals Announces Filing Of NI 43-101 Technical Report On The Yauricocha Mine In Peru.


2017 Production

  • Processed 1,023,491 tonnes during 2017, representing a 14% increase from 2016
  • Processed 254,933 tonnes in Q4 2017, representing an 8% increase compared to Q4 2016
  • Higher metal production was driven by increased throughput, higher copper and zinc head grades, and higher recoveries of all metals, except gold

Year over Year Production: 2017 – 2016

  • ZnEq. production was 4% higher
  • Copper Production was 87% higher
  • Zinc production 37% higher. This was offset by a 10% decrease in silver production, a 23% decrease in lead production and a 38% decrease in gold production from 2016



Bolivar Mine

  • Updated NI 43-101 reserve and resource estimate dated April 6, 2017 identified 4.3 Mt of proven and probable reserves at Bolivar
  • Production currently at 3000 tpd; expansion planned to increase to approximately 3,500 tpd in 2018
  • Ongoing drilling plans to continue in 2018 for resource expansion, increasing grade for mill feed


2017 Production

  • Processed 887,237 tonnes during 2017, representing a 7% decrease from 2016
  • Processed a total of 226,986 tonnes in Q4 2017, representing a 7% decrease compared to Q4 2016
  • The decrease in throughput was due to the lack of availability of equipment required to mine current production stopes and minable ore zones, as well as a lack of development within the mine. Back on track in 2018 as operational improvements take hold

Cusi Mine

  • Updated NI 43-101 resource estimate dated February 12, 2018 identified 4.6 Mt of Measured and Indicated Resources and 1.6 Mt of Inferred Resources – 129% increase to the measured and indicated; 36% increase in inferred tonnage since the last update in January, 2017
  • The discovery of high quality tonnage at the Cusi mine shows strong potential for production increases going forward
  • Drilling planned in 2018 for resource expansion, upgrading and exploration


2017 Production

  • Processed 88,011 tonnes during 2017, representing a 53% decrease from 2016 Processed a total of 16,280 tonnes in Q4 2017, representing a 55% decrease compared to Q4 2016
  • The decrease in metal production was due to the Company refocusing its efforts away from the existing structure to the recently discovered Santa Rose de Lima structure which is wider and has higher silver grades. The Company remains focused on the development of the Santa Rosa de Lima zone and improved throughput in 2018

Contact Details



PHONE: +1 866 493 9646

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