Sierra Metals

Primary ticker: TSX:SMT
Stage of development: Production
Primary minerals: Zinc, Copper, Lead, Silver, Gold
Project to promote: Yauricocha, Bolivar and Cusi

Live financials

Sierra Metals Inc. is 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.

Management Profile

Igor Gonzales – President & CEO

Mr. Gonzales has more than 35 years of experience in the mining industry, most recently he was COO at Buenaventura and prior to that was with Barrick Gold from 1998 to 2013 where he most recently held the position of Executive VP and COO. Prior to joining Barrick, he served in various roles with Southern Peru Copper.

What is your rationale for attending 121 Mining Investment?

Sierra Metals is looking to meet with current investors to provide an update and for exposure to new investors. While there are no plans for a raise, as Sierra Metals is cash-flow positive and using cash flows for growth projects, we feel the stock is undervalued and presents significant upside potential to investors.

What recent news would you like to highlight to investors attending?

Sierra Metals achieved record consolidated equivalent metal production and ore throughput at 9M-2019. The Company has delivered on its production increases at its mines in Mexico, surpassing initial throughput goals of 4,000 at Bolivar, and now aiming to hit 4,250 TPD in Q4. At Cusi, the Company is approaching its 2019 target of 1,200 TPD.