Sierra Metals

Primary ticker: NYSE:SMTS
Stage of development: Production
Primary minerals: Copper, Gold, Lead, Silver, Zinc
Project to promote: Yauricocha, Bolivar & Cusi

Live financials

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

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.

Mike McAllister, VP, Corporate Development

Mr. McAllister has 13 years of experience working with public mining companies, the last 8 as a mining specialized investor relations professional. He previously worked for Avion Gold (which was Acquired by Endeavour Mining), Savary Gold, Alder Resources and Black Iron in their Investor Relations and Corporate Development programs. Previously Mr. McAllister worked at BMO Capital Markets in the Metals & Mining Group.

What is your rationale for attending 121 Mining Investment?

Sierra Metals is attending London 121 to gain exposure to investors and to share our exciting growth and development stories of the past year as well as our goals and growth prospects in the coming years.

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

– Recent production increases and next steps toward our staged increases across all 3 mines
– Porphyry mineralization discovery at Yauricocha
– 2019 Capital Expenditures

What are your key goals for the next 3, 6 and 12 months?

3 Months

To have reached 1200 TPD at Cusi.

6 Months

Drilling programs to have commenced and/or been completed to provide updated NI 43 101 studies across all 3 properties.

12 Months

To reach 4200 TPD at Bolivar by the end of the Q4-2019.
To reach 2400 TPD at Cusi by the end of the Q4-2019.
To reach 3,600 TPD at Yauricocha in Q1-2020.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Lack of liquidity – we continue to address this by seeking investor support through our marketing efforts and campaigns.

In a sentence, what do you think makes your company such a compelling investment?

Sierra Metals offers a unique opportunity to investors, offering exposure to 5 different metals in the precious and base metals categories. The company’s focus on low risk organic growth, its strong balance sheet and its cash position (with no requirement for financing to pay expenditures and growth projects) provide an attractive long term investment. Sierra Metals is significantly undervalued and has a stable performance relative to its peers.