Sierra Metals

Primary ticker: TSX:SMT
Stage of development: Production
Commodity: Copper, Silver, Zinc, Lead, Gold
Project to promote: /

Live financials

Sierra Metals is a Canadian based growing base and precious mining company with production from its Yauricocha Mine in Peru, and it’s 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

Ed Guimaraes, CFO

Mr. Guimaraes has over 29 years of experience in the Mining business. He joined Sierra Metals as CFO in 2014. Before joining Sierra Metals, Mr. Guimaraes held progressive senior management positions with Aur Resources Inc. (Aur) between 1995 and 2007, ultimately serving as Executive Vice-President, Finance and Chief Financial Officer. Since 2007, Mr. Guimaraes has worked as a consultant in the resource industry and is currently a director of several publicly listed mining companies. He is a Chartered Professional Accountant (CPA, CA) and holds a Bachelor of Arts in Administrative and Commercial Studies from the University of Western Ontario.

What is your rationale for attending 121 Mining Investment?

Seek out new investors and raise investor awareness for the Company.

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

Feb 18, 2020 – Sierra Metals Reports Strong Q4-2019 Financial Results at Its Sociedad Minera Corona Subsidiary in Peru

Feb 6, 2020 – Sierra Metals Announces Settlement of Outstanding Polo Y Ron Litigation Related to the Bolivar Mine in Mexico

Feb 3, 2020 – Sierra Metals Announces Filing of NI 43-101 Technical Report on Reserves and Resources for the Yauricocha Mine in Peru

Jan 23, 2020 – Sierra Metals Reports Strong 2019 Production Results and Announces 2020 Guidance

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

3 Months:

Completion of 43-101 Technical Report for Bolivar Mine in Mexico and commence update of PEA to asses increase in mill throughput above current 5,000 tonne per day level

Results to Market for Recent Brownfield and Greenfield Drill programs

Q1 Production and Financial Results

6 Months:

Completion of 43-101 Technical Report for Cusi Mine in Mexico including a Maiden Reserve

Results to Market for Recent Brownfield and Greenfield Drill programs

12 Months:

Results to Market for Recent Brownfield and Greenfield Drill programs

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

Key Risk is COVID 19 and the associated lower metal prices. We need to remain focused on lowering costs, reducing Capex and making sure we keep a strong balance sheet to weather this event.

What do you think makes your company such a compelling investment?

Lower cost producer with exposure to both base and precious metals which has excellent production and resource growth potential.