Strong cash position and increasing cash flow
Sierra Metals owns and operates 3 base and precious metals producing mines in Latin America. Further, they have excellent resource growth potential and are well funded with a strong cash position and increasing cash flow.
In January 2013, Sierra Metals announced commercial production at the Cusi Mine in Mexico. In 2017, the Company executed an exploration drilling program focused on the high-grade Santa Rosa de Lima zone at the Cusi Mine. The results confirmed the existence of high-grade silver mineralization with step out drilling extending the zone even further. The Company is focused on completing access, development and production of the Santa Rosa de Lima zone. They’re also currently developing drifts to the mine in this area and campaigning development ore with improved head grades to the mill at Cusi.
Sierra is focused on expanding global reserves and resources in Peru and Mexico. Extensive brownfield exploration and development programs are underway to increase known reserves and resources within proximity to each mine. Additionally, broader regional targets are being explored to continue advancing the Company’s project pipeline towards production.
Sierra Metals continues to strive towards its objective of becoming Latin America’s premier low-cost precious and base metals producer. They are doing so by increasing its production profile, lowering costs and growing mineral reserves and resources.
More on Sierra Metals
Sierra Metals 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.
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