Last C$1.50 CAD
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Volume 31.6K
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sierra metals inc (SMT) Snapshot

Open
C$1.50
Previous Close
C$1.46
Day High
C$1.50
Day Low
C$1.49
52 Week High
12/22/14 - C$2.13
52 Week Low
01/23/15 - C$1.29
Market Cap
239.5M
Average Volume 10 Days
8.6K
EPS TTM
C$0.36
Shares Outstanding
159.6M
EX-Date
04/8/14
P/E TM
4.1x
Dividend
C$0.02
Dividend Yield
1.40%
Current Stock Chart for SIERRA METALS INC (SMT)

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sierra metals inc (SMT) Details

Sierra Metals Inc. is engaged in acquisition, exploration, extraction, production, and commercialization of mineral concentrates containing silver, copper, lead, zinc, and gold in Mexico and Peru. The company primarily holds an 81.84% interest in the polymetallic Yauricocha mine covering 18,778 hectares located in the Yauyos province in western central Peru; a 100% interest in the Bolivar mine comprising 12 mining concessions covering approximately 6,616 hectares located in the Piedras Verdes mining district of Chihuahua, Mexico; and a 100% interest in the Cusi mine with 73 concessions covering 11,977 hectares located in the Chihuahua State, Mexico. It also holds interests in the land packages, including Arechuyvo, Batopilas, Maguarichic, Moris, Oribo, Bacerac, Zacatecas, and East Durango properties covering approximately 230,000 hectares located in the Cusi Silver mining district of Mexico. The company was formerly known as Dia Bras Exploration Inc. and changed its name to Sierra Metals Inc. in December 2012. Sierra Metals Inc. was incorporated in 1996 and is headquartered in Vancouver, Canada.

Founded in 1996

sierra metals inc (SMT) Top Compensated Officers

Chief Commercial Officer
Total Annual Compensation: $203.6K
General Manager of Dia Bras Mexicana S.A. De ...
Total Annual Compensation: $300.0K
General Manager of Sociedad Minera Corona S.A...
Total Annual Compensation: $291.4K
Compensation as of Fiscal Year 2013.

sierra metals inc (SMT) Key Developments

Sierra Metals Inc. Reports Unaudited Earnings and Production Results for the Fourth Quarter and Full Year Ended December 31, 2014

Sierra Metals Inc. reported unaudited earnings and production results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue of $28,073,000 against $23,698,000 a year ago. Adjusted EBITDA was $12,686,000 against $9,033,000 a year ago. Cash flow from operations was $10,469,000 against $9,953,000 a year ago. Net income was $9,432,000 against $1,810,000 a year ago. The increase in adjusted EBITDA is mainly due to the increase in revenues and decrease in costs previously noted. The increase in revenues is the result of an increase in plant throughput of 6%, higher head grades for lead and copper, higher silver recoveries and an increase in lead and zinc prices during the year. For the full year, the company reported revenue of $119,027,000 against $106,175,000 a year ago. Adjusted EBITDA was $59,552,686,000 against $47,234,000 a year ago. Cash flow from operations was $47,788,000 against $17,703,000 a year ago. Net income was $30,798,000 against $16,715,000 a year ago. The increase in adjusted EBITDA is mainly due to the increase in revenues and decrease in costs previously noted. The increase in revenues is the result of an increase in plant throughput of 6%, higher head grades for lead and copper, higher silver recoveries and an increase in lead and zinc prices during the year. For the quarter, the company reported total tonnes processed of 224,986 against 214,454 a year ago. Silver production was 595,340 oz against 463,964 oz a year ago. Copper production was 2,304,000 lb against 1,167,000 lb a year ago. Lead production was 11,632,000 lb against 10,956,000 lb a year ago. Zinc production was 13,399,000 lb against 13,382,000 lb a year ago. Gold production was 1,360 oz against 1,665 oz a year ago. For the full year, the company reported total tonnes processed of 885,495 against 837,496 a year ago. Silver production was 2,121,565 oz against 1,866,769 oz a year ago. Copper production was 7,697,000 lb against 6,514,000 lb a year ago. Lead production was 46,714,000 lb against 37,055,000 lb a year ago. Zinc production was 54,256,000 lb against 50,815,000 lb a year ago. Gold production was 5,683 oz against 6,736 oz a year ago.

Sierra Metals Inc. Reports Consolidated Productions Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Production Guidance for the Year 2015

Sierra Metals Inc. reported consolidated productions results for the fourth quarter and full year ended December 31, 2014. Total silver production of 875,400 oz in the third quarter of 2014 compared to 653,705 oz for the same period in 2013. Total copper production of 5.908 million lb in the third quarter of 2014 compared to 4.819 million lb for the same period in 2013. Total lead production of 12.096 million lb in the third quarter of 2014 compared to 11.278 million lb for the same period in 2013. Total zinc production of 13.399 million lb in the third quarter of 2014 compared to 13.382 million lb for the same period in 2013. Total gold production of 2,329 oz in the third quarter of 2014 compared to 1,665 oz for the same period in 2013. Total silver production of 3,148,145 oz compared to 2,560,467 oz for the same period in 2013. Total copper production of 22.643 million lb compared to 15.905 million lb for the same period in 2013. Total lead production of 48.834 million lb in the first nine months of 2014 compared to 37.957 million lb for the same period in 2013. Total zinc production of 54.256 million lb in the first nine months of 2014 compared to 51.747 million lb for the same period in 2013. Total gold production of 9,457 oz in the first nine months of 2014 compared to 6,736 oz for the same period of 2013. The company provided production guidance for the year 2015. Silver production expected to be in the range of 3,144,000 oz to 3,668,000 oz. Copper production expected to be in the range of 21.0 million lb to 24.3 million lb. Lead production expected to be in the range of 44.3 million lb to 51.8 million lb. Zinc production expected to be in the range of 41.9 million lb to 48.9 million lb. Gold production expected to be in the range of 11,200 oz to 13,000 oz.

Sierra Metals Inc. Reports Results of Exploration and Development at Three Operating Mines

Sierra Metals Inc. announced the results of its successful exploration and development programs at its three operating mines during 2014. Yauricocha Mine, Peru: Mine Resource Expansion: Central Mine Area: Drilling under the Antacaca and Rosaura ore bodies has demonstrated that mineralization continues to the southeast as expected by the company's geologists. In addition, in-fill drilling in these areas has increased management's confidence level of the continuity of mineralization between drill holes. A total of 5,043 meters of drilling was completed on the Antacaca and Rosaura orebodies during 2014. The program was highly successful, with 10 of 11 holes drilled at Antacaca between Levels 970 and 1320 intersecting mineralization of potential ore grade and width, and similar success for all 9 holes drilled at Rosaura between Levels 970 and 1220. Drilling under the Antacaca Sur ore body is in progress to explore the body to Level 1370 before year end. An additional six holes are planned in 2015 on Level 920 to test for extension of mineralization to the southeast of the Antacaca Sur ore body. Cachi Cachi Mine: At Cachi Cachi, drilling has expanded mineralization to depth with a total of 3,057 meters drilled and 9 of 10 holes intersecting mineralization of potential ore grade and width. Western Chimneys: Geologic mapping in the area southwest of the Central Mine area has led to the discovery of five mineralized chimneys, that is solution breccias, within 400 meters of the mine. Three of these trend in an E-W direction and are believed to be controlled by a fault, while the other two are aligned parallel to stratigraphy. All five chimneys have been scraped and sampled in detail and two chimneys, Mascota Noroeste and Mascota Oeste Intermedio, have been tested by drilling. Two holes completed on Mascota Noroeste have returned the following results: MNM 1: 85.9 g/t Ag, 3.20% Pb and 7.18% Zn over 13.0 meters. MNM 2: 117.4 g/t Ag, 3.16% Pb and 6.31% Zn over 13.1 meters. Mascota Oeste Intermedio is the chimney discovered to date and has been exposed at surface over an area of 85 by 25 meters. Drilling has intersected multiple mineralized bodies as well as karst cavities, and has returned grades up to 181 g/t Ag and 10.60% Zn. Intersection widths presented for all the drill holes on the western chimneys are downhole core lengths; estimated true widths have yet to be determined. The western chimneys are geologically similar to the high-grade, Ag-Pb-Zn Mascota oxide ore body currently being mined in the Central Mine, which averages 200-300 g/t Ag, 6-10% Pb and 1-3% Zn. Lower silver, lead and zinc grades obtained from surface sampling and shallow drilling of the western chimneys compared to those currently being mined at depth on the Mascota body may be due to near surface secondary leaching. In addition, the discovery of the western chimneys has led to a new structural interpretation that indicates a possible 'mirror' pattern to mineralization in the area, such that another major area of mineralization similar to the Central Mine area could occur to the west-southwest of it. Detailed mapping followed by reconnaissance drilling based on this concept is planned for late 2015.

 

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