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Last C$1.00 CAD
Change Today 0.00 / 0.00%
Volume 7.9K
SMT On Other Exchanges
Symbol
Exchange
Toronto
Frankfurt
As of 4:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

sierra metals inc (SMT) Snapshot

Open
C$1.19
Previous Close
C$1.00
Day High
C$1.19
Day Low
C$1.00
52 Week High
12/22/14 - C$2.13
52 Week Low
08/12/15 - C$0.84
Market Cap
161.1M
Average Volume 10 Days
14.7K
EPS TTM
C$0.04
Shares Outstanding
161.1M
EX-Date
04/8/14
P/E TM
25.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for SIERRA METALS INC (SMT)

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sierra metals inc (SMT) Details

Sierra Metals Inc. engages in acquisition, exploration, extraction, production, and commercialization of mineral concentrates containing silver, copper, lead, zinc, and gold. The company has 3 producing mining properties that include the Yauricocha mine covering 18,778 hectares located in the Yauyos province in western central Peru; the Bolivar mine comprising 12 mining concessions covering approximately 6,616 hectares located in the Piedras Verdes mining district of Chihuahua, Mexico; and the Cusi mine with 73 concessions covering 11,977 hectares located in the Chihuahua State, Mexico. It also has various exploration projects in Mexico and Peru. 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 Toronto, Canada.

838 Employees
Last Reported Date: 03/26/15
Founded in 1996

sierra metals inc (SMT) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $34.9K
Chief Commercial Officer
Total Annual Compensation: $323.7K
General Manager of Sociedad Minera Corona S.A...
Total Annual Compensation: $309.4K
General Manager of Dia Bras Mexicana S.A. De ...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2014.

sierra metals inc (SMT) Key Developments

Sierra Metals Inc. Announces Unaudited Earnings Results for the Second Quarter Ended June 30, 2015; Provides Operating Guidance for the Full Year of Fiscal 2015

Sierra Metals Inc. announced unaudited earnings results for the second quarter ended June 30, 2015. For the quarter, the company announced revenues of $45,867,000 compared to $45,578,000 for the same period a year ago. Adjusted EBITDA was $18,249,000 compared to $21,340,000 for the same period a year ago. Operating cash flows before movements in working capital was $18,796,000 compared to $21,249,000 for the same period a year ago. Adjusted net income attributable to shareholders was $7,274,000 compared to $9,466,000 for the same period a year ago. Net income attributable to shareholders of the company was $1,209,000 compared to $2,382,000 for the same period a year ago. Adjusted EPS was $0.04 compared to $0.06 for the same period a year ago. The decrease in net income is due to the decrease in metal prices previously discussed, an increase in operating costs, general and administrative costs and income tax expense in present quarter compared to previous year same quarter. The decrease in adjusted EBITDA is due to the decrease in metal prices and the increase in operating and general and administrative costs. Cash flow generated from operations before movements in working capital was $18.8 million compared to $21.3 million in previous year same quarter. Capital expenditures were $11.9 million. For the six months, the company announced revenues of $80,607,000 compared to $87,252,000 for the same period a year ago. Adjusted EBITDA was $32,239,000 compared to $38,520,000 for the same period a year ago. Operating cash flows before movements in working capital was $33,461,000 compared to $38,692,000 for the same period a year ago. Adjusted net income attributable to shareholders was $11,353,000 compared to $16,626,000 for the same period a year ago. Net income attributable to shareholders of the company was $542,000 compared to $4,469,000 for the same period a year ago. Adjusted EPS was $0.07 compared to $0.11 for the same period a year ago. Capital expenditures were $20.2 million. The company provided operating guidance for the full year of fiscal 2015. For the year, the company expects production of ore processed between 1,805,000 tonnes million and 2,105,000 tonnes milled, Silver between 3,144,000 ounces and 3,668,000 ounces, Copper between 21,000,000 pounds and 24,300,000 pounds, Lead between 44,300,000 pounds and 51,800,000 pounds, Zinc between 41,900,000 pounds and 48,900,000 pounds, Gold between 11,200 ounces and 13,000 ounces, Silver equivalent between 10,800,000 ounces and 12,600,000 ounces, Copper equivalent between 72,000,000 pounds and 84,000,000 pounds. Capital expenditures expected between $30.0 million and $40.0 million.

Sierra Metals Successfully Refinances $48 Million Corona Acquisition Credit Facility Providing the Company with Increased Financial Flexibility

Sierra Metals Inc. announced that the remaining $48 million due on the Corona Acquisition Credit Facility with Banco de Credito del Peru ("BCP") has been successfully refinanced effective August 7, 2015. The most significant amendments to the facility are as follows: The remaining $48 million due on the facility is split into 2 tranches; Tranche 1, in the amount of $24M has quarterly principal repayments of $1.25M beginning in November 2016 and ending in August 2020; Tranche 2, in the amount of $24M has no quarterly principal repayments and to be repaid in full in August 2020; One year principal repayment grace period; Reduced Interest rate equal to 3.65% plus 3M LIBOR vs previous rate of 4.15% plus 3M LIBOR; Term of the Facility extended for 5 Years. The cost of this restructuring was $0.36 million equal to 0.75% of the restructured loan amount.

Sierra Metals Inc. Appoints Gordon Babcock as Chief Operating Officer

Sierra Metals Inc. announced that the company has appointed Mr. Gordon Babcock as chief operating officer effective July 13, 2015. Mr. Babcock is a second generation professional mining engineer with over 34 years of experience in mine production management, project development, engineering, exploration and mine consulting in precious, base metals and aggregate operations in the Americas. He was most recently COO at Jaguar Mining and has previously worked for Nyrstar, Breakwater Resources, Coeur Mining Inc., Milpo, The Hochschild group in Peru, Muscocho Explorations, and The Noranda Group. Gordon holds a degree in Mining Engineering from Queen's University and is an active member of the Association of Professional Engineers of Ontario, CIM and AIME.

 

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Valuation SMT Industry Range
Price/Earnings 23.3x
Price/Sales 0.8x
Price/Book 0.6x
Price/Cash Flow 2.4x
TEV/Sales NM Not Meaningful
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