Annonce • Jul 30
Sierra Metals Inc. Announces Election of Board of Directors Sierra Metals Inc. announced that at its AGM held on July 29, 2025, shareholders approved the election of Alpayana’s nominees, being Fernando Arrieta, José Cúneo and Dustin Perry,to the company’s board of directors. Annonce • May 29
Sierra Metals Inc., Annual General Meeting, Jun 30, 2025 Sierra Metals Inc., Annual General Meeting, Jun 30, 2025. Recent Insider Transactions • May 18
CFO & Investor Relations recently sold CA$467k worth of stock On the 16th of May, Jean Pierre Del Rio sold around 409k shares on-market at roughly CA$1.14 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jean Pierre's only on-market trade for the last 12 months. Reported Earnings • May 09
First quarter 2025 earnings released: EPS: US$0.037 (vs US$0.01 in 1Q 2024) First quarter 2025 results: EPS: US$0.037 (up from US$0.01 in 1Q 2024). Revenue: US$86.1m (up 36% from 1Q 2024). Net income: US$7.94m (up 292% from 1Q 2024). Profit margin: 9.2% (up from 3.2% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 23
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to CA$1.09, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 14x in the Metals and Mining industry in Canada. Total loss to shareholders of 3.5% over the past three years. Annonce • Apr 16
Sierra Metals Inc. to Report Q1, 2025 Results on May 14, 2025 Sierra Metals Inc. announced that they will report Q1, 2025 results After-Market on May 14, 2025 Reported Earnings • Mar 27
Full year 2024 earnings released: EPS: US$0.089 (vs US$0.038 loss in FY 2023) Full year 2024 results: EPS: US$0.089 (up from US$0.038 loss in FY 2023). Revenue: US$272.6m (up 19% from FY 2023). Net income: US$18.8m (up US$25.4m from FY 2023). Profit margin: 6.9% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Production and reserves: Gold Proved and probable reserves (ore): 11.93 Mt Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Board Change • Mar 26
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Chairman of the Board Miguel Aramburu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Mar 14
Sierra Metals Inc. to Report Q4, 2024 Results on Mar 26, 2025 Sierra Metals Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Mar 26, 2025 Annonce • Jan 21
Sierra Metals Announces Drill Results from Its Bolivar Mine in Mexico Sierra Metals Inc. reported drill results for the 2024 drill program in the Marian Zone at the Company’s Bolivar Mine in Mexico. Marian is a mineralized ore body or “feeder zone” that trends in a northeast – southwest direction with a 67° dip to the southeast. It is located northwest of the Cieneguita Manto Zone, cutting carbonate rocks previously affected by calc-silicate metasomatism. The width of mineralization varies between 9 m and 26.4 m, with copper grades directly correlated to the presence of chalcopyrite, lesser bornite, and pyrite. Drill hole DB24BM958, at elevation of 1,200 m, is the deepest, and shows the potential of going additional 600 m at depth with the structure open laterally and verticallyAll sampling was conducted under the supervision of the Company's geologists, adhering to industry best practices. Drill core samples were split on-site, with one half sent to ALS Chemex de México, a certified laboratory, for preparation and assay, while the other half was retained for reference purposes. Only the samples of DB24BM936 were sent to the Piedras Verdes laboratory at the mine. Annonce • Jan 15
Sierra Metals Inc. Provides Production Guidance for the Full Year of 2025 Sierra Metals Inc. provides production guidance for the full year of 2025. For the period, the company expects production of copper to be 44,600,000 lbs to 48,500,000 lbs. The production of Zinc to be 53,600,000 lbs to 58,400,000 lbs. The production of silver to be 1,900,000 oz to 2,060,000 oz. The production of gold to be 10,200,000 oz to 11,100,000 oz. The production of lead to be 13,700,000 lbs to 15,000,000 lbs. Annonce • Dec 18
Alpayana S.A. proposed to acquire Sierra Metals Inc. (TSX:SMT) for approximately CAD 180 million. Alpayana S.A. proposed to acquire Sierra Metals Inc. (TSX:SMT) for approximately CAD 180 million on December 16, 2024. Alpayana intends to commence an all-cash takeover bid to acquire all of the issued and outstanding common shares of Sierra at a price of CAD 0.85 per Common Share. Alpayana intends to make the Offer directly to the shareholders of Sierra. The Board has formed a Special Committee of independent directors to advise the Board in relation to the Alpayana announcement.
The transaction is subject to (i) there having been validly deposited under the Offer and not withdrawn that number of Common Shares, representing more than 50% of the outstanding Common Shares; (ii) there having been validly deposited under the Offer and not withdrawn that number of Common Shares, representing at least 66 2/3% of the outstanding Common Share; and (iii) certain government and regulatory approvals having been obtained. The Offer is not subject to any due diligence, financing or Alpayana or Offeror shareholder approval conditions.
McCarthy Tétrault LLP is acting as Canadian legal counsel to Alpayana. Rebaza, Alcázar & De Las Casas is acting as Peruvian legal counsel and Creel, García-Cuéllar, Aiza y Enriquez, S.C. is acting as Mexican legal counsel to Alpayana. Shorecrest Group is acting as the Depositary and Information Agent to Alpayana in respect of the Offer. LXG Capital is acting as the sole financial advisor to Alpayana. Price Target Changed • Dec 15
Price target increased by 29% to CA$1.10 Up from CA$0.85, the current price target is provided by 1 analyst. New target price is 43% above last closing price of CA$0.77. Stock is up 6.9% over the past year. The company is forecast to post earnings per share of US$0.067 next year compared to a net loss per share of US$0.038 last year. Board Change • Dec 15
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. No experienced directors. No highly experienced directors. Independent Chairman of the Board Miguel Aramburu is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annonce • Jul 20
SILVERCO MINING CORP completed the acquisition of CUSI PROJECT IN MEXICO from Sierra Metals Inc. (TSX:SMT) for $2.5 million. SILVERCO MINING CORP entered into a binding agreement to acquire CUSI PROJECT IN MEXICO from Sierra Metals Inc. (TSX:SMT) for $2.5 million on May 22, 2024. As a part of consideration, SILVERCO MINING CORP will pay $2.5 million in cash consideration at closing and a 2.0% net smelter royalty in respect of the Cusi Mine granted in favor of Sierra Metals. SMC will have the right to purchase half of the Royalty (being 1.0%) at any time in exchange for a cash payment to Sierra Metals of $5 million. The Transaction is subject to entering into a definitive agreement in respect of the transaction and the satisfaction or waiver of all conditions thereunder and the receipt of any applicable regulatory approvals and is expected to complete in the second quarter of 2024. SCP Resource Finance LP acted as a financial advisor and Mintz LLP and RB Abogados acted as legal advisors to Sierra Metals Inc.
SILVERCO MINING CORP completed the acquisition of CUSI PROJECT IN MEXICO from Sierra Metals Inc. (TSX:SMT) on July 19, 2024. Annonce • Jul 13
Sierra Metals Inc. to Report Q2, 2024 Results on Aug 09, 2024 Sierra Metals Inc. announced that they will report Q2, 2024 results After-Market on Aug 09, 2024 Annonce • Jul 12
Sierra Metals Inc. Reaffirms Production Guidance for the Year 2024 Sierra Metals Inc. reaffirmed production guidance for the year 2024. Based on first half-2024 performance and expected production in second half-2024, Sierra Metals reaffirms 2024 annual guidance. Annonce • Jun 29
Sierra Metals Inc. Announces Chief Financial Officer Changes Sierra Metals Inc. announced the appointment of Jean Pierre Fort to the position of Chief Financial Officer, effective July 1, 2024. Mr. Fort will succeed Jose Fernandez-Baca who is retiring from the Company effective June 30, 2024. Mr. Fort brings more than a decade of financial and operational experience as Sierra Metals' incoming CFO. He joined Sierra Metals in 2023 as head of business development and corporate finance. Previously, he was chief financial officer and head of corporate development at Silver Mountain Resources Inc., where he was instrumental in leading a successful initial public offering, multiple private placements and cost reduction initiatives while establishing the company's capital markets strategy. Prior to that, he was an associate in the mining and metals investment banking team at RBC Capital Markets in Toronto and worked in finance, investor relations, and supply chain operations at Volcan Compañia Minera, a Peruvian-based precious and base metals producer. Mr. Fort holds a Bachelor in Business Administration from Universidad de Lima in Peru and a Masters of Business Administration from the Rotman School of Management at the University of Toronto. Annonce • Jun 26
Sierra Metals Inc. Announces Board Changes Sierra Metals Inc. at its annual general meeting of shareholders held on June 25, 2024, approved the election of Roberto Maldonado to the Company's board of directors. Mr. Douglas Cater received less than 50% of votes cast in favour of his re-election and has resigned from the Board with immediate effect in accordance with the majority voting provisions of the Canada Business Corporations Act. Mr. Oscar Cabrera and Mr. Carlos Santa Cruz had both previously announced their intentions to retire from the Board and did not stand for re-election at this year's Meeting. Mr. Roberto Maldonado has over 35 years of professional experience in the mining sector, currently serving as the General Manager of Agnitia Consultores SAC in Peru. He previously held the position of Chief Operating Officer (2008-2017) at Volcan Compañía Minera and was responsible for five mining operations including supporting activities such as administration, human resources management, procurement management, control of contracts, appraisals, inventory control, safety, and environmental systems. Mr. Maldonado holds a masters in Mineral Engineering Management from The Pennsylvania State University and obtained his Mining Engineering degree from the National University of Engineering (Universidad Nacional de Ingeniería). Annonce • May 15
Sierra Metals Inc. Provides Production Guidance for the Year 2024 Sierra Metals Inc. provided production guidance for the year 2024. For the year, the company expects Copper production to be in the range of 37,500,000 lbs to 43,300,000 lbs. Zinc production to be in the range of 38,600,000 lbs to 44,500,000 lbs. silver production to be in the range of 1,500,000 oz to 1,750,000 oz. Gold production to be in the range of 10,100 oz to 11,600 oz. Lead production to be in the range of 10,200,000 lbs to 11,800,000 lbs. Annonce • May 08
Sierra Metals Inc. Announces an Updated NI 43-101 Mineral Reserve and Resource Estimates for its Yauricocha and Bolivar Mines Sierra Metals Inc. announced the updated results for its National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant Mineral Resource and Reserve Estimates (“MRE”) for its Yauricocha Mine in Peru and its Bolivar Mine in Mexico. Mineral resources are inclusive of mineral reserves. Assumes 347 operating days per year at full plant capacity, assuming 1.5 days per month of maintenance works. Assumes throughput rates of 3,600 tpd. Assumes throughput rates of 5,000 tpd. At Bolivar, the Company replaced and increased mineral resources mined in 2023 and with over 8,000 meters of mine development planned in 2024, expects to continue to replace mineral resources mined through exploration activities. At Yauricocha, mine development is currently underway below the 1120 level and expects to achieve full production by Fourth Quarter 2024. The Company expects to replace and increase minerals resources once it begins mining activities in that portion of the ore body with systematic infill drilling efforts. Annonce • May 05
Sierra Metals Inc., Annual General Meeting, Jun 25, 2024 Sierra Metals Inc., Annual General Meeting, Jun 25, 2024. Annonce • Apr 20
Sierra Metals Inc. to Report Q1, 2024 Results on May 13, 2024 Sierra Metals Inc. announced that they will report Q1, 2024 results Pre-Market on May 13, 2024 Annonce • Nov 15
Sierra Metals Inc. Provides Production Guidance for the Fiscal Year 2023 Sierra Metals Inc. provided production guidance for the fiscal year 2023. The company is on-track to meet its 2023 production guidance as previously announced on August 14, 2023. For the period, the company now expects silver production to be in the range of 1,500,000 oz to 1,700,000 oz. Copper production to be in the range of 37,300,000 lbs to 42,400,000 lbs. Lead production to be in the range of 14,000,000 lbs to 15,400,000 lbs. Zinc production to be in the range of 46,000,000 lbs to 50,500,000 lbs. Gold production to be in the range of 13,500 oz to 15,400 oz. Annonce • Oct 20
Sierra Metals Inc. to Report Q3, 2023 Results on Nov 13, 2023 Sierra Metals Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 13, 2023 Annonce • Oct 15
Sierra Metals Inc. announced that it expects to receive CAD 16.380796 million in funding Sierra Metals Inc. announced a non-brokered private placement of 43,107,360 common shares at a price of CAD 0.38 per unit for the gross proceeds of CAD 16,380,796.80 on October 13, 2023.
On the same date, the company issued 33,781,930 common shares at a price of CAD 0.38 per unit for the gross proceeds of CAD 12,837,133.40 in its first tranche closing. Common shares issued pursuant to the private placement will be subject to a statutory hold period. Annonce • Aug 23
Sierra Metals Inc. Announces Mineral Resource Expansion At Bolivar Mine in Mexico Sierra Metals Inc. after systematic drilling in 2023, announced additional 15.5 million copper equivalent pounds in measured and indicated mineral resources hosted by the Dulce structure at its Bolivar mine in Mexico. The results reported include 52 drill holes from a total of 91 holes in the 2023 drill program, which increases the mineral resources when compared to those reported in the 2021 preliminary economic assessment ("PEA"). By including these new bore holes in the evaluation, the dimensions of the mineralized ore body are now extended by approximately an additional 400m, along strike by 300m vertically. The recent results in the enlarged mineralized zone, now has higher copper ("Cu") and gold ("Au") grades in comparison to average grades published in 2022 (833,058 tonnes @ 0.74 % Cu, 0.36 grams per tonne ("g/t") Au, 26.03 g/t silver ("Ag"). Additional drilling is planned for the coming months. The mineralized body or "feeder zone" called Dulce strikes in a northeast - southwest trend with a 60° dip to the northwest. Its vertical projection extends from surface downwards until connecting with the mantos Bolivar NW and Cieneguita. Spatially, the Dulce zone is located between the mentioned manto bodies Bolivar NW and Cieneguita, cutting carbonate rocks previously affected by calc-silicate metasomatism. The width of mineralization varies between 0.50m and 57.30m, with the best skarn development occurring at the contact with the mantos. Copper and gold grades are directly correlated to the presence of chalcopyrite, lesser bornite, and pyrite. In addition, significant amounts of sphalerite and minor galena are present. Annonce • Aug 22
Sierra Metals Inc. Appoints Ms. Wendy Kaufman to Its Board of Directors as an Independent Non-Executive Director Sierra Metals Inc. announced the appointment of Ms. Wendy Kaufman to its board of directors as an independent non-executive director, effective August 21, 2023. Ms. Kaufman is a senior financial executive and corporate director with over 25 years of experience leading junior and mid-tier publicly traded companies, largely in the resource sector. She currently serves as Chief Financial Officer of Canada Nickel Company Inc. which is focused on the development and financing of a large-scale nickel deposit in Canada and is a member of the Board of Directors and Audit Committee of BZAM Ltd. and ADAPT. Previous to Canada Nickel, she served as Chief Financial Officer of Pasinex Resources Limited and Primero Mining Corporation and was Vice President, Finance and Treasury at Inmet Mining Corporation. Ms. Kaufman brings extensive knowledge in the areas of liquidity, capital structuring, financial management and planning and corporate governance geared to support growth strategies. She also has expertise in public company accounting and reporting, corporate strategy, capital markets, acquisitions and integration. Ms. Kaufman is a CPA, CA and holds a Bachelor of Business Administration from Wilfrid Laurier University. Annonce • Aug 15
Sierra Metals Inc. Provides Production Guidance for the Fiscal Year 2023 Sierra Metals Inc. provided production guidance for the fiscal year 2023. For the period, the company now expects silver production to be in the range of 1,500,000 oz to 1,700,000 oz. Copper production to be in the range of 37,300,000 lbs to 42,400,000 lbs. Lead production to be in the range of 14,000,000 lbs to 15,400,000 lbs. Zinc production to be in the range of 46,000,000 lbs to 50,500,000 lbs. Gold production to be in the range of 13,500 oz to 15,400 oz. Annonce • Jul 26
Sierra Metals Inc. to Report Q2, 2023 Results on Aug 14, 2023 Sierra Metals Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 14, 2023 Annonce • Jun 29
Sierra Metals Inc. Announces Board Changes Sierra Metals Inc. announced at Beatriz Orrantia annual and special meeting of shareholders held on June 28, 2023, the shareholders elected Beatriz Orrantia to the company's board of directors. Koko Yamamoto did not stand for re-election at the Meeting. Annonce • May 13
Arias Resource Capital Solicits Proxies from Shareholders of Sierra Metals On May 12, 2023, Arias Resource Capital Management LP announced that it has issued a statement with shareholders of Sierra Metals Inc, stating that the Company has publicly announced that its annual general and special meeting of shareholders will be held on June 28, 2023, but it has not yet issued its formal notice of meeting, management information circular and other proxy materials, accordingly Arias Resource Capital has prepared and filed a Circular in order to allow it to have discussions with shareholders regarding its nominees J Alberto Arias, Derek White, Daniel Tellechea, Ricardo Arrarte, and Alonso Checa, for election to Company’s board of directors in compliance with the solicitation requirements under applicable Canadian corporate and securities laws. In addition, Arias Resource Capital stated that it intends to file a proxy statement for use at the meeting. Annonce • May 10
Arias Resource Capital Provides Information to Shareholders On May 9, 2023, Arias Resource Capital announced it has launched ProtectYourSierraInvestment.com to highlight the urgent case for change at Sierra Metals Inc. and the need for a major reconstitution of the board of directors. In addition, Arias Resource Capital stated that regardless of any statements made by the Company, the facts are indisputable as is the urgent need for change at Sierra and encouraged shareholders to visit the website for important updates ahead of the Company’s pivotal shareholder meeting. Annonce • Feb 17
Sierra Metals Inc. to Report Q4, 2022 Results on Mar 13, 2023 Sierra Metals Inc. announced that they will report Q4, 2022 results on Mar 13, 2023 Annonce • Jan 17
Sierra Metals Inc. Announces Chief Financial Officer Changes Sierra Metals Inc. announced the departure of Mr. Ed Guimaraes, the Chief Financial Officer of the Company, and the appointment of Mr. José Fernández-Baca as Interim CFO. Mr. Fernandez-Baca has a degree in Economics from the Universidad del Pacifico, Lima-Peru, and an MBA from Northern Illinois University. He also has advanced executive program certifications from Northwestern, INCAE, Cambridge, and the Universidad de Piura, among others. Annonce • Dec 15
Sierra Metals to Complete Voluntary Delisting from BVL Sierra Metals Inc. (“Sierra Metals” or the “Company”) announced that on December 13, 2022, the Peruvian Stock Market Superintendent (SMV) issued Resolution Nº 087-2022-SMV/11.1. This confirms the removal of the Company’s securities from the Stock Market Public Registry and approves the voluntary delisting of its common shares from the Lima Stock Exchange (BVL), effective December 15, 2022. Sierra Metals’ common shares will continue to trade on the Toronto Stock Exchange. Annonce • Nov 16
Sierra Metals Inc. Suspends Earnings and Production Guidance for 2022 Sierra Metals Inc. announced that In addition to the delays in the anticipated turnaround at the Bolivar mine due to the unexpected flooding in the Bolivar NW zone during the quarter, the Company also experienced production delays at the Yauricocha mine as a result of the mudslide incident and next community blockade in September. Although mining restarted in parts of Yauricocha in October, the Company is following due assurance processes to ensure safe operations in the remaining sections of the mine. In view of these delays, the Company has suspended its production and financial guidance for 2022. Annonce • Nov 15
Sierra Metals Inc. Announces Impairment Charges for the Third Quarter Ended September 30, 2022 Sierra Metals Inc. announced impairment charges for the third quarter ended September 30, 2022. For the quarter, the company reported Impairment charges was $32,000. Annonce • Oct 28
Sierra Metals Inc. (TSX:SMT) entered into letter of intent to acquire Compañía Minera Kolpa S.A. Sierra Metals Inc. (TSX:SMT) entered into letter of intent to acquire Compañía Minera Kolpa S.A. on October 27, 2022. The transaction is subject to customary closing conditions. Annonce • Oct 27
Sierra Metals Announces Voluntary Delisting from NYSE American and BVL Stock Exchanges Sierra Metals Inc. will notify the U.S. Securities and Exchange Commission (the “SEC”) and the National Commission on the Supervision of Companies and Securities of its withdrawal of the common shares from listing on the NYSE and BVL, respectively. The Company decided to pursue the voluntary de-listings after concluding that the disadvantages of maintaining its listing on the NYSE and the BVL outweighed the benefits to the Company and its shareholders. It was determined that a delisting will simplify Sierra’s administrative and compliance structure and reduce costs associated with the listing fees. The decision to voluntarily delist the common shares from the NYSE and BVL will not impact the Company’s listing on the Toronto Stock Exchange (“TSX”). The common shares will continue to be listed and traded on the TSX, subject to compliance with TSX continued listing standards. The Company expects that the last day of trading of the common shares on the NYSE will be on or about November 14, 2022 and on the BVL on or about December 15, 2022, subject to the satisfaction of the requirements and completion of the internal processes of the latter exchange. Annonce • Oct 15
Sierra Metals Inc. to Report Q3, 2022 Results on Nov 15, 2022 Sierra Metals Inc. announced that they will report Q3, 2022 results After-Market on Nov 15, 2022 Annonce • Sep 29
Sierra Metals Announces A Measured and Progressive Restart to Operations At Its Yauricocha Mine Sierra Metals Inc. reported that an agreement has been reached with residents from the town of Alis following the blockade of the main access road to the Yauricocha Mine, operated by the Company's subsidiary, Sociedad Minera Corona. Efforts to ensure critical safety and maintenance have been ongoing at the mine throughout the blockade. The safety and well-being of its employees and contractors remains of utmost importance to the Company. Accordingly, safety inspections and reviews are underway to support a safe and progressive restart to the operations at Yauricocha Mine. Sierra Metals will continue to collaborate with the host communities in its area of influence, in order to promote their development, while supporting long-term, stable operations at the Yauricocha Mine. At this time, it is not clear when the mine will reach its pre-suspension production levels and as such, productionand financial guidance will remain suspended. Annonce • Sep 23
Sierra Metals Inc. Provides Update on Its Yauricocha Mine in Peru Sierra Metals Inc. (Sierra Metals or the Company) reports that a group of residents from the nearby town of Alis have illegally blocked the main access road to the Yauricocha Mine, operated by the Company’s subsidiary, Sociedad Minera Corona. Mine production continues to be suspended with activities limited to critical operations to ensure proper safety and maintenance. Sierra Metals remains committed to the social development of its host communities and is working towards a peaceful and expeditious resolution of the situation. Representatives from the Company have taken part in constructive dialogue with the members of the group, including requests organized by the Peruvian government. As a road blockade is a matter of public concern, the Company has involved the local authorities for their mediation and assistance in resolving this matter. The health, safety and wellbeing of all employees and contractors remains Sierra Metals’ top priority. The Company is taking all necessary precautions to safeguard its personnel and the mine infrastructure. Due to the uncertainty of timing on the resolution of this dispute and the potential delay in the progressive restart of production at the Mine, 2022 production and financial guidance has been suspended. Annonce • Sep 13
Sierra Metals Inc. Announces Incident At Yauricocha Mine in Peru Sierra Metals Inc. regrets to report that at approximately 4:00 PM Lima Time on Sunday September 11, 2022, there was a mudslide incident at its underground Yauricocha Mine, located in Peru. As a result, three contractor employees lost their lives and one was injured. The safety and wellbeing of all employees and contractors is a major commitment and focus of the Company, and all efforts are being deployed to ensure them. Mining operations have been temporarily suspended as a result and will resume once conditions are considered safe and appropriate. Local authorities have been notified and are conducting an investigation into the incident. The Company will provide any updates as they become available. The thoughts of the board of directors and management are with the family, friends and colleagues that have been impacted by this unfortunate incident. Reported Earnings • Aug 12
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.093 loss per share (down from US$0.056 profit in 2Q 2021). Revenue: US$49.9m (down 37% from 2Q 2021). Net loss: US$15.3m (down 268% from profit in 2Q 2021). Revenue missed analyst estimates by 24%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 30%, compared to a 18% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 26% per year, which means it has not declined as severely as earnings. Annonce • Aug 12
Sierra Metals Inc. Provides Production Guidance for the Fiscal Year 2022 Sierra Metals Inc. provided production guidance for the fiscal year 2022. For the period, the company expects silver production to be in the range of 2,400,000 oz and 2,800,000 oz. Copper production to be in the range of 30,000,000 lbs and 33,500,000 lbs. Lead production to be in the range of 18,000,000 lbs and 20,000,000 lbs. Zinc production to be in the range of 53,000,000 lbs and 55,000,000 lbs. Gold production to be in the range of 7,800 oz and 9,500 oz. Annonce • Jul 09
Sierra Metals Inc. to Report Q2, 2022 Results on Aug 11, 2022 Sierra Metals Inc. announced that they will report Q2, 2022 results After-Market on Aug 11, 2022 Annonce • Jun 14
Sierra Metals Announces Appointment of New Chair & Addition to the Board Sierra Metals Inc. announced that Oscar Cabrera has been appointed as Chair of the Board of Directors of the Company (the "Board"). Mr. Cabrera joined the Board in October 2021 and replaces Mr. Jose Vizquerra as Chair. Additionally, the Board appointed Miguel Aramburu as its newest member. Mr. Aramburu has over 25 years of professional experience with 15 years dedicated to the mining sector, currently serving on the Board of STRACON S.A.C, a mining contractor, and Minsur S.A., a Perú based mining company. Annonce • Jun 11
Sierra Metals Inc. Approves Board Changes Sierra Metals Inc. at its AGM held on June 10, 2022, elected Robert Neal to join the Board. Jose Vizquerra, Steven Dean and Dionisio Romero did not stand for re-election at the AGM. Price Target Changed • Jun 09
Price target decreased to CA$1.63 Down from CA$1.95, the current price target is an average from 3 analysts. New target price is 39% above last closing price of CA$1.17. Stock is down 70% over the past year. The company is forecast to post earnings per share of US$0.11 next year compared to a net loss per share of US$0.17 last year. Reported Earnings • May 13
First quarter 2022 earnings: EPS and revenues miss analyst expectations First quarter 2022 results: EPS: US$0.002 (down from US$0.019 in 1Q 2021). Revenue: US$57.2m (down 18% from 1Q 2021). Net income: US$369.0k (down 88% from 1Q 2021). Profit margin: 0.6% (down from 4.4% in 1Q 2021). Revenue missed analyst estimates by 11%. Earnings per share (EPS) also missed analyst estimates by 100%. Over the next year, revenue is forecast to grow 6.9%, compared to a 16% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has fallen by 16% per year whereas the company’s share price has fallen by 15% per year. Annonce • May 12
Sierra Metals Inc. Announces Production Guidance for the Year 2022 Sierra Metals Inc. announced production guidance for the year 2022. For the year, the company expected copper equivalent production from Yauricocha Mine of 45 to 49 million copper equivalent pounds; Bolivar Mine of 23.8 to 29.9 million copper equivalent pounds and Cusi Mine of 1.75 million to 1.85 million silver equivalent ounces. Price Target Changed • Apr 27
Price target decreased to CA$2.03 Down from CA$2.20, the current price target is an average from 3 analysts. New target price is 79% above last closing price of CA$1.13. Stock is down 75% over the past year. The company is forecast to post earnings per share of US$0.13 next year compared to a net loss per share of US$0.17 last year. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Dawn Whittaker was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 23
Sierra Metals Inc., Annual General Meeting, Jun 07, 2022 Sierra Metals Inc., Annual General Meeting, Jun 07, 2022. Price Target Changed • Apr 20
Price target decreased to CA$2.03 Down from CA$2.33, the current price target is an average from 3 analysts. New target price is 59% above last closing price of CA$1.27. Stock is down 69% over the past year. The company is forecast to post earnings per share of US$0.15 next year compared to a net loss per share of US$0.17 last year. Annonce • Apr 13
Sierra Metals Inc. to Report Q1, 2022 Results on May 11, 2022 Sierra Metals Inc. announced that they will report Q1, 2022 results After-Market on May 11, 2022 Annonce • Apr 06
Sierra Metals Inc., Annual General Meeting, May 31, 2022 Sierra Metals Inc., Annual General Meeting, May 31, 2022. Board Change • Apr 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Director Dawn Whittaker was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Price Target Changed • Mar 12
Price target increased to CA$2.33 Up from CA$2.15, the current price target is an average from 3 analysts. New target price is 16% above last closing price of CA$2.01. Stock is down 45% over the past year. The company is forecast to post earnings per share of US$0.045 for next year compared to US$0.14 last year. Major Estimate Revision • Mar 05
Consensus forecasts updated The consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.05 to US$0.05. Revenue forecast unchanged from US$257.2m at last update. Net income forecast to grow 106% next year vs 7.3% growth forecast for Metals and Mining industry in Canada. Consensus price target down from CA$2.25 to CA$2.15. Share price rose 24% to CA$2.20 over the past week. Valuation Update With 7 Day Price Move • Mar 04
Investor sentiment improved over the past week After last week's 16% share price gain to CA$1.92, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 13x in the Metals and Mining industry in Canada. Total loss to shareholders of 11% over the past three years. 
