? On a 2023 year-to-date consolidated basis, excluding Cusi, copper, silver, and
gold production increased by 35%, 38%, and 92%, respectively, when compared
to 2022.
? Consolidated copper equivalent production, excluding Cusi, was 27% higher in
Q3 2023 when compared to Q3 2022.
? The Cusi Mine was placed in care and maintenance during the quarter, with the
process to sell the mine currently underway.
(All metal prices reported in USD) Toronto, ON – October 19, 2023 – Sierra Metals Inc. (TSX: SMT; OTC: SMTSF)
(“Sierra Metals” or the “Company”) reports third quarter 2023 production results from its
Yauricocha polymetallic mine in Peru and the Bolivar copper mine in Mexico.
The Company’s Q3 2023 results will be released on Monday, November 13, 2023 before the market open, with management hosting a conference call and webcast the same day at 11:00 AM EST. Click here to register.
Ernesto Balarezo, CEO of Sierra Metals, commented, “During the quarter we continued to make tremendous strides in optimizing our strong portfolio of assets. We have been able to maintain Bolivar at desired levels of output and we are happy to see that our efforts at Yauricocha are paying off. We are now well along the process of divesting our Cusi silver mine, obtaining the permit to mine below the 1120 level at Yauricocha and improving our balance sheet. We remain steadfast in our focus to safely grow our
business and create long-term value.”

https://s23.q4cdn.com/335191765/files/doc_news/2023/10/smt-pr-q3-2023-production-results-final.pdf