(All $ gures reported in USD)
Current and historical production and nancial results for Cusi are not included in the Company’s consolidated
results, 2023 Guidance as Cusi has been classied as a Discontinued Operation.
Revenue of $57.0 million in Q3 2023, a 62% increase from Q3 2022.
Adjusted EBITDA(1) of $8.1 million in Q3 2023, signicantly higher than the Adjusted EBITDA(1) of $(6.2) million
in Q3 2022.
Operating cash ows before movements in working capital(1) of $6.0 million in Q3 2023, compared to $(6.8)
million Q3 2022.
Net loss, excluding discontinued operations, in Q3 2023 was $2.8 million versus a loss of $38.1 million in Q3
2022.
Copper equivalent production of 18.5 million pounds in Q3 2023; a 27% increase from Q3 2022.
Consolidated cash costs per copper equivalent payable pound(1) in Q3 2023 of $2.11 and consolidated All-In
Sustaining Costs per equivalent payable pound (“AISC”)(1) of $3.66 were 12% and 5% lower, respectively, than
the same quarter of 2022.
On-track to meet 2023 production and cost guidance.
Second tranche of the private placement in the amount of C$3,543,663.40 is now available to the Company, in
addition to the amount of C$12,837,133.40 previously made available in the rst tranche of the private placement.
Management will host a conference call and webcast to discuss Q3 2023 Results today, November 13, 2023, at 11:00 AM (EST). Click HERE to register.
TORONTO--(BUSINESS WIRE)-- Sierra Metals Inc. (TSX: SMT | OTC: SMTSF) ("Sierra Metals" or "the ..

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