Sierra Metals Reports Fourth Quarter and Year-end 2016 Financial Results

Sierra Metals Inc. (TSX:SMT)(BVL:SMT) (“Sierra Metals” or the “Company”) today reported revenue of $143.2 million and adjusted EBITDA of $41.9 million on throughput of 2,034,465 tonnes and metal production of 11.9 million silver equivalent ounces or 79.5 million copper equivalent pounds for the year ended December 31, 2016.
As quoted in the press release:

Mark Brennan, President and CEO of Sierra Metals commented “2016 has been a transformational year for Sierra and the stage has been set for exceptional growth following a very successful operational improvements program and the Esperanza discovery at the Yauricocha Mine, development of new areas for higher grade ore at Bolivar and the reinterpretation of geology at the Cusi Mine. In its operations, the Company also reported record tonnage throughput and realized remarkable increases in revenue, cash flows and adjusted EBITDA.”
He added “Sierra Metals continues to have a very strong balance sheet and strong liquidity to drive operations and the numerous growth opportunities developed in the last year. Continual operational improvements and very successful brownfield exploration programs will drive substantial production growth and increase economic returns at all three of the Company’s Mines.”

Click here for the full text release

Source: www.sierrametals.com