Sierra Files Technical Report on PEA for Yauricocha Mine

Sierra Metals (TSX:SMT) has filed a technical report prepared in accordance with National Instrument 43-101 on the Yauricocha mine in Peru.

According to Sierra the report supports the preliminary economic assessment released earlier this year on the mine, in that a 66 percent output expansion at the mine to 5,500 tonnes a day would yield a 486 percent return on investment.

As included in the report on the Yauricocha mine.

• After-tax net present value (NPV): US$393 Million at an 8 percent discount rate
• Return on investment (ROI): 486 percent
• After-tax payback period life of mine capital: 4.1 years
• Life of mine capital cost: US$238 million
• Net after-tax cash flow: US$532 million
• Total operating unit cost: US$43.86/tonne
• Mine processing rate: 5,500 tonnes per day
• Plant processing rate: 5,500 tonnes per day
• Life of mine: 10 years based on existing mineral resource estimate
• Life of mine zinc payable production 621.1 Million Pounds

Click here to read the full Sierra Metals (TSX:SMT) press release.