Sierra Metals Sets New Monthly Production Record at its Yauricocha Mine

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) has announced that the Yauricocha Mine produced 82,149 Dry Metric Tonnes (“DMT”), or 2,733 tonnes per day on average for the month.
The amount is the most ever produced in one calendar month in the history of the mine.
According to the press release:

Plant production at the Chumpe Mill at the Yauricocha Mine also set a historic record for the month of August, 2016 with production totalling 79,554 DMT which exceeds the previous best month of October 2014 when 74,997 DMT were produced.
“These are remarkable achievements that would have been deemed highly unlikely just ten short months ago when we began our operational improvement program at the Mine” commented Mark Brennan, President and CEO of Sierra Metals. “The operations team led by our COO, Gord Babcock, began the modernization and operational improvements at the mine starting late in the third quarter of last year. They have done a great job in putting the Yauricocha Mine into position for driving both higher value per tonne of ore and production volume.” He continued “That said there will be volatility in both parameters as we move forward and work to complete certain aspects of the improvement program, however the bar is steadily moving higher as we begin to see the benefits of our efforts.”

Click here for the full press release.