Sierra Metals Receives Conditional Approval to List on TSX

Sierra Metals Inc. (TSXV:SMT) announced first quarter results and that they have received conditional approval to be listed on the TSX main board.

As quoted in the press release:

Net loss attributable to shareholders of $3.4 million or $0.02 per share for the three months ended March 31, 2013compared to a loss of $3.9 million ($0.02 per share) for the same period in 2012.

Sierra Metal’s President and CEO, Daniel Tellechea, said:

We are pleased with Sierra Metals’ results for the first quarter of 2013. The Company announced commercial production at its Cusi Mine in Mexico during the period and continues to increase its production profile in 2013. Additionally, we are very excited to announce the conditional approval to be listed on the TSX from the TSX Venture. This marks a substantial milestone for the Company as we continue to strive towards our objective of becoming one of Latin America’s premier, low-cost precious and base metals producers.

To view the whole press release, click here.