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Sierra Metals reports Q4-2016 financial results at its Sociedad Minera Corona subsidiary in Peru
Feb. 15, 2017 09:02AM PST
Precious Metals InvestingSierra Metals (TSX:SMT, BVL:SMT) (“Sierra Metals” or the “Company”) announces the filing of Sociedad Minera Corona S.A.’s (“Corona”) audited Financial Statements and Management Discussion and Analysis (“MD&A”) for the fourth quarter of 2016 (“Q4 2016”). Operational Improvements at the Yauricocha Mine continue to have very positive impact on financial results. Q4 production second highest in …
Sierra Metals (TSX:SMT, BVL:SMT) (“Sierra Metals” or the “Company”) announces the filing of Sociedad Minera Corona S.A.’s (“Corona”) audited Financial Statements and Management Discussion and Analysis (“MD&A”) for the fourth quarter of 2016 (“Q4 2016”).
- Operational Improvements at the Yauricocha Mine continue to have very positive impact on financial results.
- Q4 production second highest in Yauricocha 68 year history despite a 25-day scheduled shutdown in November which was completed in only 10 days for the installation of a new higher capacity hoist at its main production shaft.
As quoted in the press release:
“I am extremely pleased with the very successful operational improvements program completed at the Yauricocha Mine and how that has translated into near record production levels in the fourth quarter complimented by remarkable improvements to revenues, adjusted EBITDA and cashflow for the Mine.” stated Mark Brennan, President and CEO of Sierra Metals.
