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Monday, December 23, 2019
Sierra Metals (SMTS)
SMTS Updates Yauricocha Mineral and Reserve Estimate
Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico. Yauricocha is an underground polymetallic mine using the sublevel block caving and cut-and-fill mining methods. Bolivar is a copper-silver-zinc-gold underground mine using room-and-pillar mining method. The majority of the revenue is earned by selling of the mineral concentrates to its customers in Peru.
Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
While contained metals decreased in total, proven reserves and measured resources increased. The decline in overall contained metals relative to the last reserve and resource estimate was due, in part, to a more conservative method for measuring the density of the ore per tonne. While a lower mineral reserve and
Updating estimates. While our 2019 EPS estimates are unchanged, we are trimming our 2020 EPS estimate to $0.24 from $0.26. The reduction reflects modestly lower production due to a slower ramp up in production at Yauricocha. Our 2019 and 2020 EBITDA estimates are $70.2 million and...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.