Friday, October 08, 2021

Sierra Metals (SMTS)(SMT:CA)
BOD Concludes Review of Strategic Alternatives; Authorizes Annual Dividend of $0.03 Per Share

As of April 24, 2020, Noble Capital Markets research on Sierra Metals is published under ticker symbols (SMTS and SMT:CA). The price target is in USD and based on ticker symbol SMTS. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target. 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 of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Strategic review completed. The Board of Directors concluded its review of strategic alternatives. The company will continue to seek production growth through expansions with a focus on base metals such as copper, zinc, and iron ore and may consider joint venture, partnerships and/or divestment of certain assets, including the Cusi silver mine and/or exploration properties outside Sierra’s current operating area.

Dividend announced.  The Board has authorized the payment of an annual dividend comprised of a base dividend of $0.03 per share and an additional amount based on available cash flows. The initial dividend is expected to be declared in November 2021 and paid in December 2021. The dividend reflects a favorable cash flow growth outlook and the board's desire to return capital to shareholders. Based on ...

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.