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Sierra Metals Inc. (T:SMT)

Business Focus: Integrated Mining

Sector:  Basic Materials Industry:  Integrated Mining
See Regulatory Filings on SEDAR
Company Contact
Address: 161 Bay St Suite 4260
Tel: N/A
IR: See website
Key People
J. Alberto Arias
Chairman of the Board
Luis C. Marchese
Chief Executive Officer
Edmundo Guimaraes
Chief Financial Officer
Gordon Babcock
Chief Operating Officer
Michael McAllister
Vice-President of Corporate Development
Alonso Lujan
Vice President - Exploration
Andrew Dunlop
Corporate Controller
Augusto Chung
Vice President Special Projects and Metallurgy of the Corporation
Jill Neff
Corporate Secretary
Business Overview
Sierra Metals Inc, formerly Dia Bras Exploration Inc, is a Canada-based mining company. The Company is focused on the production, exploration and development of precious and base metals in Peru and Mexico. The Company owns interest in the polymetallic Yauricocha Mine in Peru and in the Bolivar and Cusi Mines in Mexico. In addition to its producing mines, the Company also owns various exploration projects in Mexico and Peru. The Company operates under the following segments: Peru- Yauricocha Mine and Mexico - Bolivar and Cusi Mines. The Yauricocha Mine is a Silver-Lead-Zinc-Copper-Gold property comprised of more than 17,000 hectares. The Bolivar Mine is a Copper-Silver-Gold property comprised of approximately 15,000 hectares. The Cusi Mine is a Silver-Lead-Zinc-Gold property comprised of more than 11, 000 hectares.
Financial Overview
For the three months ended 31 March 2020, Sierra Metals Inc revenues increased 13% to $55.6M. Net loss increased 8% to $1.9M. Revenues reflect Mexico segment increase of 58% to $21.8M, Copper Production (MT)-Bolivar Mine increase of 65% to 3K metric tons. Higher net loss reflects Peru segment income decrease of 60% to $3.6M. Basic Earnings per Share excluding Extraordinary Items remained flat at -$0.01.
Employees: 1,445 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $351.77M as of Mar 31, 2020
Annual revenue (TTM): $318.87M as of Mar 31, 2020
EBITDA (TTM): $84.06M as of Mar 31, 2020
Net annual income (TTM): $5.81M as of Mar 31, 2020
Free cash flow (TTM): -$13.60M as of Mar 31, 2020
Net Debt Last Fiscal Year: $84.74M as of Mar 31, 2020
Shares outstanding: 162,810,553 as of May 18, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization