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Sierra Metals Inc. (T:SMT)

Business Focus: Integrated Mining

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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 Alberto Arias
Chairman of the Board
Igor A. Gonzales
President, Chief Executive Officer, Director
Edmundo Guimaraes
Chief Financial Officer
Thomas L. Robyn
Senior Vice President - Exploration
Michael McAllister
Vice-President of Corporate Development
Alonso Lujan
Vice President - Exploration
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 six months ended 30 June 2019, Sierra Metals Inc revenues decreased 20% to $99.9M. Net loss totaled $1.9M vs. income of $19.5M. Revenues reflect Peru segment decrease of 24% to $69.3M, Mexico segment decrease of 8% to $30.5M, Copper, Average Price per unit, Total decrease of 9% to $6184 per metric ton, Copper Production (MT)-Bolivar Mine decrease of 57% to 2K metric tons. Net loss reflects Peru segment income decrease of 59% to $15.1M.
Employees: 1,445 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $338.85M as of Jun 30, 2019
Annual revenue (TTM): $275.56M as of Jun 30, 2019
EBITDA (TTM): $78.09M as of Jun 30, 2019
Net annual income (TTM): -$3.47M as of Jun 30, 2019
Free cash flow (TTM): -$15.40M as of Jun 30, 2019
Net Debt Last Fiscal Year: $78.54M as of Jun 30, 2019
Shares outstanding: 162,892,603 as of Aug 7, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization