Sierra Metals Inc. (T:SMT)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| Company Contact | |
| Address: | 200 Bay St, South Tower, Suite 2800 TORONTO ON M5J 2J3 |
| Tel: | N/A |
| Website: | https://www.sierrametals.com |
| IR: | See website |
| Key People | ||
| Ernesto Balarezo Valdez Chief Executive Officer, Director | Jose Fernandez-Baca Chief Financial Officer | James Leon Vice President - Operations |
| Rajesh Vyas Vice President, Corporate Controller | Alberto Calle Vice President - Human Resources | Alonso Lujan Vice President - Exploration | Juan Jose Mostajo Vice President - Legal Affairs |
| Business Overview |
| Sierra Metals Inc. is a Canada-based diversified mining company. The Company is focused on Green Metal exposure, including copper, zinc and lead production with precious metals in Peru and Mexico. It owns and operates three mines in commercial production: the Yauricocha Mine in Peru, the Bolivar and Cusi mines in Mexico. The Yauricocha, is an underground mine located in western central Peru in the Yauyos province, 12 kilometers (km) west of the Continental Divide. Yauricocha Mine covers an area of 18,778 hectares (ha) that straddle a 20 km strike length of the prolific Yauricocha fault. The Bolivar Mine consists of approximately 12 mining concessions and is a contiguous portion of approximately 15,217 ha Bolivar property land package within the municipality of Urique, in the Piedras Verdes mining district of Chihuahua State, Mexico. The Cusi Mine is located in Chihuahua State, Mexico, approximately 135 km from Chihuahua City that encompasses 73 concessions covering 11,665 ha. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Sierra Metals Inc revenues increased 39% to $229.5M. Net loss before extraordinary items decreased 89% to $6.6M. Revenues reflect Copper segment increase of 50% to $123.1M, Gold segment increase of 100% to $30.8M, Mexico segment increase of 48% to $121.7M, Copper Production (MT)-Bolivar Mine increase from 6K to 12K metric tons. |
| Employees: | 1,156 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $274.48M as of Dec 31, 2023 |
| Annual revenue (TTM): | $327.09M as of Dec 31, 2023 |
| EBITDA (TTM): | $66.35M as of Dec 31, 2023 |
| Net annual income (TTM): | -$14.82M as of Dec 31, 2023 |
| Free cash flow (TTM): | $8.48M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $95.00M as of Dec 31, 2023 |
| Shares outstanding: | 209,667,546 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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