Category: Investor’s Corner

J. Alberto Arias, Chairman of Sierra Metals, commented: ‘On behalf of the Board and Management, I would like to welcome Koko to the Sierra Metals Board of Directors. Koko’s experience in corporate accounting and reporting makes her a valuable addition as an independent director to our Board. We believe that Koko will help Sierra Metals execute on its considerable growth plans and strategic opportunities that it has available at all its properties.’

The net proceeds of the private placement will be used for exploration and advancement of the Company’s Las Minas Project, payment of outstanding invoices, and general working capital. No finder’s fees were paid in connection with the Offering.

‘In my previous communications, I’ve discussed our new business model, which includes the development of multi-billion-dollar assets through the discovery and development of valuable seafloor mineral deposits while being responsible stewards of the environment,’ stated Mark Gordon, Odyssey Chairman and CEO. ‘This acquisition is an example of our successful execution of our business plan, and we are focused on adding other new subsea mineral deposits around the world to our expanding portfolio.’

‘Our two primary assets, the San Dimas and Santa Elena mines, saw strong growth during the quarter producing approximately 80% of our total metal production,’ said Keith Neumeyer, President and CEO.

‘We are pleased with the results of the program and thank the warrantholders for their overwhelming support,’ stated Jason Simpson, President and CEO. ‘The funds will be used to continue regional exploration and allow greater flexibility prior to construction of the Camino Rojo Oxide Project.’

Igor Gonzales, President and CEO of Sierra Metals, commented: ‘The Company has continued 2019 with consolidated record production results in the second quarter. This includes continued recovery and making up for lost production at Yauricocha despite an illegal strike action which occurred at the end of Q1 and start of Q2 this year. This can also be attributed to a much stronger performance from our Mexican Mines in the second quarter including record production at both of the Bolivar and Cusi Mines.’

Después de tener una cuota de 22% en 2016 y de 22.3% en 2017, Fresnillo plc alcanzó una porción en este indicador de 24.1 por ciento.