Continuation Of Production Maximization At Yauricocha

TORONTO - Sierra Metals Inc. reported on production from its two underground mines in Latin America: the Yauricocha polymetallic mine in Peru and the copper-producing Bolivar mine in Mexico.

Ernesto Balarezo, CEO, said, “Production in the second quarter of 2024 met our annual projections. At Bolivar, we planned for maintenance downtime in the plant and sequenced mining activities in a lower-grade zone in the deposit. We expect that all of this work will ensure a strong operating performance for the second half of the year. Meanwhile, at Yauricocha, we continue to maximize production from the limited ore body above the 1120 level, at least until we are able to fully access the larger ore body below 1120. Development below the 1120 level is on schedule and on budget to achieve full capacity by the fourth quarter. All in all, we delivered a solid quarter of production that will set Sierra Metals up for a strong second half of 2024, keeping us in good standing to meet our production guidance for the year.”