Palladium One Obtains Both OTCQB Market Listing and DTC Eligibility

 

October 20, 2021 – Toronto, Ontario – Palladium One Mining Inc. (TSX-V: PDM, OTCQB: NKORF, FRA: 7N11) (the “Company” or “Palladium One”) is pleased to announce that its common shares are now eligible for settlement through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Palladium One’s common shares are now fully DTC eligible and will continue to trade in the United States on the OTCQB under the ticker symbol “NKORF”.Through an electronic method of clearing securities, DTC eligibility significantly reduces the costs and accelerates the settlement process for investors and brokers, allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

“Providing broader and more efficient access for US investors to participate in our discovery successes, will enhance our shareholder base. In light of the ‘green transportation’ dynamic gripping the United States and elsewhere, timing is ideal, to provide US investors with more efficient investment access to Palladium One’s common shares.” stated Derrick Weyrauch, President and CEO.

Trading on the OTCQB

The OTCQB listing, when combined with DTC eligibility, is anticipated to provide greater liquidity and a more seamless trading experience for existing U.S. shareholders and potential new investors. An OTCQB listing provides exemptions from certain U.S. state securities laws or “blue sky” exemptions which may help to further increase liquidity and expand the ability of investment advisors’ to research and recommend investment in Palladium One.

About Palladium One

Palladium One Mining Inc. is an exploration company targeting district scale, platinum-group-element (PGE)-copper nickel deposits in Finland and Canada. Its flagship project is the Läntinen Koillismaa or LK Project, a palladium dominant platinum group element-copper-nickel project in north-central Finland, ranked by the Fraser Institute as one of the world’s top countries for mineral exploration and development. Exploration at LK is focused on targeting disseminated sulfides along 38 kilometers of favorable basal contact and building on an established NI 43-101 open pit Mineral Resource.

ON BEHALF OF THE BOARD
“Derrick Weyrauch”
President & CEO, Director

For further information contact: Derrick Weyrauch, President & CEO
Email: info@palladiumoneinc.com

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release includes “forward-looking information” that is subject to a few assumptions, risks and uncertainties, many of which are beyond the control of the Company. Statements regarding listing of the Company’s common shares on the TSXV are subject to all of the risks and uncertainties normally incident to such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. Such forward-looking statements represent management’s best judgment based on information currently available. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions and general business conditions. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including those set out in the Company’s annual information form dated April 27, 2021 and filed under the Company’s profile on SEDAR at www.sedar.com. The Company does not undertake to update forward?looking statements or forward?looking information, except as required by law. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

Tuesday, October 19, 2021

Sierra Metals (SMTS)(SMT:CA)
Third Quarter Production Impacted by Transitory Operational Challenges

As of April 24, 2020, Noble Capital Markets research on Sierra Metals is published under ticker symbols (SMTS and SMT:CA). The price target is in USD and based on ticker symbol SMTS. Research reports dated prior to April 24, 2020 may not follow these guidelines and could account for a variance in the price target.

Sierra Metals Inc is a precious and base metals producer in Latin America. The company acquires, explores, extracts, and produces mineral concentrates consisting of silver, copper, lead, zinc and gold in Mexico and Peru. Its activity includes the operation of the Yauricocha Mine in Peru, and the Bolivar and Cusi mines in Mexico. Yauricocha is an underground polymetallic mine using the sublevel block caving and cut-and-fill mining methods. Bolivar is a copper-silver-zinc-gold underground mine using room-and-pillar mining method. The majority of the revenue is earned by selling of the mineral concentrates to its customers in Peru.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

SMTS reports third quarter production results. During the third quarter, Sierra Metals produced 8.3 million pounds of copper, 7.8 million pounds of lead, 19.1 million pounds of zinc, 2.3 thousand ounces of gold, and 807 thousand ounces of silver. Compared with the prior year period, third quarter production of copper, lead, zinc, gold, and silver declined 32.1%, 20.4%, 23.1%, 43.3%, and 21.1%. Sequentially, production fell 13.4%, 1.5%, 9.6%, 19.6%, and 15.4%, respectively. Production was hindered by the inability to develop higher grade ore sources during the pandemic, unexpected equipment unavailability, and operational constraints at the Cusi mine due to high temperatures. While these issues are expected to be temporary, management now expects 2021 production to be at the low end of its guidance.


Updating estimates.  We are lowering our 2021 EPS and EBITDA estimates to $0.25 and $127.6 million from $0.30 and $137.5 million, respectively, to reflect lower full year production. While our EBITDA estimate is modestly below guidance, there may offsets we haven’t considered and we think upside may exist for our fourth quarter estimates. We also trimmed our 2022 EPS and EBITDA estimates to …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Sierra Metals Reports Third-Quarter 2021 Production Results, Expecting To Meet Low End Of Revised Annual Production Guidance As The Production Ramps Up To Full Capacity At All Three Mines

 

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report third-quarter 2021 production results.

Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver Mines in Mexico.

Third Quarter 2021 Consolidated Production Results

• Copper production of 8.3 million pounds; a 32% decrease from Q3 2020
• Zinc production of 19.1 million pounds; a 23% decrease from Q3 2020
• Silver production of 0.8 million ounces; a 21% decrease from Q3 2020
• Lead production of 7.8 million pounds; a 20% decrease from Q3 2020
• Gold production of 2,261 ounces; a 43% decrease from Q3 2020
• Copper equivalent production of 21.9 million pounds; a 38% decrease from Q3 2020

Luis Marchese, CEO of Sierra Metals, commented: “The third quarter has been particularly difficult for the Company. It has presented us with tough challenges arising from sequencing issues due to the COVID-19 limitations over the last year, as well as unexpected equipment availability issues that impacted throughput, head grades and recoveries, particularly at the Bolivar Mine. Additionally, during the quarter, Cusi presented operational limitations caused by high temperatures at the available mineable areas. However, these issues are temporary in nature, and we expect to meet the lower end of the revised annual production guidance.

He continued, “With the strategic review now completed, we can now focus all of our efforts on stabilizing our operations to their full potential. We see improved workforce and contractor availability which should allow us to catch up on the development and preparation of higher grade stopes for inclusion into the mine plan in the coming quarters. We have reinitiated work on a backlog of accumulated sustaining infrastructure projects as well as on exploration from our brownfield drilling programs which are expected to improve the quality and tonnage of our mineral resources. We also expect to publish the Preliminary Feasibility Study for Bolivar by year end, followed by Q1 2022 for Yauricocha and Cusi by Q2 2022, which support planned throughput growth at the mines.”

He concluded, “Despite the difficult challenges encountered this year, the quality of the resource base at our three mines underpins an improved outlook for the Company. With a renewed focus and refined strategy, we expect to continue on a path of striving for production growth while optimizing and improving operations with a goal of cost reduction as we complete this year and continue into 2022, which will benefit all stakeholders in the Company.”

Consolidated Production Results

Yauricocha Mine, Peru

Operating at an average daily ore throughput rate of 3,705 tpd (calculated for the number of operating days) during Q3 2021, the Yauricocha mine processed 324,196 tonnes which is a 2% increase compared to Q3 2020.

Grades for all metals were lower for the quarter due to the sequencing of mining with more ore coming from the Esperanza and Cachi Cachi zone, which are concentrated copper sulphide zones versus polymetallic zones, which contain more zinc and lead. As a result, during Q3 2021, mining operations focused on these larger but lower-grade ore bodies. As a result, recoveries for all metals, except gold, were negatively impacted by the lower head grades.

A summary of production from the Yauricocha Mine for Q3 2021 is provided below:

Bolivar Mine, Mexico

The Bolivar Mine processed 364,941 tonnes in Q3 2021, or a decrease of 11% from the 410,468 tonnes processed in Q3 2020, due to the low availability of equipment, including mining scoops during the quarter. The average daily ore throughput realized during the quarter was approximately 4,171 tpd. Head grades were impacted by a COVID-induced lag on development and infill drilling, which resulted in changes of the mining sequence, as well as dilution issues, which are being corrected. The 11% decrease in throughput combined with lower head grades and recoveries for all metals resulted in a 55% decrease in copper equivalent pounds produced during Q3 2021 compared to Q3 2020. In Q3 2021, copper production decreased by 46% to 3.6 million pounds, silver production decreased 52% to 95 thousand ounces, and gold production decreased 67% to 899 ounces compared to Q3 2020.

A summary of production for the Bolivar Mine for Q3 2021 is provided below:

Cusi Mine, Mexico

The Cusi mine processed 61,071 tonnes during Q3 2021, which is a 13% decrease as compared to Q3 2020. Silver equivalent production for Q3 2020 was 306 thousand ounces or a 7% decline from Q3 2020, resulting from lower throughput and 5% lower silver head grades partially offset by 3% higher recoveries as compared to Q3 2020. The decline in silver grades resulted from the inability to operate in some of the targeted higher grade zones due to issues related to excessive underground water and heat. A newly driven raise bore and upgraded pumping system were installed during the quarter allowing access to these areas.

Silver production decreased 14% to 261 thousand ounces, gold production increased 12% to 193 ounces, and lead production increased 128% to 0.7 million pounds in Q3 2021 compared to Q3 2020.

A summary of production for the Cusi Mine for Q3 2021 is provided below:

Quality Control

All technical data contained in this news release has been reviewed and approved by Americo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning is a Qualified Person and chartered professional qualifying as a Competent Person under the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 30, 2020 for its fiscal year ended December 31, 2019 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Mike McAllister, CPIR
Vice President, Investor Relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: info@sierrametals.com

Luis Marchese
CEO
Sierra Metals Inc.
Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

Sierra Metals Reports Third-Quarter 2021 Production Results, Expecting To Meet Low End Of Revised Annual Production Guidance As The Production Ramps Up To Full Capacity At All Three Mines

 

TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) is pleased to report third-quarter 2021 production results.

Results are from Sierra Metals’ three underground mines in Latin America: The Yauricocha polymetallic mine in Peru, and the Bolivar copper and Cusi silver Mines in Mexico.

Third Quarter 2021 Consolidated Production Results

• Copper production of 8.3 million pounds; a 32% decrease from Q3 2020
• Zinc production of 19.1 million pounds; a 23% decrease from Q3 2020
• Silver production of 0.8 million ounces; a 21% decrease from Q3 2020
• Lead production of 7.8 million pounds; a 20% decrease from Q3 2020
• Gold production of 2,261 ounces; a 43% decrease from Q3 2020
• Copper equivalent production of 21.9 million pounds; a 38% decrease from Q3 2020

Luis Marchese, CEO of Sierra Metals, commented: “The third quarter has been particularly difficult for the Company. It has presented us with tough challenges arising from sequencing issues due to the COVID-19 limitations over the last year, as well as unexpected equipment availability issues that impacted throughput, head grades and recoveries, particularly at the Bolivar Mine. Additionally, during the quarter, Cusi presented operational limitations caused by high temperatures at the available mineable areas. However, these issues are temporary in nature, and we expect to meet the lower end of the revised annual production guidance.

He continued, “With the strategic review now completed, we can now focus all of our efforts on stabilizing our operations to their full potential. We see improved workforce and contractor availability which should allow us to catch up on the development and preparation of higher grade stopes for inclusion into the mine plan in the coming quarters. We have reinitiated work on a backlog of accumulated sustaining infrastructure projects as well as on exploration from our brownfield drilling programs which are expected to improve the quality and tonnage of our mineral resources. We also expect to publish the Preliminary Feasibility Study for Bolivar by year end, followed by Q1 2022 for Yauricocha and Cusi by Q2 2022, which support planned throughput growth at the mines.”

He concluded, “Despite the difficult challenges encountered this year, the quality of the resource base at our three mines underpins an improved outlook for the Company. With a renewed focus and refined strategy, we expect to continue on a path of striving for production growth while optimizing and improving operations with a goal of cost reduction as we complete this year and continue into 2022, which will benefit all stakeholders in the Company.”

Consolidated Production Results

Yauricocha Mine, Peru

Operating at an average daily ore throughput rate of 3,705 tpd (calculated for the number of operating days) during Q3 2021, the Yauricocha mine processed 324,196 tonnes which is a 2% increase compared to Q3 2020.

Grades for all metals were lower for the quarter due to the sequencing of mining with more ore coming from the Esperanza and Cachi Cachi zone, which are concentrated copper sulphide zones versus polymetallic zones, which contain more zinc and lead. As a result, during Q3 2021, mining operations focused on these larger but lower-grade ore bodies. As a result, recoveries for all metals, except gold, were negatively impacted by the lower head grades.

A summary of production from the Yauricocha Mine for Q3 2021 is provided below:

Bolivar Mine, Mexico

The Bolivar Mine processed 364,941 tonnes in Q3 2021, or a decrease of 11% from the 410,468 tonnes processed in Q3 2020, due to the low availability of equipment, including mining scoops during the quarter. The average daily ore throughput realized during the quarter was approximately 4,171 tpd. Head grades were impacted by a COVID-induced lag on development and infill drilling, which resulted in changes of the mining sequence, as well as dilution issues, which are being corrected. The 11% decrease in throughput combined with lower head grades and recoveries for all metals resulted in a 55% decrease in copper equivalent pounds produced during Q3 2021 compared to Q3 2020. In Q3 2021, copper production decreased by 46% to 3.6 million pounds, silver production decreased 52% to 95 thousand ounces, and gold production decreased 67% to 899 ounces compared to Q3 2020.

A summary of production for the Bolivar Mine for Q3 2021 is provided below:

Cusi Mine, Mexico

The Cusi mine processed 61,071 tonnes during Q3 2021, which is a 13% decrease as compared to Q3 2020. Silver equivalent production for Q3 2020 was 306 thousand ounces or a 7% decline from Q3 2020, resulting from lower throughput and 5% lower silver head grades partially offset by 3% higher recoveries as compared to Q3 2020. The decline in silver grades resulted from the inability to operate in some of the targeted higher grade zones due to issues related to excessive underground water and heat. A newly driven raise bore and upgraded pumping system were installed during the quarter allowing access to these areas.

Silver production decreased 14% to 261 thousand ounces, gold production increased 12% to 193 ounces, and lead production increased 128% to 0.7 million pounds in Q3 2021 compared to Q3 2020.

A summary of production for the Cusi Mine for Q3 2021 is provided below:

Quality Control

All technical data contained in this news release has been reviewed and approved by Americo Zuzunaga, FAusIMM CP (Mining Engineer) and Vice President of Corporate Planning is a Qualified Person and chartered professional qualifying as a Competent Person under the Joint Ore Reserves Committee (JORC) Australasian Code for Reporting of Exploration Results, Mineral Resources, and Ore Reserves.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow, Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc

Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 30, 2020 for its fiscal year ended December 31, 2019 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Mike McAllister, CPIR
Vice President, Investor Relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: info@sierrametals.com

Luis Marchese
CEO
Sierra Metals Inc.
Tel: +1 (416) 366-7777

Source: Sierra Metals Inc.

Noble Capital Markets Senior Research Analyst Mark Reichman interviews FenixOro CEO John Carlesso. Research, News, and Advanced Market Data on FDVXF View all C-Suite Interviews About FenixOro Gold Corp. FenixOro Gold Corp is a Canadian company focused on acquiring and exploring gold projects with world class exploration potential in the most prolific gold producing regions of Colombia. FenixOro’s flagship property, the Abriaqui project, is located 15 km west of Continental Gold’s Buritica project in Antioquia State at the northern end of the Mid-Cauca gold belt, a geological trend which has seen multiple large gold discoveries in the past 10 years including Buritica and Anglo Gold’s Nuevo Chaquiro and La Colosa. As documented in “NI 43-101 Technical Report on the Abriaqui project Antioquia State, Colombia” (December 5, 2019), the geological characteristics of Abriaqui and Buritica are similar. The report also documents the high gold grade at Abriaqui with samples taken from 20 of the veins assaying greater than 20 g/t gold. Since the preparation of this report a Phase 1 drilling program has been completed at Abriaqui resulting in a significant discovery of a high grade, “Buritica style” gold deposit. A Phase 2 drilling program has recently commenced. FenixOro’s VP of Exploration, Stuart Moller, led the discovery team at Buritica for Continental Gold in 2007-2011. At the time of its latest public report, the Buritica Mine contains measured plus indicated resources of 5.32 million ounces of gold (16.02 Mt grading 10.32 g/t) plus a 6.02 million ounce inferred resource (21.87 Mt grading 8.56 g/t) for a total of 11.34 million ounces of gold resources. Buritica began formal production in November 2020 and has expected annual average production of 250,000 ounces at an all-in sustaining cost of approximately US$600 per ounce. Resources, cost and production data are taken from Continental Gold’s “NI 43-101 Buritica Mineral Resource 2019-01, Antioquia, Colombia, 18 March, 2019”). Continental Gold was recently the subject of a takeover by Zijin Mining in an all-cash transaction valued at C$1.4 billion.

Sierra Metals to Release Q3-2021 Consolidated Financial Results on Monday, November 8th, 2021

 

Shareholder Conference Call and Webcast will also be held on Tuesday, November 9th, 2021

TORONTO–(BUSINESS WIRE)–Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (“Sierra Metals” or the “Company”) will release Q3-2021 financial results on Monday, November 8^th, 2021, after Market Close. Senior Management will also host a webcast and conference call on Tuesday, November 9^th, 2021, at 10:30am EST. Details of the Conference Call and Webcast are as follows:

Via Webcast:

A live audio webcast of the meeting will be available on the Company’s website:

https://event.on24.com/wcc/r/3408832/5D1D447434FB0425E6DE1CDA1E5662AF

The webcast along with presentation slides will be archived for 180 days on www.sierrametals.com.

Via phone:

For those who prefer to listen by phone, dial-in instructions are below. To ensure your participation, please call approximately five minutes prior to the scheduled start time of the call.

Canada dial-in number (Toll Free): 1 833 950 0062
Canada dial-in number (Local): 1 226 828 7575
United States: 1 844 200 6205
United States (Local): 1 646 904 5544
All other locations: +1 929 526 1599

Access code: 049437

Press *1 to ask a question, *2 to withdraw your question, or *0 for operator assistance.

About Sierra Metals

Sierra Metals Inc. is a diversified Canadian mining company focused on the production and development of precious and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Company is focused on increasing production volume and growing mineral resources. Sierra Metals has recently had several new key discoveries and still has many more exciting brownfield exploration opportunities at all three Mines in Peru and Mexico that are within close proximity to the existing mines. Additionally, the Company also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.

The Company’s Common Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange under the symbol “SMT” and on the NYSE American Exchange under the symbol “SMTS”.

For further information regarding Sierra Metals, please visit www.sierrametals.com.

Continue to Follow,
Like and Watch our progress:

Web: www.sierrametals.com | Twitter: sierrametals | Facebook: SierraMetalsInc | LinkedIn: Sierra Metals Inc | Instagram: sierrametals

Forward-Looking
Statements

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of Canadian and U.S. securities laws (collectively, “forward-looking information“). Forward-looking information includes, but is not limited to, statements with respect to the date of the 2020 Shareholders’ Meeting and the anticipated filing of the Compensation Disclosure. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives”, “potential” or variations thereof, or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking information.

Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described under the heading “Risk Factors” in the Company’s annual information form dated March 18, 2021 for its fiscal year ended December 31, 2020 and other risks identified in the Company’s filings with Canadian securities regulators and the United States Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.

The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Company’s forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Company’s actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Company’s statements containing forward-looking information are based on the beliefs, expectations and opinions of management on the date the statements are made, and the Company does not assume any obligation to update such forward-looking information if circumstances or management’s beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information.

Contacts

Mike McAllister
Vice President, Investor Relations
Sierra Metals Inc.
Tel: +1 (416) 366-7777
Email: 
info@sierrametals.com

Luis Marchese
CEO

Sierra Metals Inc.
Tel: +1 (416) 366-7777

Friday, October 15, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Favorable Drill Results Keep Coming

Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Meaningful Bx 5 drill results. Chakana Copper released results for fourteen resource definition holes drilled in Breccia Bx 5. Recall Bx 5 is one of six breccia pipes that will support Chakana’s initial resource estimate. All holes intersected mineralization and the results confirmed shallow mineralization in the upper western half of the breccia pipe and deeper extents of mineralization. For example, Hole SDG21-226 returned 1.44 grams of gold per tonne, 13.2 grams of silver per tonne, and 0.66% copper over 157 meters, while Hole SDH21-229 returned 1.17 grams of gold per tonne, 0.55% copper, and 19.2 grams of silver per tonne over 268 meters.


Geophysical surveys will inform exploration drilling.  Gradient-array induced-polarization (IP) surveys have been done over 90% of the 12-square kilometer Soledad mineral system. Off-set IP surveying will follow to identify new targets and prioritize existing targets. We expect exploration drilling will resume at…

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Thursday, October 14, 2021

Coeur Mining (CDE)
Trimming 2021 Estimates; Still A Few Pieces to Fall Into Place

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Updating estimates. We have lowered our 2021 EPS and EBITDA estimates to $0.18 and $237.1 million from $0.21 and $249.0 million, respectively, due to lower commodity price assumptions. Our 2021 revenue estimate is $845.6 million versus our prior estimate of $875.3 million. We forecast 2022 revenue, EBITDA, and EPS of $931.6 million, $279.2 million, and $0.35, respectively.


Third quarter earnings release.  Coeur will report third quarter operational and financial results after the market close on October 27 and will host a conference call for investors on October 28 at 11:00 am ET. We think Coeur could announce some new management appointments and will provide updates on the Rochester expansion and Silvertip …

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Thursday, October 14, 2021

Garibaldi Resources (GGIFF)(GGI:CA)
Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling shifts to Casper. Due to the early onset of winter on the precipices of Nickel Mountain, management has shifted drilling to the lower elevation Casper quartz gold vein target north of Nickel Mountain. Recall that four shallow diamond drill holes tested the Casper quartz vein discovery in December 2020 with each hole intercepting mineralization. We expect the company to drill 4 to 6 holes at the Casper target. Select rock samples have been found to exceed 1.0 gram per tonne extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.


Geophysical survey results expected soon.  Garibaldi is expecting full results from the recently completed Z-Axis Tipper electromagnetic (ZTEM) survey that was completed over the entire Eskay Claim Group. Preliminary data identified several targets across the E&L and Palm Springs property that are near drill ready targets. The ZTEM survey data will help to define, rank, and prioritize deeper …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

 

Chakana Reports 268M of 1.17 g/t Gold, 0.55% Copper and 19.2 g/t Silver (1.48% Cu-EQ) in Breccia Pipe 5 from Surface at Soledad, Peru

 

Thursday, October 14, 2021

Garibaldi Resources (GGIFF)(GGI:CA)
Drilling Moves On to Casper; Awaiting Full Geophysical Survey Results

Garibaldi Resources Corp is a Canadian-based junior exploration company. It is engaged in the acquisition, exploration, and evaluation of mineral properties located in Canada and Mexico. The company’s projects in Mexico include the La Patilla, the Rodadero, the Tonichi and the Iris project. Its projects in Canada include the PSP and King projects, The Cariboo Copper and Gold project, the Red Lion project, the Grizzly project, the Tora Tora project and the Black Gold project.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling shifts to Casper. Due to the early onset of winter on the precipices of Nickel Mountain, management has shifted drilling to the lower elevation Casper quartz gold vein target north of Nickel Mountain. Recall that four shallow diamond drill holes tested the Casper quartz vein discovery in December 2020 with each hole intercepting mineralization. We expect the company to drill 4 to 6 holes at the Casper target. Select rock samples have been found to exceed 1.0 gram per tonne extending along trend for 330 meters within a 500-meter-wide gold-in-soil anomaly.


Geophysical survey results expected soon.  Garibaldi is expecting full results from the recently completed Z-Axis Tipper electromagnetic (ZTEM) survey that was completed over the entire Eskay Claim Group. Preliminary data identified several targets across the E&L and Palm Springs property that are near drill ready targets. The ZTEM survey data will help to define, rank, and prioritize deeper …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Wednesday, October 13, 2021

Chakana Copper Corp (CHKKF)(PERU:CA)
Scratching the Surface of Soledad’s Resource Potential

Noble Capital Markets research on Chakana Copper Corp is published under ticker symbols CHKKF and PERU:CA. The price target is in USD and based on ticker symbol CHKKF. Chakana Copper Corp is a Canadian-based minerals exploration company that is currently advancing the high-grade gold-copper-silver Soledad Project located in the Ancash region of Peru, a highly favorable mining jurisdiction with supportive communities. The Soledad Project consists of high-grade gold-copper-silver mineralization hosted in tourmaline breccia pipes. A total of 33,353 metres of drilling has been completed to-date, testing nine (9) of twenty-three (23) confirmed breccia pipes with more than 92 total targets. Chakana’s investors are uniquely positioned as the Soledad Project provides exposure to several metals including copper, gold, and silver.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Exploration drill results. Chakana released results from five exploration holes that tested two targets, including Bx 7 and the Marker breccia. Hole SDH21-212 at Breccia Bx 7 returned 0.62 grams of gold per tonne, 79 grams of silver per tonne, and 0.20% copper from surface to a depth of 220 meters. Three higher grade intervals were revealed at depth with increasing gold grades, high silver grades, and moderate copper grades. Additional drilling is needed to define its shape and depth before initiating resource definition drilling. At Marker, three shallow drill holes intersected tourmaline breccia but returned no significant grades.


Initial resource estimate expected by year-end.  The company expects to release an initial resource estimate in December which will include Bx 1, Bx 5, Bx 6, Paloma East, Paloma West, and Huancarama down to a depth of 300 meters. Resource definition drilling has been completed and the company has paused its exploration drilling program to complete geophysical surveys. Results for 51 resource …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.