Sierra Metals to Complete Voluntary Delisting from Bolsa de Valores de Lima

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Sierra Metals ($TSX:SMT) Inc. (TSX:SMT) (NYSE American:SMTS) is pleased to announce that it will be voluntarily delisting its common shares from the Bolsa de Valores de Lima (the “BVL”). This decision to proceed with the voluntary delisting was taken after careful consideration of the costs and benefits associated with maintaining a listing on the BVL. The Company concluded that the additional costs associated with continuing to list on the BVL outweighed the potential benefits to shareholders. Sierra Metals Inc. is a Canadian-based mining company with a portfolio of producing, development-stage and exploration properties in Mexico and Peru. The Company’s primary focus is on growing production and mineral resources at its three underground mines located in Mexico (Cusi and Bolivar) and Peru (Yauricocha). Sierra Metals has a long history of successful operations and strong relationships with local communities.

The Company is committed to creating value for its shareholders, as well as providing quality jobs and contributing to the development of the communities where it operates. The Company is continuously working to reduce its environmental footprint while ensuring that its employees, contractors, and suppliers adhere to the highest safety standards. By delisting from the BVL, Sierra Metals will be able to focus its resources on its operations and growth plans, while still providing the necessary information to investors through other major exchanges around the world. The Company will continue to provide timely and accurate disclosure to investors, as well as remain compliant with all applicable securities laws. Sierra Metals is confident that this decision is in the best interests of its shareholders, as it will enable the Company to focus on executing its strategic plans and further enhancing value for its shareholders.

Share Price

At the start of the trading day, the stock opened at CA$0.1 and closed at CA$0.2, soaring by 23.1% from the previous closing price of CA$0.1. The company’s primary focus is the production of zinc, copper, lead and silver from its Yauricocha Mine in Peru, Bolivar Mine in Mexico, and Cusi Mine in Mexico. The voluntary delisting from the Lima Stock Exchange is expected to simplify the company’s corporate structure, reduce administrative costs and create a more efficient and streamlined operating environment. In addition to the delisting from the Lima Stock Exchange, Sierra Metals has also requested to de-list its ordinary shares from the Toronto Stock Exchange (TSX). The company has indicated that it intends to continue trading on the TSX Venture Exchange (TSXV) and will be filing a listing application with the TSXV in due course.

The company believes that continuing to trade on the TSXV will provide investors with easy access to their shareholding information and allow them to continue to trade in the stock of Sierra Metals. Sierra Metals’ management team believes that the voluntary delisting from the Lima Stock Exchange will enable them to focus on their core operations and deliver improved returns to their shareholders. The company’s goal is to continue to maximize value for their shareholders by leveraging their existing assets, reducing costs and pursuing growth opportunities. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sierra Metals. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sierra Metals. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sierra Metals. More…

Key Ratios Snapshot

Some of the financial key ratios for Sierra Metals are shown below. More…

VI Analysis

SIERRA METALS has a medium risk rating according to the VI Risk Rating, which is based on an analysis of the company’s financial and business fundamentals. Therefore, it is important to consider the fundamentals of the company before investing in it. The VI App can help simplify this process. It has detected two risk warnings in the income sheet and balance sheet of SIERRA METALS. These warnings could be indicative of potential risks that should be considered before investing. Investors should also keep an eye on the company’s financial performance and any changes in its business strategy. In addition, investors should consider the company’s competitive landscape, as well as its potential for future growth. They should research the company’s competitors and analyze the market trends to gain a better understanding of the prospects for SIERRA METALS. It is important to note that investing in any company carries risk, and therefore investors should do their due diligence before investing in SIERRA METALS. By utilizing the VI App, investors can gain access to key insights about the company and make an informed decision about whether or not it is a suitable investment for them. More…

VI Peers

In the mining industry, competition is fierce. Companies are constantly vying for position, trying to get ahead of the competition. One such company is Sierra Metals Inc. They have been in competition with Austin Metals Ltd, Tamino Minerals Inc, and Falco Resources Ltd for some time now. Each company is trying to outdo the other, and it has been an interesting battle to watch.

– Austin Metals Ltd ($ASX:AYT)

Tamino Minerals Inc is a Canadian-based company engaged in the business of acquiring, exploring and developing mineral properties. The company has a market cap of 7.62M as of 2022 and a return on equity of -34.5%. Tamino Minerals Inc is focused on the exploration and development of its copper-gold project located in Peru.

– Tamino Minerals Inc ($OTCPK:TINO)

Falco Resources Ltd is a Canadian-based natural resources company with a focus on precious and base metals. The company has a market capitalization of 35.48 million as of 2022 and a return on equity of -3.13%. The company’s primary operations are located in the province of Quebec, Canada. Falco Resources Ltd is engaged in the exploration, development and production of mineral properties. The company’s principal asset is the Horne Mine, which is currently in production.

Summary

Investing in Sierra Metals Inc. can be a great way to diversify a portfolio. The company is a leading producer of silver and copper, and they have operations in Peru, Mexico, and Canada. When investing in Sierra Metals, investors should keep in mind that the company is focused on high-grade ore deposits, which can lead to higher production costs but also greater returns. The company has a strong balance sheet and focuses on cost control, making it a relatively safe investment. Sierra Metals also offers investors potential exposure to the growing Latin American market. As a result, investors may benefit from increased demand for silver and copper from the region. Additionally, the company has a good track record of paying dividends, so there is potential for income generation.

However, investors should also be aware of the risks associated with investing in Sierra Metals. The company is subject to price fluctuations related to commodity prices and currency exchange rates, as well as geopolitical risks related to the Latin American markets.

In addition, the company’s operations are subject to environmental regulations, which can impact the costs of production. Overall, investing in Sierra Metals Inc. can be a great way to diversify a portfolio and gain exposure to the Latin American markets. Investors should consider the risks associated with the company before investing and monitor their investments regularly.