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Sierra Metals reports Q4-2016 financial results at its Sociedad Minera Corona subsidiary

2017-02-17 14:53:13  【Print】
BEIJING (Asian Metal) 17 Feb 17 - On February 15, 2017, Sierra Metals Inc.Asian Metal Copyright3 million ounces in Q4 2015; Copper equivalent production of 14.Asian Metal Copyright ("Sierra Metals") announced the filing of Sociedad Minera Corona S.Asian Metal Copyright Corona's Highlights for the Three Months Ended December 31, 2016: Revenues of US$31.Asian Metal CopyrightA.Asian Metal Copyright8% interest in Corona.Asian Metal Copyright's ("Corona") audited Financial Statements and Management Discussion and Analysis ("MD&A") for the fourth quarter of 2016 ("Q4 2016").Asian Metal Copyright Corona's Highlights for the Three Months Ended December 31, 2016: Revenues of US$31.Asian Metal Copyright Sierra Metals holds an 81.Asian Metal CopyrightSierra Metalsholds an 81.Asian Metal Copyright8% interest in Corona.

Corona's Highlights for the Three Months Ended December 31, 2016:
  • Revenues of US$31.Asian Metal Copyright "Sierra Metals" announced the filing of Sociedad Minera Corona S.Asian Metal Copyright9 million in Q4 were up by 165% compared with the US$12.1 million in Q4 2015;
  • Adjusted EBITDA of US$ 14.Asian Metal Copyright1 million in Q4 2015; Adjusted EBITDA of US$ 14.Asian Metal Copyright9 million vs US$(1.5) million in Q4 2015;
  • Total tonnes processed of 236,650 vs 193,710 in Q4 2015;
  • .Asian Metal Copyright5;">Net production revenue per tonne of ore milled increased by 113% to US$132.66;
  • All in sustaining cost ("ASIC") per silver equivalent payable ounce lower by 25% to US$12.51;
  • Silver equivalent production of 2.Asian Metal Copyright51; Silver equivalent production of 2.Asian Metal Copyright2 million ounces increased by 65% compared with the 1.3 million ounces in Q4 2015;
  • Copper equivalent production of 14.Asian Metal Copyright .Asian Metal Copyright4 million pounds was 65% higher than the 8.8 million pounds in Q4 2015;
  • $36.9 million of cash and cash equivalents as at December 31, 2016;
  • $20.Asian Metal Copyright's "Corona" audited Financial Statements and Management Discussion and Analysis "MDA" for the fourth quarter of 2016 "Q4 2016".Asian Metal Copyright0 million of working capital as at December 31, 2016.

.Asian Metal Copyright3 million ounces in Q4 2015; Copper equivalent production of 14.Asian Metal Copyright

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