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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 CopyrightSierra Metalsholds an 81.Asian Metal Copyright ("Sierra Metals") announced the filing of Sociedad Minera Corona S.Asian Metal CopyrightBEIJING Asian Metal 17 Feb 17 - On February 15, 2017, Sierra Metals Inc.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 CopyrightBEIJING Asian Metal 17 Feb 17 - On February 15, 2017, Sierra Metals Inc.Asian Metal Copyright Sierra Metals holds an 81.Asian Metal Copyright9 million in Q4 were up by 165% compared with the US$12.Asian Metal Copyright8% interest in Corona.

Corona's Highlights for the Three Months Ended December 31, 2016:
  • Revenues of US$31.Asian Metal Copyright8 million pounds in Q4 2015; $36.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 Copyright51; Silver equivalent production of 2.Asian Metal Copyright9 million vs US$(1.5) million in Q4 2015;
  • Total tonnes processed of 236,650 vs 193,710 in Q4 2015;
  • 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 Copyright .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 Copyright51; Silver equivalent production of 2.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 CopyrightSierra Metalsholds an 81.Asian Metal Copyright0 million of working capital as at December 31, 2016.

.Asian Metal Copyright8% interest in Corona.Asian Metal Copyright

Copper Conc.

20%min China

Unit:RMB/mt
China's active low-oxygen copper rod producers' number MoM inventory increase for refined copper statistics by province by month
Unit: pcs
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