Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL: SMT) (Sierra Metals or the Company) today announced the resolution of the strike action at the Companys Yauricocha Mine in Peru that had been running since March 19, 2019, initiated by the Union of the Mine and Metallurgical Workers of Minera Corona.
During the strike there were no material situations that took place and an agreement has been reached whereby no contractors dismissed as part of the contractor change will be reinstated, which was the initial reason for the strike.
Employees will arrive back the Camp of the Yauricocha Mine on Saturday April 13, 2019, and regular operations of the mine will begin on Sunday, April 14, 2019.
Igor Gonzales, President, and CEO commented, Management believes that lost production experienced during this strike action will not materially affect the Companys annual production guidance or mine budget.
About Sierra Metals
Sierra Metals Inc. is a Canadian-based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and it’s 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 discoveries and still has additional brownfield exploration opportunities at all three mines in Peru and Mexico that are within or close proximity to the existing mines. Additionally, the Company has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.
The Companys 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 or contact:
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This press release contains forward-looking information and forward-looking statements within the meaning of Canadian and U.S. securities laws related to the Company (collectively, forward-looking information). Forward-looking information includes, but is not limited to, statements with respect to the Companys operations, including anticipated developments in the Companys operations in future periods, the Companys planned exploration activities, the adequacy of the Companys financial resources, and other events or conditions that may occur in the future. Statements concerning mineral reserve and resource estimates may also be considered to constitute forward-looking statements to the extent that they involve estimates of the mineralization that will be encountered if and when the properties are developed or further developed. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. 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, risks inherent in the mining industry including environmental hazards, industrial accidents, unusual or unexpected geological formations, floods, labour disruptions, explosions, cave-ins, weather conditions and criminal activity; commodity price fluctuations; higher operating and/or capital costs; lack of available infrastructure; the possibility that future exploration, development or mining results will not be consistent with the Companys expectations; risks associated with the estimation of mineral resources and the geology, grade and continuity of mineral deposits and the inability to replace reserves; fluctuations in the price of commodities used in the Companys operations; risks related to foreign operations; changes in laws or policies, foreign taxation, delays or the inability to obtain necessary governmental permits; risks relating to outstanding borrowings; issues regarding title to the Companys properties; risks related to environmental regulation; litigation risks; risks related to uninsured hazards; the impact of competition; volatility in the price of the Companys securities; global financial risks; inability to attract or retain qualified employees; potential conflicts of interest; risks related to a controlling group of shareholders; dependence on third parties; differences in U.S. and Canadian reporting of mineral reserves and resources; potential dilutive transactions; foreign currency risks; risks related to business cycles; liquidity risks; reliance on internal control systems; credit risks, including risks related to the Companys compliance with covenants with respect to its BCP Facility; uncertainty of production and cost estimates for the Yauricocha Mine, the Bolivar Mine and the Cusi Mine; and other risks identified in the Companys filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, which filings are available at www.sedar.com and www.sec.gov, respectively.
This list is not exhaustive of the factors that may affect any of the Companys forward-looking information. Forward looking information includes statements about the future and are inherently uncertain, and the Companys 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 Companys 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 forward-looking information if circumstances or managements 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.
Note Regarding Reserve and Resource Estimates
All reserve and resource estimates reported by the Company are calculated in accordance with the Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects and Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the SEC. The differences between these standards are discussed in our SEC filings. Mineral resources which are not mineral reserves do not have demonstrated economic viability.
V.P. Corporate Development
+1 (416) 366-7777
Chief Operating Officer
+1 (416) 366-7777
President & CEO
Sierra Metals Inc.
DRJ Academy Gives Business Continuity Planners a Place to Start
During these extraordinary times, more and more businesses continuity practitioners are pushed into service with no experience.
To help with this growing need to educate newcomers, Disaster Recovery Journal (DRJ) and Lambert Learning Institute have joined forces to launch DRJ Academy.
Its an idea that came out of a gap weve seen in our profession for many years, said Bob Arnold, DRJ president. Even though DRJ has many educational opportunities, there have been a lot of new practitioners entering the market who have no idea what they are doing starting out and no idea where to go for training.
They are asked to handle this job and told ˜here, youre our new business continuity practitioner. They can read our magazine or attend our conferences and weekly webinars, but there wasnt a simple, entry-level program to quickly give people the fundamentals every business continuity professional must have.
DRJ Academys first course is an innovative online training program, designed to introduce all of the planning fundamentals, key skills, and processes to follow as an entry-level business continuity professional. The BC Primer course walks practitioners through the strategic and tactical process of launching a new BC program, restoring a broken program, or re-establishing an abandoned BC program.
Our first task was finding someone who could produce this simple business continuity program in an effective way, and I think Lambert Learning Institute was the true logical choice, said Arnold.
Phil Lambert, MBCP, CBCP, brings 25 years of experience to DRJ Academy and years of teaching others within the industry.
When I first started the Center of Continuity Leadership (renamed Ripcord Solutions), I put together several all-day workshops for practitioners which was widely accepted by planners, said Lambert. Ive always had a heart to provide to the professional practitioner what they needed to be successful and to increase their significance to the organization.
I have felt the industry has not supported the practitioner all that well with the level of education provided to them. They can pick up experience over years of conferences, webinars, or trial-and-error, but there wasnt a practical, fundamental, applicable course for taking someone who knows nothing about business continuity and be able to engage them in that first year of implementing a program.
Lambert believes DRJ Academy can help individuals get their resilience program “ and a new career “ off the ground the way it should be.
Our goal is to take an entry level person with no experience in business continuity and get them through that difficult first year, said Lambert. With all that must be accomplished those first 12 months, the BC Primer course provides a step-by-step process that will achieve the expected results.
DRJ Academy will show practitioners how to design and implement an agile, smart, systematic, practical, and functional business continuity program.
Visit www.drj.com/academy and get started today.
About Disaster Recovery Journal
DRJ is the industrys largest resource for business continuity, disaster recovery, crisis communication, and risk management, reaching a global network of more than 138,000 professionals. Offering weekly webinars, the latest industry news, resources, podcasts, an official mentoring program, a quarterly magazine, DRJ Academy, and two annual live conferences, DRJ is leading the way to keep professionals up-to-date and connected in an ever-changing world. Our mission is to give business continuity professionals the insight, information, and inspiration they need to make smarter decisions concerning the overall protection of their organization. Subscribe or follow us on social media today. For more information about Disaster Recovery Journal, visit www.drj.com.
About Lambert Learning Institute
Resiliency practitioner training made simple “ this is the foundation of Lambert Learning Institute. After founding Ripcord Solutions and developing countless customized client resiliency courses the past 15 years, Phil Lamberts original passion for the practitioners success became unbearable to suppress. Seeing a need for sensible, practical, and experience-based training and instruction, the goal of Lambert Learning Institute is that every practitioner who wants to reach a higher level of success will have access to the best education and tools in the industry. Every course, presentation, and blog posting from Lambert Learning Institute contains helpful tactics and tools that are practical and easily implemented.
Disaster Recovery Journal
Think Tank Introduces Retrospective 50 Duffel Bag
Inspired by their award-winning line of Retrospective camera bags, Think Tank is proud to introduce their new Retrospective 50 Duffel Bag. Bringing to mind a rugged adventurer, this classic canvas duffel is sized and appointed for the modern traveler. Durable and soft, the high-quality cotton canvas is stone-washed to achieve a style that is unique to each bag. The interior is lined with soft plaid ripstop fabric that highlights the craftsmanship of this heritage piece.
Welded metal hardware with leather reinforcement creates strong connections, giving the Retrospective Duffel a timeless look. A wide, padded shoulder strap offers Think Tanks legendary carry comfort. Plus, a rugged, oversized YKK zipper provides wide access to 50 liters of capacity. Adventure awaits, get out there with this classic-styled duffel!
Some timeless classics just never get old, said Doug Murdoch, Think Tank CEO and Lead Designer. The Retrospective 50 Duffel has all of the quality and design details that have made our Retrospective camera bag line so popular, and were proud to introduce the Think Tank Photo legacy to the broader travel market.
- Stone-washed 100% cotton canvas is soft and rugged with a refined appearance
- Full-grain Dakota leather zipper pulls, handles and reinforcement panels
- Premium liner, 300D two-tone twill ripstop
- Antique plated metal hardware
- Wide zippered opening provides access to main compartment
- 50 liters of total storage
- Large zippered pocket for easy access to essential items
- Robust duffel handles
- Thick webbing grab-handles on all four sides
- Removable shoulder strap features a comfortable shoulder pad with non-slip silicone
- Oversized #10 YKK zippers are the best in the world
- Lockable zipper sliders (lock sold separately)
- Durable water-repellant (DWR) coating
- Sand-washed 100% cotton canvas
- YKK RC Fuse (abrasion-resistant) zippers ¢ Antique plated metal hardware
- Ribbed nylon webbing
- Full-grain Dakota leather
- 3-ply bonded nylon thread
- P300D two-tone twill ripstop liner ¢ 3-ply bonded nylon thread
ABOUT THINK TANK PHOTO
Headquartered in Santa Rosa, California, Think Tank Photo is a group of expert product designers and professional photographers focused on studying how photographers work in order to develop inventive new carrying solutions that meet professional needs.
Genesis Energy, L.P. Sets Date for Release of Fourth Quarter Results and Conference Call
Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Fourth Quarter ended December 31, 2020 on February 18, 2021, before the market opens.
Genesis Energy, L.P.s Fourth Quarter Earnings Conference Call will be held Thursday, February 18, 2021, at 8:30 a.m. Central time (9:30 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
SVP – Finance and Corporate Development
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