Movers and SHAKERS
Friday, June 19, 2020
Sierra Metals (SMTS)(SMT:CA)
Growth Outlook at the Cusi Mine Gets a Boost
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, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
High-grade silver discovery at Cusi. Sierra Metals announced the discovery of a new high-grade silver zone composed of multiple veins extending over 300 meters in length which are in proximity to the Cusi mine’s existing operations. The company plans to drill an additional 1,000 meters to better understand the extension of the zone at depth.
New resources could support Cusi mine expansion. The discovery of a new high-grade silver zone should better position the Cusi mine for longer-term production expansion and greater profitability. Additionally, reinterpretation of the geological system from...
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.