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Emerging Mid Tier Precious Metals Producer

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Jan 27, 2015 09:43AM

Here are the Stats that Blackfly6 commented about...


Fourth Quarter Production Highlights


Total tonnes processed of 428,859; a 10% increase over Q4 2013
Silver production of 875,400 ounces; a 34% increase over Q4 2013
Copper production of 5.9 million pounds; a 23% increase over Q4 2013
Lead production of 12.1 million pounds; a 7% increase over Q4 2013
Zinc production of 13.4 million pounds; consistent with Q4 2013
Gold production of 2,329 ounces; a 40% increase over Q4 2013


2014 Annual Production Highlights


Total tonnes processed of 1,706,715; a 29% increase over 2013
Silver production of 3,148,145 ounces; a 23% increase over 2013
Copper production of 22.6 million pounds; a 42% increase over 2013
Lead production of 48.8 million pounds; a 29% increase over 2013
Zinc production of 54.3 million pounds; a 5% increase over 2013
Gold production of 9,457 ounces; a 40% increase over 2013


Production Guidance for 2015



Silver: 3,144,000 oz - 3,668,000 oz
Copper: 21.0 million lb - 24.3 million lb
Lead: 44.3 million lb - 51.8 million lb
Zinc: 41.9 million lb - 48.9 million lb
Gold: 11,200 oz - 13,000 oz



Audra Walsh, President and CEO of Sierra Metals, commented: "2014 was another record year of metal production driven by organic growth in our three mines. The Company's metal production exceeded the high end of the guidance for silver, gold, lead and zinc while copper production was within the guidance range. Our Q4 2014 production of 875,400 silver ounces was the highest quarter in the history of the Company, as was the ore throughput. The management team remains focused on executing opportunities to further increase production and reduce costs in 2015, which we anticipate will help offset the impact of depressed metal prices. The quality of our assets will enable us to continue delivering solid production results during 2015."



Mine Operations



The total tonnes of ore processed of 1,706,715 in 2014 compared to 1,321,781 in 2013 was a 29% increase year-over-year. The success of increasing consolidated metal production in 2014 was assisted by higher throughput at all three mines, Bolivar (76%), Cusi (45%) and Yauricocha (6%).



A summarized table of our Q4 2014 consolidated production results is available on the companys website.:

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Feb 01, 2015 07:26PM
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