Sierra Metals Inc. announces that it has been notified by the Toronto Stock Exchange that the TSX will defer its consideration of the acceptance of the Company's shareholder rights plan dated December 30, 2024 until such time as the TSX is satisfied that the appropriate securities regulatory authority will not intervene pursuant to National Instrument 62-102 - Take-Over Bids - Defensive Tactics and, the ratification of [...]
Sierra Metals Inc. is pleased to report drill results for the 2024 drill program in the Marian Zone at the Company's Bolivar Mine in Mexico . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250121511907/en/ Figure 1: Bolivar Mine. Marian structure is near the main developed zones next to the Cieneguita ore body . These recent drill results have the potential to [...]
Sierra Metals Inc. reports fourth quarter and full year 2024 production results from its two underground mines in Latin America: the Yauricocha polymetallic mine in Peru and the copper-producing Bolivar mine in Mexico. Ernesto Balarezo, CEO of Sierra Metals, commented, "Sierra Metals' strong production results in 2024 are a testament to the hard work of our entire team and more proof of the momentum we are seeing across [...]
Sierra Metals announced that its Board of Directors, following careful consideration and receipt of the unanimous recommendation of a special committee of its independent directors, and after consultation with its financial and legal advisors, has recommended that Sierra shareholders reject the unsolicited all-cash take-over bid by an affiliate of Alpayana, to acquire all of the issued and outstanding common shares of [...]
Alpayana S.A.C. , today announced that it has commenced a formal all-cash offer to acquire all of the issued and outstanding common shares of Sierra Metals Inc. through its newly formed Canadian wholly-owned subsidiary . The offer to purchase and circular and related documents were mailed to Sierra shareholders on December 30, 2024 and the Offer commenced the same day. The Offer to Purchase and Circular have been filed [...]
Sierra Metals announces that it has adopted a shareholder rights plan effective. The Rights Plan is designed to ensure that all Sierra Metals shareholders are treated fairly in connection with any take-over bid and to protect against "creeping bids" for the outstanding common shares of Sierra Metals through purchases exempt from applicable take over-bid rules. Subject to the terms of the Rights Plan, in the event that [...]
Sierra Metals Inc. today announced that a majority of its shareholders have committed not to tender their shares in the event that Alpayana S.A.C. formalizes its proposed unsolicited all-cash take-over bid to acquire all of the issued and outstanding common shares of Sierra Metals for C$0.85 per share. Following the press release issued by Alpayana on December 16, 2024, members of the Company's Board of Directors and [...]
Sierra Metals Inc. acknowledges the press release issued yesterday on behalf of Alpayana S.A.C. announcing an intention to commence an unsolicited all-cash takeover bid to acquire all of the issued and outstanding common shares of Sierra Metals. Sierra Metals cautions shareholders that the announcement does not constitute an offer to acquire securities. Sierra Metals notes that there can be no assurance that any offer [...]
The cash consideration under the Offer represents a premium of approximately 26% based on the volume weighted average trading price of C$0.676 per Common Share on the TSX over the 30-trading days prior to December 13, 2024 and 10% based on the closing price of C$0.770 per Common Share on the TSX on December 13, 2024. Shareholders with questions about the Offer can contact Shorecrest Group at 1-888-637-5789 or +1 [...]
Sierra Metals Inc. announces that it will hold a special meeting of shareholders on January 31, 2025. The Company has set a record date for the Special Meeting of December 30, 2024. The purpose of the Special Meeting is to seek authorization from the Company's shareholders to enable the Board of Directors to consider a consolidation of all of the Company's issued and outstanding common shares at a ratio of one [...]
Sierra Metals Inc. is pleased to provide production and cost guidance for 2025 for its two underground mines in Latin America: the Yauricocha mine in Peru and the Bolivar mine in Mexico. Ernesto Balarezo, CEO of Sierra Metals, comments, "We are very excited to have reached full capacity levels in Yauricocha, allowing us to operate at higher throughput rates. The latter is reflected in the increased metal production and [...]
Sierra Metals Inc. is pleased to report that its Yauricocha mine in Peru has reached a full capacity throughput rate of 3,600 tonnes per day since the beginning of the fourth quarter. Mine development below the 1120 level was completed on time and on budget and will extend the mine life at Yauricocha. Ernesto Balarezo, Sierra Metals' CEO, comments, "Since receiving operating and environmental permits to develop and mine [...]
