Source: Sierra Metals.
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Sierra Metals (SMT) is reporting an illegal blockade at the Yauricocha Mine in Peru
  • The protest involves a group of residents from the town of Alis
  • Through dialogue between the company and protestors has been constructive, Sierra has suspended 2022 production and financial guidance until further notice
  • Sierra Metals is a diversified base metal miner active in Mexico and Peru
  • Sierra Metals (SMT) is unchanged, trading at $0.69 per share

Sierra Metals (SMT) reports an illegal blockade at the Yauricocha Mine in Peru.

The protest involves a group of residents from the town of Alis.

Mine production remains suspended, with activities limited to critical operations to ensure proper safety and maintenance.

Sierra is committed to the social development of its host communities and is working towards a peaceful resolution. Company representatives have engaged in constructive dialogue with members of the group, including requests spearheaded by the Peruvian government.

The company is taking all necessary precautions to safeguard its personnel and mine infrastructure.

Due to the uncertainty surrounding the dispute, Sierra has suspended 2022 production and financial guidance.

The Yauricocha mine is operated by subsidiary Sociedad Minera Corona.

Sierra Metals is a diversified base metal miner active in Mexico and Peru.

Sierra Metals (SMT) is unchanged, trading at $0.69 per share as of 9:39 am EST.


More From The Market Herald

" Independent geochemical modelling identifies Cu-Mo porphyry target at Montero’s (TSXV:MON) project in Chile

Montero Mining and Exploration (MON) received a positive report from Fathom Geophysics from the analysis of geochemical data on the Avispa property.

" Globex (TSX:GMX) announces resource increase

Globex Mining Enterprises (GMX) has announced a resource increase to 500,000 ounces of gold inferred on the Labyrinth Gold Project in Québec.

" Walker River (TSXV:WRR) begins re-drilling at the Lapon Gold Project

Walker River Resources (WRR) re-started reverse circulation drilling at the Lapon Gold Project, located some 60 km SE of Yerington, Nevada.

" Delta (TSXV:DLTA) resumes gold drilling in Thunder Bay

Delta Resources (DLTA) resumes drilling at the Delta-1 Gold Deposit in Thunder Bay, Ontario.