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BRIEF-Sierra Metals Reports 2019 Production Results and Announces 2020 Guidance

Published 2020-01-23, 07:18 a/m
Updated 2020-01-23, 01:19 p/m
BRIEF-Sierra Metals Reports 2019 Production Results and Announces 2020 Guidance

Jan 23 (Reuters) - Sierra Metals Inc SMT.TO :

* SIERRA METALS - Q4 2019 SILVER PRODUCTION OF 0.9 MILLION OUNCES, UP 24%

* SIERRA METALS INC QTRLY COPPER PRODUCTION OF 39.9 MILLION POUNDS, UP 17%

* SIERRA METALS - ANTICIPATES THAT 2020 COPPER EQUIVALENT PRODUCTION WILL RANGE BETWEEN 127.1 TO 142.5 MILLION POUNDS

* SIERRA METALS INC SEES 2020 SILVER EQUIVALENT PRODUCTION TO RANGE BETWEEN 20.1 TO 22.6 MILLION OUNCES

* SIERRA METALS INC SEES 2020 CONSOLIDATED EBITDA INCLUDING CORPORATE EXPENSES BETWEEN US$109.2 MILLION AND US$126.2 MILLION

* SIERRA METALS - INTENDS TO LAUNCH SUBSTANTIAL ISSUER BID PURSUANT TO WHICH CO WILL OFFER TO REPURCHASE UP TO US$15 MILLION OF COMMON SHARES

* SIERRA METALS - SUBSTANTIAL ISSUER BID OFFER WILL PROCEED BY WAY OF MODIFIED DUTCH AUCTION

* SIERRA METALS - BOARD CONTINUING ONGOING REVIEW, CONSIDERATION WITH RESPECT TO METHOD BY WHICH REMAINING US$15 MILLION WILL BE DISTRIBUTED TO SHAREHOLDERS

* SIERRA METALS - IN 2020, PLANS TO INVEST TOTAL OF UP TO US$52 MILLION ON CAPITAL EXPENDITURES

* SIERRA METALS INC QTRLY GOLD PRODUCTION OF 3,615 OUNCES; A 69% INCREASE FROM Q4 2018

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