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BRIEF-Sierra Metals Reports Delay To Yauricocha Mine Environmental Impact Assessment

Published 2018-12-05, 09:17 a/m
Updated 2018-12-05, 09:20 a/m
© Reuters.  BRIEF-Sierra Metals Reports Delay To Yauricocha Mine Environmental Impact Assessment

© Reuters. BRIEF-Sierra Metals Reports Delay To Yauricocha Mine Environmental Impact Assessment

Dec 5 (Reuters) - Sierra Metals Inc SMT.TO :

* SIERRA METALS REPORTS DELAY TO YAURICOCHA MINE ENVIRONMENTAL IMPACT ASSESSMENT FOR THE EXPANSION OF THE TAILINGS DEPOSITION FACILTY

* SIERRA METALS INC - AUTHORITIES DID NOT APPROVE EIA STUDY FOR EXPANSION OF TAILINGS DEPOSITION FACILITY AT YAURICOCHA MINE AT THIS TIME

* SIERRA METALS INC - BELIEVES REQUIRED DOCUMENTATION WAS SUBMITTED, DEMONSTRATING COMPLETE FULFILLMENT OF ALL REQUIREMENTS FOR EIA STUDY APPROVAL

* SIERRA METALS INC - DELAY, IN MANAGEMENT VIEW, MAY NOT SIGNIFICANTLY IMPACT FUTURE PRODUCTION PLANS AT YAURICOCHA MINE OPERATIONS

* SIERRA METALS - DELAY COULD REPRESENT UP TO 7 PERCENT TEMPORARY SHORTFALL IN TOTAL DAILY ORE PRODUCTION VERSUS PROJECTIONS THAT WOULDN'T INCLUDE PERMIT DELAY

* SIERRA METALS INC - EXPANSION PLANS IN MEXICO TO 3,600 TPD AT BOLIVAR AND TO 1,200 TPD AT CUSI STILL ON TRACK, AND ON BUDGET TO BE COMPLETED IN Q1

* SIERRA METALS INC - CONFIDENT THAT CURRENT PERMIT DELAY IN PERU WILL BE RESOLVED

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