Jan 8 (Reuters) - Sierra Metals Inc SMT.TO :
* SIERRA METALS INC SAYS BOARD HAS APPROVED PLAN TO RETURN UP TO $30 MILLION TO SHAREHOLDERS IN COMING YEAR
* SIERRA METALS INC SAYS WILL OFFER TO REPURCHASE FOR CANCELLATION UP TO $15 MILLION OF ITS COMMON SHARES
* SIERRA METALS INC SAYS INTENDS TO FUND REPURCHASE WITH AVAILABLE CASH ON HAND AND EXPECTS TO ANNOUNCE TERMS OF OFFER IN Q2 OF 2020