Sierra Metals Achieves Record 2012 Production; Provides 2013 Guidance

By Staff,

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Sierra Metals Inc. (SMT.V) announced its 2012 annual and fourth quarter production results and to issue production guidance for 2013.

Total of 1,269,849 tonnes processed in 2012 compared to 657,086 tonnes in 2011. An increase of 93% year-over-year. Total silver production of 2,620,735 ounces in 2012 compared to 1,517,079 oz in 2011. Total copper production of 15.9 million pounds in 2012 compared to 10.5 million lb in 2011. Total lead production of 35.7 million lb in 2012 compared to 19.6 million lb in 2011.

The company has also provided production guidance for 2013: silver of 2,582,000 oz - 2,922,000 oz, copper of 20.5 million lb - 23.1 million lb, lead of 42.5 million lb - 48.1 million lb, zinc of 53.7 million lb - 60.8 million lb, gold of 6,000 oz - 7,000 oz.

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This article appears in: Investing Commodities
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