Yauricocha Mine

Canadian mining company Sierra Metals Inc. received an Informe Técnico Minero (TM) Permit from the Peruvian Ministry of Energy and Mines for the construction and operation at a capacity of 3,600 metric tons per day (mt/d) at the Yauricocha mine in Peru. This will be a 20% increase in throughput at the mine.

CEO Luis Marchese said, “Additionally, we continue focusing on the completion of the prefeasibility study at Yauricocha, which examines increasing throughput to 5,500 mt/d starting in 2024, as well as on the prefeasibility studies for our Mexican operations.”

He added that the company will continue with its organic growth plans, which includes brownfield and greenfield exploration to support future mineral resource and production growth. “Management also continues to focus on improving and modernizing our mine operations, increasing operating efficiencies to improve productivity and reduce costs,” he said.

In addition to the Yauricocha mine, the company also owns the Bolivar and Cusi mines in Mexico. It also recently had several new key discoveries and more brownfield exploration opportunities at all three mines. The company said it also has large land packages at all three mines with several prospective regional targets providing longer-term exploration upside and mineral resource growth potential.