Sierra Metals (TSX: SMT) 2020 Production Rises Despite Pandemic

1 min read | January 18, 2021 11:26 AM EST | By Team Kalkine Media

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Canadian mining company Sierra Metals consolidated mill throughput in 2020 rose by 6 per cent to 2.8 million ore. The growth was led by gold and copper productions, which witnessed an year-over-year increase of 18 per cent and 11 per cent, respectively.

Complete details of Sierra Metals (TSX:SMT) 2020 production

Precious and Base Metal	Production in 2020	Year-over-year % increase (2020 vs 2019)
Copper	44.3 million pounds	11%
Silver	3.5 million ounces	3%
Gold	13,771 ounces	18%
Zinc	81.9 million pounds	1%
Lead	33.0 million pounds	7%
Total	2.8 million ore tonnes	6%

The production surged despite continued COVID-related operational challenges.

The company predicts its copper equivalent production in 2021 will be 130.0 to 141.0 million pounds. Its consolidated EBITDA will be between $155.0 million and $170.0 million.

Sierra plans to invest up to $78.0 million on capital expenditures in 2021, including $10.0 million carried over 2020 Capex Budget, $37.0 million for capital requirements and $41.0 million for business development and expansion.

Sierra Metals stock is currently trading at C$ 4.54 apiece. Its current market cap is C$739 million with a price-to-earning ratio of 26.5 and price-to-book ratio of 9.2, as per TMX data.

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