Sierra Metals Inc - SMTSF stock
| OTC Tier: OTCQX | Related ticker symbols: TSX: SMT
About[edit]
Sierra Metals Inc. and its subsidiaries are dedicated to the production, exploration, and development of precious and base metals in Peru and Mexico, with a primary focus on silver, copper, lead, zinc, and gold deposits. Their key asset is the Yauricocha Mine, a polymetallic property covering 18,778 hectares in the Yauyos province of Peru, in which they hold an 81.84% ownership stake. The company, previously known as Dia Bras Exploration Inc., underwent a name change to Sierra Metals Inc. in December 2012 and was established in 1996, headquartered in Oakville, Canada.[1]
History[edit]
Sierra Metals Inc. has its roots in the exploration and mining activities of Dia Bras Exploration Inc., a company that was founded in 1996. Dia Bras Exploration Inc. was focused on the exploration and development of mineral properties, particularly in Mexico and Peru. Over the years, Dia Bras Exploration Inc. acquired and developed several mining projects, primarily targeting precious and base metals like silver, copper, lead, zinc, and gold. One of its key assets was the Yauricocha Mine in Peru, a polymetallic deposit with significant potential.[2]
In December 2012, Dia Bras Exploration Inc. underwent a significant change and rebranding. The company changed its name to Sierra Metals Inc., marking a new phase in its corporate identity and signaling its commitment to expanding its presence in the mining industry.[2]
The name "Sierra Metals" reflects the company's focus on mining activities in mountainous regions, as "Sierra" translates to "mountain range" in Spanish. The new name represented the company's vision to continue exploring and developing mineral deposits in the rugged terrains of Peru and Mexico. Since its rebranding as Sierra Metals Inc., the company has continued its exploration and production activities, further developing its flagship Yauricocha Mine in Peru and other mining projects in Mexico. It has expanded its operations and contributed to the mining industry's growth in the regions where it operates.[3]
- ↑ Yahoo Finance. SMTSF Stock Profile. Retrieved on 9/6/2023.
- ↑ 2.0 2.1 sierrametals.com. About Sierra. Retrieved on 9/6/2023.
- ↑ SEC.gov. Independent Technical Report for the Cusi Mine, Chihuahua State, Mexico. November 13, 2020.
