The corporate at present operates the Yauricocha polymetallic mine in Peru that produced over 40,000 lb. of copper-equivalent at an all-in sustaining price of $3.56/lb. final yr.
Lately, Sierra Metals up to date the Yauricocha mineral reserves to six.4 million tonnes at 1.02% copper, 1.83% zinc, 34.43 g/t silver, 0.36 g/t gold and 0.43% lead.
New CFO
Along with the Peruvian itemizing, the miner has additionally introduced the appointment of Jean Pierre Fort as chief monetary officer, efficient July 1, 2024. He’ll succeed Jose Fernandez-Baca, who’s retiring from the corporate.
Fort brings greater than a decade of monetary and operational expertise as incoming CFO. He joined Sierra Metals in 2023 as head of enterprise improvement and company finance. Beforehand, he was CFO and head of company improvement at Silver Mountain Sources, the place he led its profitable preliminary public providing.
Previous to that, he served as an affiliate within the mining and metals funding banking crew at RBC Capital Markets in Toronto, and labored in finance, investor relations and provide chain operations at Volcan Compañia Minera, a Peruvian-based treasured and base metals producer.
“We’re delighted to welcome Jean Pierre to the manager administration crew at Sierra Metals. Jean Pierre brings senior monetary and capital markets experience to the function, complemented by mining business expertise in each base and treasured metals,” Balarezo said in a press launch.