Sierra Metals (SMTS) Reports Q3 Revenues Beat
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Sierra Metals Reports Record Adjusted EBITDA of $37.2 Million, a 73% Increase Over Q3 2019, as Part of Its Strong Q3 2020 Consolidated Financial Results
November 9, 2020 6:45 AM ESTConference Call November 9, 2020 at 11:00 AM (EST)Â
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(All $ figures reported in USD)
Revenue from metals payable of $73.2 million in Q3 2020 increased 13% from $64.6 million in Q3 2019 due to higher throughput and metal production from all three mines Adjusted EBITDA of $37.2 million in Q3 2020 increased 73% from $21.6 million in Q3 2019, primarily due to increased revenues realized and a decrease in operating costs at all three mines Operating cash flows before movements in working capital of $37.9 million in Q3 2020 increased from $21.8 million in Q3 2019 Q3 2020 consolidated copper production of... More