Sierra Metals (SMTS) Misses Q3 EPS by 12c
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Sierra Metals Reports Q3 2021 Consolidated Financial Results and Provides Revised EBITDA Guidance For 2021
November 8, 2021 5:02 PM ESTCONFERENCE CALL NOVEMBER 9, 2021, AT 10:30 AM (EST)
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(All $ figures reported in USD)
Revenue from metals payable of $60.7 million in Q3 2021 decreased by 17% from $73.2 million in Q3 2020, largely due to the lower grades at the Yauricocha and Bolivar mines combined with operational challenges at the Cusi mine Adjusted EBITDA(1) of $17.4 million for Q3 2021 decreased by 53% compared to $37.2 million in Q3 2020 due to the decrease in revenues realized Revised EBITDA Guidance for 2021 ($105M-$110M) primarily due to temporary operating restrictions at Bolivar Mine resulting from residual... More