Sierra Metals (SMTS) Provides Financial and Operations Update; Announces Strategic Review Process

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Sierra Metals Provides Financial and Operations Update and Announces Strategic Review Process

October 18, 2022 6:50 AM EDT

TORONTO--(BUSINESS WIRE)-- Sierra Metals Inc. (TSX: SMT) (NYSE American: SMTS) (BVL or Bolsa de Valores de Lima: SMT) (Sierra Metals or the Company) announced today that a special committee comprised of its independent directors (the Special Committee) has initiated a process to evaluate and consider the Companys current financial and liquidity position, operational challenges and possible financing and restructuring alternatives that may be available to the Company.

Financial and Operational Matters

The Company faces... More