- Sierra Metals (SMT) is reporting an illegal blockade at the Yauricocha Mine in Peru
- The protest involves a group of residents from the town of Alis
- Through dialogue between the company and protestors has been constructive, Sierra has suspended 2022 production and financial guidance until further notice
- Sierra Metals is a diversified base metal miner active in Mexico and Peru
- Sierra Metals (SMT) is unchanged, trading at $0.69 per share
Sierra Metals (SMT) reports an illegal blockade at the Yauricocha Mine in Peru.
The protest involves a group of residents from the town of Alis.
Mine production remains suspended, with activities limited to critical operations to ensure proper safety and maintenance.
Sierra is committed to the social development of its host communities and is working towards a peaceful resolution. Company representatives have engaged in constructive dialogue with members of the group, including requests spearheaded by the Peruvian government.
The company is taking all necessary precautions to safeguard its personnel and mine infrastructure.
Due to the uncertainty surrounding the dispute, Sierra has suspended 2022 production and financial guidance.
The Yauricocha mine is operated by subsidiary Sociedad Minera Corona.
Sierra Metals is a diversified base metal miner active in Mexico and Peru.
Sierra Metals (SMT) is unchanged, trading at $0.69 per share as of 9:39 am EST.
