Sierra Metals Inc (TSX:SMT)
C$ 0.83 -0.03 (-3.49%) Market Cap: 175.05 Mil Enterprise Value: 283.94 Mil PE Ratio: 0 PB Ratio: 1.53 GF Score: 49/100
Back to the Transcripts List

Q2 2024 Sierra Metals Inc Earnings Call Transcript

Aug 12, 2024 / 03:00PM GMT
Release Date Price: C$0.66 (-2.94%)

Key Points

Positve
  • Sierra Metals Inc (SMTSF) reported a strong cash flow from operations, reaffirming their 2024 guidance.
  • The company successfully refinanced its debt, enhancing financial flexibility and extending the maturity profile.
  • Production levels are expected to increase in the second half of 2024, with full capacity production at Yauricocha anticipated by Q4 2024.
  • The new primary crusher at Bolivar is operational, and water availability issues have been resolved, which should boost production.
  • Sierra Metals Inc (SMTSF) has a significant amount of mineral reserves and resources, providing a foundation for growth at Yauricocha and Bolivar mines.
Negative
  • Production at both Yauricocha and Bolivar mines was lower in Q2 2024 compared to Q1 2024 and Q2 2023 due to lower grades and throughput.
  • Cash costs and all-in sustaining costs per pound increased due to lower grades and throughput, leading to higher unit costs.
  • The company experienced a decrease in metal sales, resulting in a drop in corporate development payments.
  • Bolivar's lower grades during Q2 2024 were a result of the mining program sequence, impacting overall production.
  • The company is still in the pre-engineering phase for the expansion of the tailings facility at Bolivar, which may take two to three years to complete.
Operator

Thank you for standing by. This is the conference operator. Welcome to the Sierra Metals Inc. second quarter 2024 financial and operating results conference call. As a reminder, all participants are in listen-only mode and the conference is being recorded. (Operator Instructions)

I will now hand the call over to Lia Benavides, the company's new Corporate Finance Manager. Please go ahead.

Lia Benavides
Sierra Metals Inc - Corporate Finance Manager

Thanks. The company presentation for today's call is available for download from the company's website at sierrametals.com. Today's press release, the financial statements and the MD&A are posted on our website and on SEDAR+. I would like to note that this earnings call contains forward-looking information that is based on the company's current expectations, estimates and beliefs. Please review our Q2 2024 disclosure materials for forward-looking information.

Please note that all dollar amounts mentioned on today's call are in US dollars, unless otherwise noted, and that all unit cash cost and

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.