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Sierra Metals reports fourth quarter and year-end 2016 financial results

  • Adjusted EBITDA of $41.9 million in 2016 increased 30% from $32.3 million in 2015
  • Operating cash flows before movements in working capital of $44.3 million in 2016 increased 36% from $32.5 million in 2015
  • Revenue from metals payable of $143.2 million in 2016 increased by 7% from $134.1 million in 2015
  • Annual 2016 silver equivalent production of 11.9 million ounces or copper equivalent production of 79.5 million pounds; a 4% increase from 2015 and within production guidance(1)
  • 2017 Production guidance of 11.5 – 13.5 million Ag Eq oz or 98.6 – 115.1 M Cu Eq lbs(1)
  • Successful completion of the restructuring program and new Hepburn hoist installation at the Yauricocha Mine
  • $42.1 million of cash and cash equivalents as at December 31, 2016
  • Net Debt of $36.5 million represents less than 1x trailing adjusted EBITDA as at December 31, 2016
  • Shareholder conference call to be held Friday March 31, 2017 at 10:30 AM (EDT)
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