3 Base & Precious Metals Producing Mines in Latin America

Sierra Metals owns and operates three mines in Latin America producing base and precious metals. Sierra has excellent resource growth potential and is well funded with a strong cash position and increasing cash flow.

In January 2013, Sierra Metals announced commercial production at the Cusi Mine in Mexico. In 2017, the Company executed an exploration drilling program focused on the high-grade Santa Rosa de Lima zone at the Cusi Mine. The results confirmed the existence of high-grade silver mineralization with step out drilling extending the zone even further. Sierra Metals is focused on completing access, development and production of the Santa Rosa de Lima zone and is currently developing drifts to the mine in this area and campaigning development ore with improved head grades to the mill at Cusi. The Company expects to gradually increase tonnage from the Santa Rosa de Lima zone until the mill is operating at its capacity of 650 tonnes per day using only ore from the Santa Rosa de Lima zone. It is expected that the main supply of ore in-terms of tonnage and grade will come from Santa Rosa de Lima starting in Q2 2018.

Sierra Metals is focused on expanding global reserves and resources in Peru and Mexico. Extensive brownfield exploration and development programs are underway to increase known reserves and resources within proximity to each mine. Additionally, broader regional targets are being explored to continue advancing the Company’s project pipeline towards production.

Sierra Metals continues to strive towards its objective of becoming Latin America’s premier low-cost precious and base metals producer by increasing its production profile, lowering costs and growing mineral reserves and resources.

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