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Sierra Metals Announces 30 Day Suspension of Its Mexican Mining Operations

Mining News - Published on Thu, 02 Apr 2020

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Sierra Metals Inc reported that on March 31, 2020 the Mexican Federal Government announced a suspension of all non-essential activities in Mexico for 30 days to contain the advancement of COVID-19 virus. This suspension includes all mining activities from March 30 th to April 30 th, 2020. As a result of this declaration, the Company will only maintain an essential services crew at the Bolivar Mine site until April 30, 2020, and the Cusi Mine site will be placed into care and maintenance during this period. The Company anticipates resuming normal production levels at the Mines after this period. Sierra Metals President, and CEO Igor Gonzales said “A smaller workforce will be maintained at Bolivar to oversee critical aspects of the operation, with the primary goal of facilitating a quick and efficient ramp up back to normal levels once the suspension of non essential activities is lifted. Our Cusi Mine is being placed on care and maintenance and employees will remain at home. Our team continues to be focused on the Health and Safety of our workforce.”

Production can recommence to normal levels very quickly after April 30 th, and the Company has some operating flexibility at Bolivar to run the ore processing mill at higher levels, which should help recover lost ore tonnages from this suspension.

Sierra Metals is a Canadian based growing polymetallic mining company with production from its Yauricocha Mine in Peru, and it’s Bolivar and Cusi Mines in Mexico.

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Posted By : Rabi Wangkhem on Thu, 02 Apr 2020
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