The Yauricocha Mine achieved 22% higher throughput inDevan
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cheap nfl jerseys Adjusted EBITDA of $16.1 million in Q1 2020 increased from $12.0 million in Q1 2019 Operating cash flows before movements in working capital of $15.7 million in Q1 2020 increased from $11.8 million in Q1 2019 Revenue from metals payable of $55.6 million in Q1 2020 increased from $49.2 million in Q1 2019 as higher throughput was partially offset by lower realized metal prices Q1 2020 consolidated production includes 11.8 million pounds of copper, a 52% increase; 0.9 million ounces of silver, a 37% increase; 21.6 million pounds of zinc, a 32% increase; 9.1 million pounds of lead, a 31% increase; and 3,657 ounces of gold, an 84% increase respectively, compared to Q1 2019 Copper represents 40% of Sierra Metals’ revenue in Q1 2020; the Company is trending towards copper as our main product as a percentage of revenue and as a percentage of Net Smelter Returns; silver and zinc each represent 20% of revenues Record quarterly throughput at the Mine in Mexico Mexico has deemed mining an essential service on May 13, 2020, effective May 18, 2020, allowing for the normalization of mining operations $36.9 million of cash and cash equivalents as at March 31, 2020 Shareholder conference call to be held Thursday, May 14, 2020, at 10:30 AM (EDT) TORONTO Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) ( Metals or Company today reported revenue of $55.6 million and adjusted EBITDA of $16.1 million on the throughput of tonnes and metal production of 31.2 million copper equivalent pounds or 4.8 million silver equivalent ounces, or 84.5 million zinc equivalent pounds for the three month period ended March 31, 2020.Despite the decline in metal prices, the Company has continued to be successful in maintaining positive operating cash flow generation from its existing operations in order to fund required capital expenditures and maintain liquidity.The Yauricocha Mine achieved 22% higher throughput in Q1 2020 compared to Q1 2019, despite 15 days lost production realized in March due to the COVID 19 related state of emergency announced by the Peruvian Government. Continuing its strong operational performance during Q1 2020, the Mine realized a 30% increase in copper equivalent production or a 52% increase in zinc equivalent metal production compared to Q1 2019. cheap nfl jerseys
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