Sierra Metals Us (TSE:SMT) has released an update.
Sierra Metals Inc. has reported a significant improvement in its financial performance for the fourth quarter and the entire year of 2023, with a 58% increase in Q4 revenue and a five-fold increase in annual adjusted EBITDA. The company achieved a 78% rise in copper equivalent production in Q4 and a 37% increase for the year, meeting its 2023 production guidance. CEO Ernesto Balarezo attributes this success to operational efficiencies, cost reductions, and enhanced safety practices, and looks forward to further growth from upcoming projects and partnerships.
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