Sierra Metals (TSE:SMT) has released an update.
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Sierra Metals Inc. has finalized the sale of the Cusi Mine in Mexico to a subsidiary of Silverco Mining Corp, Minera San Bernabé, S.A. de C.V., for US$2.5 million in cash and a 2% net smelter royalty. This deal enables the company to focus on expanding their primary mining operations in Peru and Mexico. Sierra Metals continues to pursue opportunities for production growth and resource expansion in its core mines.
For further insights into TSE:SMT stock, check out TipRanks’ Stock Analysis page.
