Sierra Metals Secures $95M Refinancing Deal

Sierra Metals (TSE:SMT) has released an update.

Sierra Metals Inc. has successfully refinanced its $75 million debt with a new $95 million facility, promising enhanced liquidity and financial flexibility for the company. The new arrangement includes favorable terms and a 5-year maturity, with funds allocated for high-return capital projects and operational advancements in the company’s mines in Peru and Mexico. The refinancing marks a significant step in Sierra Metals’ strategy to strengthen its balance sheet and secure long-term value for stakeholders.

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