Sierra Metals Announces Appointment of New Chairman | Business enterprise & Finance

TORONTO–(Enterprise WIRE)–Jan 29, 2021–

Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or the “Company”) is happy to announce that Jose Vizquerra Benavides has been appointed as Chairman of the Board of Administrators of the Corporation (the “Board”). Mr. Vizquerra is President, CEO, and Director of O3 Mining Inc. and a Director of Osisko Mining Inc. Mr. Vizquerra was also Head of Business enterprise Improvement for Compañía de Minas Buenaventura S.A.A. (NYSE: BVN), Peru’s greatest, publicly traded valuable and base metals enterprise from 2008 to 2011. Mr. Vizquerra is an alumni of the Basic Administration Application at the Wharton School of Organization and retains an MSc in Mineral Exploration from Queens University and a B.Sc in Civil Engineering from UPC Universidad Peruana de Ciencias Aplicadas.

Jose Vizquerra Benavides (Photograph: Business Wire)

Mr. Vizquerra replaces Alberto Arias who has been Chairman of the Organization considering that March 2013. The Board wishes to thank Mr. Arias for his numerous contributions to the Company around the yrs. Mr. Arias continues to be as a member of the Board.

Sierra Metals Inc. is a diversified Canadian mining organization concentrated on the creation and enhancement of valuable and base metals from its polymetallic Yauricocha Mine in Peru, and Bolivar and Cusi Mines in Mexico. The Enterprise is focused on escalating production volume and expanding mineral sources. Sierra Metals has lately had various new key discoveries and nevertheless has a lot of extra thrilling brownfield exploration options at all a few Mines in Peru and Mexico that are within shut proximity to the present mines. Furthermore, the Firm also has significant land packages at all 3 mines with a number of future regional targets delivering extended-expression exploration upside and mineral resource growth possible.

The Company’s Frequent Shares trade on the Bolsa de Valores de Lima and on the Toronto Stock Exchange underneath the symbol “SMT” and on the NYSE American Exchange beneath the symbol “SMTS”.

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This press release is made up of “ahead-hunting information” and “forward-hunting statements” within just the which means of Canadian and U.S. securities legal guidelines (collectively, ” ahead-looking information and facts “). Forward-seeking data features, but is not constrained to, statements with regard to the benefits of the strategic evaluate system. Any statements that express or require discussions with regard to predictions, expectations, beliefs, programs, projections, aims, assumptions or potential functions or functionality (frequently, but not constantly, utilizing terms or phrases these types of as “expects”, “anticipates”, “programs”, “projects”, “estimates”, “assumes”, “intends”, “method”, “objectives”, “goals”, “prospective” or variants thereof, or stating that particular actions, functions or effects “may perhaps”, “could”, “would”, “could” or “will” be taken, occur or be obtained, or the destructive of any of these phrases and equivalent expressions) are not statements of historic simple fact and could be forward-seeking facts.

Ahead-seeking information is topic to a wide variety of threats and uncertainties, which could induce precise situations or success to differ from those reflected in the ahead-wanting data, together with, without limitation, the threats described less than the heading “Possibility Things” in the Company’s yearly information sort dated March 30, 2020 for its fiscal 12 months finished December 31, 2019 and other dangers discovered in the Firm’s filings with Canadian securities regulators and the United States Securities and Trade Commission, which filings are offered at and, respectively.

The risk elements referred to higher than are not an exhaustive listing of the variables that may well impact any of the Company’s forward-looking information and facts. Ahead-looking info includes statements about the upcoming and is inherently unsure, and the Company’s real achievements or other long term functions or disorders may differ materially from people reflected in the forward-on the lookout details due to a range of risks, uncertainties and other variables. The Firm’s statements containing forward-wanting information and facts are centered on the beliefs, expectations and viewpoints of management on the day the statements are designed, and the Organization does not believe any obligation to update these kinds of forward-looking details if circumstances or management’s beliefs, expectations or views ought to modify, other than as essential by relevant regulation. For the motives established forth earlier mentioned, 1 must not put undue reliance on forward-hunting data.

Vice President, Investor Relations


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Source: Sierra Metals Inc.

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PUB: 01/29/2021 09:06 PM/DISC: 01/29/2021 09:06 PM

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