Sierra Metals sees 2018 silver equivalent production of 13.9M-16.2M ounces
Sierra Metals anticipates that 2018 silver equivalent production will be 13.9M-16.2M ounces, copper equivalent production will range between 89.2M-104.0M pounds, and zinc equivalent production will range between 183.8M-214.5M pounds. The forecasted range is a result of increased throughput, production, and higher recoveries at Bolivar and Cusi. Yauricocha will see consistently strong, albeit flat levels of throughput in 2018 due to a rehabilitation of the lower part of the Mascota shaft in Q2, which will slightly lower throughput rates during that time period. In 2018, the company plans to invest a total of $49M on capital expenditures, including $13.1M for sustaining capital requirements and $35.7M for expansion, growth projects and exploration expenses. This program will be funded by operating cash flow. The 2018 budget includes several capital investments for property, plant and equipment; and corporate projects including tunnel completion, shaft deepening and rehabilitation at the Yauricocha Mine, and improvements to existing tailings deposition facilities at the Bolivar and Cusi Mines.