Sierra Metals Us ( (SMTSF) ) has released its Q4 earnings. Here is a breakdown of the information Sierra Metals Us presented to its investors.
Sierra Metals Inc. is a Canadian mining company focused on copper production with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The company is committed to increasing production volume and growing mineral resources through exploration opportunities in Peru and Mexico.
Sierra Metals reported a strong financial performance for the fourth quarter and full year 2024, achieving record revenue and production levels. The company recorded a 19% increase in annual revenue to $272 million and a 40% rise in adjusted EBITDA to $74.2 million compared to 2023. The fourth quarter alone saw record revenue of $81 million and a significant increase in throughput rates.
Key financial metrics highlighted in the report include a substantial increase in cash and cash equivalents, which rose to $19.8 million by the end of 2024 from $9.1 million the previous year. The company also exceeded its annual production guidance, with notable increases in copper, zinc, and silver production. The All-In Sustaining Costs (AISC) at both Yauricocha and Bolivar mines were below the 2024 guidance, indicating efficient cost management.
Looking ahead, Sierra Metals is optimistic about 2025, with expectations of further production increases, cost reductions, and stronger cash flows. The company plans to continue its exploration efforts to replace mineral depletion and support future growth. Management anticipates delivering an EBITDA of approximately $130 million for the full year 2025, focusing on long-term value creation for shareholders.