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Sierra Metals (SMTSF)
OTHER OTC:SMTSF
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.03Last Year’s EPS
-0.07Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2018
|% Change Since: 3.39%
|Next Earnings Date:Aug 13, 2018
Earnings Call Sentiment|Positive
The earnings call presents a positive outlook for Sierra Metals, with significant improvements in production and financial metrics, including record revenues and EBITDA growth. Despite some challenges in lead and zinc production, the overall performance is strong, and the company remains optimistic about future prospects.Company Guidance
During the third quarter 2024 earnings call for Sierra Metals Inc., the company provided several key metrics and forward-looking guidance. The two operating mines, Yauricocha and Bolivar, processed nearly 669,000 tonnes of ore, marking a 7% increase from the previous quarter. Copper production rose by 29% to 11 million pounds, while silver and gold production increased by 30% and 16%, respectively. As a result of these improvements, cash flow from operations increased by 48% to over $22 million. The company also noted that they sold the Cusi mine, resulting in $2.1 million in net proceeds and monthly savings of $300,000. Looking ahead, the company expects to exceed its consolidated production guidance for the year, with Bolivar operating near capacity and Yauricocha ramping up towards full capacity. Financially, Sierra Metals reported net revenues of $70.9 million, a 23% increase over the previous quarter, and adjusted EBITDA of $20.4 million, the highest in two years. The company remains optimistic about continuing improvements in operational and cost efficiencies.Increased Production Across Key Metals
In Q3 2024, Sierra Metals' copper production increased by 29%, silver production by 30%, and gold production by 16% compared to Q2 2024, driven by improved metal prices.
Significant Improvement in Financial Performance
Net revenues for Q3 2024 were $70.9 million, marking the highest quarter in over three years with a 23% increase from Q2 2024 and a 25% increase from Q3 2023.
Record EBITDA Growth
Adjusted Q3 EBITDA reached $20.4 million, the highest in two years, up from $8.1 million in Q3 2023. Year-to-date EBITDA reached $51 million, equaling the entire 2023 EBITDA.
Successful Cusi Mine Sale
The sale of the Cusi mine resulted in $2.1 million in net proceeds and a monthly saving of $300,000 in maintenance expenses.
Operational Efficiency and Expansion
Bolivar processed 402,000 tonnes of ore, a 7% increase from Q2 2024, with cash costs improved due to lower operating costs per tonne and higher grades.
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SMTSF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMTSF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $0.59 | $0.62 | +5.08% |
| Aug 09, 2024 | $0.49 | $0.47 | -4.08% |
| May 13, 2024 | $0.58 | $0.61 | +5.17% |
| Mar 18, 2024 | $0.60 | $0.58 | -3.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sierra Metals (SMTSF) report earnings?
Sierra Metals (SMTSF) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Sierra Metals (SMTSF) earnings time?
Sierra Metals (SMTSF) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMTSF EPS forecast?
SMTSF EPS forecast for the fiscal quarter 2024 (Q4) is 0.03.
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