Day: April 15, 2019

The Plan permits the Company’s designated broker, CIBC Capital Markets to purchase common shares of the Company at times when Sierra Metals ordinarily would not be active in the market due to insider trading rules and its own internal trading blackout periods. Purchases will be made by CIBC based upon parameters set out by the Company prior to the commencement of any such blackout period and in accordance with the terms of the Plan. Outside of these blackout periods, Common Shares may continue to be purchased at the Company’s discretion, subject to the rules of the TSX and applicable securities laws. The Company’s NCIB commenced on December 17, 2018 and will remain active until December 16, 2019.

Almaden Minerals en México emitió un comunicado donde informa su postura tras el fallo de un juez. De acuerdo con la empresa candiense, las concensiones que forman parte de la sentencia fueron canceladas tiempo atrás por la propia firma, por tal motivo, la resolución emitida no tendría efecto en las concesiones actuales, las cuales se encuentran en la zona de Ixtacamaxtitlán.

Alien Metals Ltd, the AIM quoted exploration and development company, announces that Dennis Edmonds, Executive Chairman has tended his resignation from the Board with immediate effect and this has been accepted. Accordingly, Dan Smith, currently a Non-Executive Director, was appointed as Chairman with immediate effect. The Company’s strategy under its recently appointed Chief Executive Officer Peter Taylor and as outlined in its announcement of 18 February 2019 continues.

Odyssey Marine Exploration, Inc., a pioneer in the field of deep-ocean exploration, entered into a share purchase agreement with Seabed Capital, LLC on April 9, 2019, to acquire Seabed’s controlling interest in a company that holds a potentially significant subsea mineral deposit in the South Pacific in a non-cash transaction. This transaction aligns with Odyssey’s business model of acquiring and developing subsea mineral assets to create near-term and long-term value.

The net proceeds from the Financing will be used for ongoing working capital requirements relating to the Rebeico gold-copper project in Sonora, Mexico.

“The production results this quarter are reflective of the lower grades achieved, coupled with 7 days of lost production while upgrades to the crusher were being completed at the mill. The upgrades were significant to the overall operation as they will enable us to realize more consistent throughput from the crusher during the rainy season in Mexico.” said David Wolfin, President and CEO. “We continue to focus on profitable ounces and a considered approach to keeping costs controlled company-wide, particularly as we are experiencing lower metal prices.”

Igor Gonzales, President and CEO of Sierra Metals, commented: “The Company has started 2019 with solid production results despite an illegal strike action which occurred at our Yauricocha Mine. This can be attributed to in part to stronger performance from our Mexican Mines including record production at the Cusi Mine where we are reaping the benefits of operational improvement programs and the initial stage of mill expansion at both the Cusi and Bolivar Mines. The Company has also initiated scoping studies which are expected by mid-year 2019 to analyze future operational production increases and continue development at all three Mines. We are also working to update the NI 43-101 Technical Reports with an updated report expected at the end of Q2-2019 for the Yauricocha Mine, and at the end of Q4-2019 for the Bolivar and Cusi Mines.”