“Year-to-date, our production results are in-line with our expectations. We had a challenging third quarter at our La Colorada and Florida Canyon mines that was mostly offset by the consistent performance of our El Castillo Complex.”
Prime Chief Executive Officer Daniel Kunz commented, “Phase 2 exploration activities are nearing completion and we continue to make great progress across all three major areas of the project having now drilled over 96,000 metres.”
Sierra Metals Inc. reports that in connection with the previously announced strategic review process, the Company has retained CIBC Capital Markets as its financial advisor to review strategic options.
In Mexico, steel shipments reached 1.7 million tons in the third quarter of 2022, increasing slightly compared to shipments in the second quarter of the year and in the prior-year third quarter. The auto industry is making some progress in dealing with its supply chain difficulties, although it remains below its production capacity.
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