Sierra Metals Provides Update on Level 1120 Permit at Its Yauricocha Mine in Peru
Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) today provided an update on the status of its permit to operate below the 1120 level (“Level 1120”) at its Yauricocha Mine in Peru.
- Sierra Metals Inc. (TSX: SMT | OTCQX: SMTSF) (“Sierra Metals” or the “Company”) today provided an update on the status of its permit to operate below the 1120 level (“Level 1120”) at its Yauricocha Mine in Peru.
- The Level 1120 permit that is currently being assessed by the National Service for Environmental Certification for Sustainable Investments in Peru (“SENACE”) is in the final stages of the procedure and a resolution is expected by the end of Q1 2024.
- All other Peruvian agencies involved in the assessment have granted their positive opinion to operate below Level 1120.
- The Company expects that it will take between six and nine months to reach full production from below Level 1120.