TORONTO, June 28,
2024 /CNW/ - Sierra Metals Inc. (TSX: SMT) (OTCQX:
SMTSF) ("Sierra Metals" or the "Company") is pleased to announce
the appointment of Jean Pierre Fort
to the position of Chief Financial Officer, effective July 1, 2024. Mr. Fort will succeed Jose Fernandez-Baca who is retiring from the
Company effective June 30, 2024.
Ernesto Balarezo, CEO of Sierra
Metals, commented, "We are delighted to welcome Jean Pierre to the executive management team at
Sierra Metals. Jean Pierre brings
senior financial and capital markets expertise to the role,
complemented by mining industry experience in both base and
precious metals. Since joining the Company as head of our business
development and corporate finance functions, he has been
instrumental in raising our profile with capital markets while
being a key member of the Company's turnaround process."
"On behalf of the entire management team and the board of
directors, I would like to thank Jose for his contributions to
Sierra Metals. During his time as CFO he has helped the Company
achieve a significantly stronger and improved financial position.
We thank him for his dedication and wish him the very best in his
future endeavors," added Mr. Balarezo.
About Jean Pierre Fort
Mr. Fort brings more than a decade of financial and operational
experience as Sierra Metals' incoming CFO. He joined Sierra Metals
in 2023 as head of business development and corporate finance.
Previously, he was chief financial officer and head of corporate
development at Silver Mountain Resources Inc., where he was
instrumental in leading a successful initial public offering,
multiple private placements and cost reduction initiatives while
establishing the company's capital markets strategy. Prior to that,
he was an associate in the mining and metals investment banking
team at RBC Capital Markets in Toronto and worked in finance, investor
relations, and supply chain operations at Volcan Compañia Minera, a
Peruvian-based precious and base metals producer.
Mr. Fort holds a Bachelor in Business Administration from
Universidad de Lima in
Peru and a Masters of Business
Administration from the Rotman School of Management at the
University of Toronto.
About Sierra Metals
Sierra Metals 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 intent on safely
increasing production volume and growing mineral resources. Sierra
Metals has recently had several new key discoveries and still has
many more exciting brownfield exploration opportunities in
Peru and Mexico that are within close proximity to the
existing mines. Additionally, the Company has large land packages
at each of its mines with several prospective regional targets
providing longer-term exploration upside and mineral resource
growth potential.
Forward-Looking Statements
This press release contains forward-looking information within
the meaning of Canadian securities legislation. Forward-looking
information relates to future events or the anticipated performance
of Sierra and reflect management's expectations or beliefs
regarding such future events and anticipated performance based on
an assumed set of economic conditions and courses of action. In
certain cases, statements that contain forwardlooking information
can be identified by the use of words such as "plans", "expects",
"is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", "believes" or variations of such words
and phrases or statements that certain actions, events or results
"may", "could", "would", "might", or "will be taken", "occur" or
"be achieved" or the negative of these words or comparable
terminology. By its very nature forward-looking information
involves known and unknown risks, uncertainties and other factors
that may cause actual performance of Sierra to be materially
different from any anticipated performance expressed or implied by
such forward-looking information.
Forward-looking information is subject to a variety of risks and
uncertainties, which could cause actual events or results to differ
from those reflected in the forward-looking information, including,
without limitation, the risks described under the heading "Risk
Factors" in the Company's annual information form dated
March 15, 2024 for its fiscal year
ended December 31, 2023 and other
risks identified in the Company's filings with Canadian securities
regulators, which are available at www.sedarplus.ca.
The risk factors referred to above are not an exhaustive list of
the factors that may affect any of the Company's forward-looking
information. Forward-looking information includes statements about
the future and is inherently uncertain, and the Company's actual
achievements or other future events or conditions may differ
materially from those reflected in the forward-looking information
due to a variety of risks, uncertainties and other factors. The
Company's statements containing forward-looking information are
based on the beliefs, expectations, and opinions of management on
the date the statements are made, and the Company does not assume
any obligation to update such forward-looking information if
circumstances or management's beliefs, expectations or opinions
should change, other than as required by applicable law. For the
reasons set forth above, one should not place undue reliance on
forward-looking information.
SOURCE Sierra Metals Inc.