Alberto Arias's questions to Sierra Metals Inc (SMTSF) leadership • Q2 2024
Question
Alberto Arias from Bank of America inquired about the significant drilling results for the Triada porphyry at Yauricocha, as disclosed in a recent technical report. He highlighted the large intercepts of 680 and 786 meters and asked about the timing of the drilling, its implications for Sierra Metals, and the status of the previous partnership with Sumitomo.
Answer
Executive Ernesto Balarezo Valdéz explained that the company is actively seeking a major partner to develop the Triada porphyry. He clarified that the drilling in question was not recent, likely occurring during the Sumitomo partnership period, and that Sumitomo's exit was due to their own internal strategic shifts. Valdéz committed to investigating the exact timing of the drilling and acknowledged the suggestion to better publicize these promising results.