Randy Rochman's questions to Sierra Metals (SMTSF) leadership • Q4 2024
Question
Inquired further about shareholder Alberto Arias's share sales, the potential for higher EBITDA given current metal prices, Q1 performance, the timing of debt refinancing, and the possibility of a share repurchase program.
Answer
The company stated they cannot speculate on the shareholder's motives. They are comfortable with the $130M EBITDA guidance but noted it could be higher if metal prices rise. Q1 is progressing in line with the budget. Debt refinancing and a share repurchase program are being considered but are on hold pending the resolution of the unsolicited takeover bid.