 |
| Sierra Metals |
Canadian mining company Sierra Metals is on track to exceed its 2024 production targets, driven by successful output from new mining zones at its Yauricocha mine in Peru. Initially projecting base metal production to match 2023 levels, Sierra Metals reported an 8% increase in overall output for 2024 as of the third quarter, surpassing expectations.
In the third quarter, Sierra saw a notable 16% year-over-year rise in copper production, totaling 11 million pounds, while zinc production remained stable at 11.2 million pounds. Compared to the second quarter, zinc output saw a slight dip of 1%.
Lead production, however, faced a 38% drop from last year, with a 17% decline from the second quarter, totaling 2.5 million pounds.
The Yauricocha mine’s new zones have significantly contributed to this growth. Copper production from these new areas reached 4.7 million pounds, up 23% from last year and an impressive 97% increase from the second quarter’s 2.4 million pounds. Sierra remains optimistic about continued success in these zones.
In Mexico, the Bolivar mine generated the majority of Sierra’s copper output, totaling 6.3 million pounds. This marked an 11% increase over the third quarter of 2023 and a 3% rise from the second quarter of 2024.
We publish to analyze metals and the economy to ensure our progress and success in fierce competition.
No comments
Post a Comment