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Sierra Metals Reports Q2 2022 Production

Consolidated Production Results       Six months ended June 30, Consolidated Production Q2 2022 Q1 2022 % Var. Q2 2021 %

Benzinga · 07/27/2022 17:18

Consolidated Production Results

      Six months ended June 30,
Consolidated Production Q2 2022 Q1 2022 % Var. Q2 2021 % Var.

2022

2021

             
Tonnes processed

640,181

590,730

8%

787,534

-19%

1,230,911

1,561,955

Daily throughput

7,316

6,751

8%

9,000

-19%

7,034

8,925

             
             
Silver production (000 oz)

608

734

-17%

954

-36%

1,342

1,915

Copper production (000 lb)

8,334

6,324

32%

9,535

-13%

14,658

17,430

Lead production (000 lb)

3,333

4,216

-21%

7,960

-58%

7,549

16,964

Zinc production (000 lb)

10,426

10,492

-1%

21,133

-51%

20,918

45,256

Gold Production (oz)

2,622

1,923

36%

2,812

-7%

4,545

5,448

             
             
Copper equivalent pounds (000's)(1)

17,794

15,896

12%

24,786

-28%

33,670

50,157

             
(1) Copper equivalent pounds for Q2 2022 were calculated using the following realized prices: $22.65/oz Ag, $4.30/lb Cu, $1.79/lb Zn, $1.00/lb Pb, $1,872/oz Au. Copper equivalent pounds for Q2 2021 were calculated using the following realized prices: $26.80/oz Ag, $4.37/lb Cu, $1.34/lb Zn, $0.97/lb Pb, $1,818/oz Au. Copper equivalent pounds for 6M 2022 were calculated using the following realized prices: $23.30/oz Ag, $4.42/lb Cu, $1.74/lb Zn, $1.03/lb Pb, $1,873/oz Au. Copper equivalent pounds for 6M 2021 were calculated using the following realized prices: $26.62/oz Ag, $4.13/lb Cu, $1.29/lb Zn, $0.94/lb Pb, $1,798/oz Au.

Q2 2022 throughput from the Yauricocha Mine was 317,087 tonnes which is in line with throughput during Q1 2022. Higher grades in all metals with the exception of lead, resulted in an 11% increase to copper equivalent pounds produced. When compared to Q2 2021, throughput from the Yauricocha Mine was 4% lower when combined with lower grades, except for copper and gold, which resulted in a 21% decrease in copper equivalent pounds produced.