Despite losing 12 days of production to an illegal strike at the Yauricocha mine, in Peru, and reporting a slower-than-expected ramp up of throughput at its Mexico mines, Sierra Metals still expects to achieve its 2019 production guidance, CEO Igor Gonzales said on Tuesday.
The TSX-listed miner produced 700 000 oz of silver, 16.4-million pounds of zinc, 7-million pounds of lead and 7.7-million pounds of copper, as well as 1 986 oz of gold, in the quarter ended March 31. Compared with the first quarter of 2018, silver production increased by 16%, zinc output fell by 10%, lead production was up 10%, copper output fell 4% and gold production increased by 2%.