Sierra Metals Announces Extensions of Shutdowns at Its Peruvian and Mexican Operations in Compliance With Their Government Extended Suspensions of All Non-Essential Activities to Contain t...
Sierra Metals Inc. (SMTS)
Last sierra metals inc. earnings: 11/13 05:15 pm
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Source: Business Wire
In Mexico, as of May 18, 2020, the Suspension of Activities Will Not Be Applicable to Municipalities That Present a Low or Null Transmission of COVID-19 TORONTO--(BUSINESS WIRE)--Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or the “Company”) reports that the Peruvian and Mexican Federal Governments have extended their suspensions of all non-essential activities to contain the advancement of COVID-19 virus. In Peru, the suspension will now continue until May 10, 2020, and in Mexico, the suspension will now continue until May 30, 2020. Also, the Mexican Government has announced that suspension of activities will not apply to the municipalities that present a low or null transmission of COVID-19 as of May 18, 2020. The Mexican Government is expected to set clear guidelines before that time.These extensions affect the Company’s mining activities in both countries. However, there is a possibility that the Bolivar Mine in Mexico may be able to resume op
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