Sierra Metals forecasts 85% EBITDA increase in 2025

Sierra Metals announced a forecasted 85% increase in EBITDA for 2025, expecting it to reach $130 million, up from $70 million in 2024. This growth is attributed to improved production and operational efficiencies at its mines in Peru and Mexico. The company continues to recommend that shareholders reject a hostile takeover bid from Alpayana S.A.C. A majority of shareholders have indicated they do not plan to accept the offer. The Board is evaluating strategic options to maximize shareholder value. Sierra Metals has also reported strong production results and successful drilling at its Bolivar mine, with higher copper grades than previously estimated. The company has refinanced its long-term debt, enhancing its financial flexibility for future growth.