Sierra Metals ( (TSE:SMT) ) has shared an update.
Sierra Metals Inc. has acknowledged a press release from Alpayana S.A.C. regarding an intention to revise its unsolicited all-cash takeover bid for Sierra’s common shares. The company advises its shareholders to take no action until the Board of Directors provides a recommendation on the amended bid. Sierra remains committed to its long-term strategy of delivering superior value and is actively exploring additional alternatives through negotiations with third parties.
More about Sierra Metals
Sierra Metals Inc. is a Canadian mining company primarily focused on copper production, with additional base and precious metals by-product credits at its Yauricocha Mine in Peru and Bolivar Mine in Mexico. The company is dedicated to safely increasing production volume and expanding mineral resources, with numerous exploration opportunities in Peru and Mexico.
YTD Price Performance: -2.81%
Average Trading Volume: 90,553
Technical Sentiment Signal: Strong Buy
Current Market Cap: $123.4M
See more data about SMT stock on TipRanks’ Stock Analysis page.