SAN FRANCISCO, CA--(Marketwired - November 02, 2015) - Since 2010, Sierra Metals Inc. (TSX: SMT) has managed to continually increase production at its Bolivar and Cusi mines in Mexico and its Yauricocha mine in Peru while increasing reserves. All three mines are part of huge land packages barely explored. In this interview with The Gold Report, Sierra Metals President and CEO Mark Brennan explains how he has centralized and rationalized company operations, how he is modernizing production and how he intends to grow Sierra internally to become a large-cap producer with a billion-dollar-plus market cap.
The Gold Report: In the last six months Sierra Metals Inc. (TSX: SMT) has replaced its president/CEO, director of corporate development, VP Exploration and COO. Why was this wholesale transformation of management necessary, and what is your mission as the new president/CEO?
Mark Brennan: Sierra was previously a somewhat disjointed company and lacked centralized management. Historically, Sierra had a CFO in Peru and a CEO in West Virginia and Arizona, with corporate development being run out of Vancouver. What I've done as the new president/CEO is bring everything together under one roof in Toronto and encourage communication between all of our operations.
We have three producing underground mines: Bolivar and Cusi-which are 100% Sierra-owned-in Chihuahua, Mexico, and Yauricocha in Peru, which is 82% owned by Sierra. In the past, we ran our Mexican and Peruvian operations as entirely distinct entities. Now, with the benefit of a fully integrated corporate structure, we can...
Continue reading this interview: Sierra Metals Sees Organic Growth Leading to a Billion-Dollar Valuation
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DISCLOSURE:
Sierra Metals paid Streetwise Reports to conduct, produce and distribute the interview. Mark Brennan had final approval of the content of the interview and is wholly responsible for the validity of the statements. Opinions expressed are the opinions of Mr. Brennan and not of The Gold Report or its officers. The interview does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility.
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