Environmental Permit Allows For Up To 3,600 TPD At Yauricocha Mine
Sierra Metals Inc. (TSX: SMT) has received an environmental permit from the Peruvian Ministry of Environment through its Agency SENACE to increase production through the Chumpe Plant at the Yauricocha Copper Mine.
CEO, Luis Marchese, said the key permitting milestone is the second to last step for the company on receiving approval to increasing the permitted throughput of 3,600 tonnes per day (TPD).
“I am delighted with the receipt of the ITS permit. The Company may now submit the required documentation for an Informe Tecnico Minero (“ITM”) permit, which is the final step in the process to permit an increased throughput at Yauricocha to 3,600 TPD,” Mr Marchese said.
“The company expects to receive the ITM permit in the second quarter of 2021. This permit would allow a 20% increase in throughput and assist the company in maintaining its annual production guidance.
“Additionally, we continue focusing on the completion of the Prefeasibility Study at Yauricocha, which examines increasing throughput to 5,500 TPD starting in 2024, as well as on the Prefeasibility Studies examining increases at Bolivar to 10,000 TPD and Cusi to 2,400 TPD.
“2021 continues to be an exciting time for the company as we continue with organic growth plans including significant brownfield and greenfield exploration programmes to support future mineral resource and production growth.
“Management also continues to focus on improving and modernising our mine operations, increasing operating efficiencies to improve productivity and reduce costs.”
