Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Canadian miner Sierra Metals plans to expand the production rate at its Yauricocha mine in Peru to 5,500mt per day in 2024, up from the current capacity of 3,150mt per day.  


As per the company’s new economic study of the mine, the updated life is estimated at 12 years, with 26pc higher measured and indicated mineral resource tonnage at 15.92mn mt and 79pc more inferred resources at 11.63mn mt. During its productive life, the mine is set to produce 419mn lb (190,055mt) of copper, 245,393mt of zinc, and 75,750mt of lead.


Sierra acquired the Yauricocha mine in 2011 with 5mn mt of indicated resources. Since then, the company has processed 9.1mn mt of ore and currently estimates the mine to hold up to 16mn mt in mineral deposits. 

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