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Sierra Metals reports fatalities at Yauricocha due to mudslide, suspends mining operations

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(Kitco News) - Sierra Metals (TSX: SMT) (NYSE: SMTS) reported today that at approximately 4:00 PM Lima Time on Sunday September 11, 2022, there was a mudslide incident at its underground Yauricocha mine, located in Peru.

According to the company's statement, as a result, three contractor employees lost their lives and one was injured.

"The safety and wellbeing of all employees and contractors is a major commitment and focus of the company, and all efforts are being deployed to ensure them," Sierra Metals said.

The company added that mining operations have been temporarily suspended as a result and will resume once conditions are considered safe and appropriate.

Sierra Metals noted that local authorities have been notified and are conducting an investigation into the incident, adding that the company will provide any updates as they become available.

"The thoughts of the board of directors and management are with the family, friends and colleagues that have been impacted by this unfortunate incident," the company said in its press-release.

Sierra Metals is a diversified Canadian mining company with "green metal" exposure including increasing copper production and base metal production with precious metals byproduct credits, focused on the production and development of its Yauricocha mine in Peru, and Bolivar and Cusi mines in Mexico.


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