Brief: Sierra Metals Says Q2 Adjusted Net Loss Per Share $0.07
11/08/2022 22:31
Aug 11 (Reuters) - Sierra Metals Inc SMT.TO :
* 2022 CAPITAL EXPENDITURE GUIDANCE LOWERED DUE TO DELAYS IN
BOLIVAR EXPANSION
* REVISED 2022 PRODUCTION, EBITDA AND COST GUIDANCE DUE TO
LOWER
THAN EXPECTED PERFORMANCE AT BOLIVAR AND CUSI
* SIERRA METALS REPORTS Q2 2022 CONSOLIDATED FINANCIAL
RESULTS AND
PROVIDES REVISED PRODUCTION, EBITDA, COST & CAPITAL EXPENDITURE
GUIDANCE FOR 2022
* QTRLY REVENUE OF $49.9 MILLION A 37% DECLINE FROM Q2 2021
* SUSPENSION OF 2022 DIVIDEND DUE TO LOWER EBITDA AND
CASHFLOW
EXPECTATIONS
* QTRLY ADJUSTED NET LOSS PER SHARE $0.07
* COMPANY IS LOWERING ITS FY CAPITAL EXPENDITURE GUIDANCE
FROM
$69.0 MILLION TO $59.0 MILLION
Source text for Eikon: [ID: nBw25xpGDa]
Further company coverage: SMT.TO
((Reuters.Briefs@thomsonreuters.com;))
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