Sierra Metals Reports Strong Q1-2017 Financial Results at its Sociedad Minera Corona Subsidiary in Peru

T.SMT, Sierra Metals, Peru

Sierra Metals Inc. (TSX: SMT) announces the filing of Sociedad Minera Corona S.A.’s (“Corona”) unaudited Financial Statements and Management Discussion and Analysis for the first quarter of 2017.

The Company holds an 81.8% interest in Corona. All amounts are presented in US dollars, unless otherwise stated, and have not been adjusted for the 18.2% non-controlling interest.

Corona’s Highlights for the Three Months Ended March 31, 2017
Revenues of US$38.5 million vs US$12.5 million in Q1 2016
Adjusted EBITDA of US$ 20.5 million vs US$0.9 million in Q1 2016
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