Sierra Metals is focused on its Yauricocha polymetallic mine in Peru and its Bolivar copper and Cusi silver mines, both in Mexico.
The stock has made a move to the upside following the Jan. 18 release of 2016 production numbers and guidance.
For 2017, it envisions silver equivalent production will range between 11.5 and 13.5 million ounces. Following the news, CEO Mark Brennan bought 10,000 shares at $2.31.
Over the past six months, insiders have spent $327,894 buying shares on a beneficial ownership basis in the public market.
Disclaimer:
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Graph Footnote:
Chart reflects public-market transactions of common shares or unit trusts by company officers and directors.