TORONTO–(BUSINESS WIRE)– Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) announces the settlement of the outstanding litigation with Polo y Ron pertaining to mining concessions from the Company’s Bolivar Mine, including the mining concessions where mine operations and
mineral reserve estimates are located. The accord was executed in The Second District Court (“the Court”) in the state of Chihuahua, Mexico. The declaration of the termination of litigation was issued by the Court on February 6, 2020. This settlement ends all claims against and litigation against the Company and Dia Bras Mexicana S.A de C.V, a wholly owned subsidiary of Sierra Metals Inc. from Polo y Ron. The impact of the settlement amount paid on Sierra Metals’ nancial condition and operating results is not signicant.