Sierra Metals Swings to $9.3 Million Profit in 2014, from $34 Million Loss in 2013

SUGAR LAND--March 30, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Sierra Metals Incorporated (Vancouver, Canada) expects its capital expenditures (capex) to range from $30 million to $40 million this year, but company officials cautioned on Friday those numbers could be trimmed if commodity prices remain depressed. The company, which operates three precious and base metals mines in Latin America, reported fiscal-year 2014 net income of $9.3 million, compared with a net loss of nearly $34 million in 2013. Revenues for 2014 totaled $172.6 million, up from $143.5 million in 2013. Industrial Info is tracking eight active Sierra Metals projects worth $183 million.

Within this article: Fiscal year 2014 earnings results for Sierra Metals.