Dialing up activity at Yauricocha and Bolivar. Effective June 5, the Peruvian government activated Phase II of its economic recovery plan which includes mining activities. Sierra Metals expects to progressively ramp Yauricocha mine operations to full capacity. In Mexico, mining operations could resume on June 1 and the company recalled employees associated with the Bolivar mine. The company has established protocols to prevent the risk of COVID-19 infection at the mines. We expect that it could take several weeks for the mines to ramp up to full production. However, operational decisions will be influenced by concerns for the safety of employees and the work environment. Due to its operating flexibility, Yauricocha could recover a portion of production lost due to COVID-19 work restrictions. Base metals prices exhibit some strength. Copper, lead, and zinc prices have exhibited some strength in recent weeks as economies have re-opened and the outlook for demand has improved. Quarter to date through June 9, copper futures prices...Read More >>