Sierra Metals Inc. announced that it has received the required permit to develop and mine below the 1120 level at its Yauricocha Mine in Peru. The granting of the 1120 level permit has the potential to provide several significant catalysts for Sierra Metals, such as operational enhancements, maximized operating capacity and cost efficiencies. Most notably, with a modest capital investment in mining operations, the development below the 1120 level is expected to commence in the following weeks.

Ramp up to full production levels will be progressive and is expected to take between six and nine months to achieve.