09:54 AM EST - Sierra Metals Inc. : Has filed an independent technical report prepared in accordance with National Instrument 43-101 on the Cusi Mine in Mexico. Highlights include: After-tax Net Present Value (NPV): $81 Million U.S. at an 8% discount rate assuming a long term silver price of $20 U.S./oz. Incremental benefit of increasing the production to 2,400 TPD from 1,200 TPD is estimated to have an after tax NPV (@8%) of $28.1 million U.S., and IRR of 46.8%. Net After-tax Cash Flow: $134 Million U.S. Life of Mine & Sustaining Capital Cost: $91 Million U.S. Total Operating Unit Cost: $35.24 U.S./tonne and $8.83 U.S./oz silver equivalent. Sierra Metals Inc.
shares T.SMT are trading down $0.03 at $4.25.
