Sierra Metals Announces Resignation of CFO

VANCOUVER, Sept. 5, 2014 /CNW/ - Sierra Metals Inc. (TSX:SMT) (BVL:SMT) ("Sierra Metals" or the "Company") announces the resignation of Chief Financial Officer, Fernando Piccini, who is leaving to pursue an opportunity with another company. Mr. Piccini's resignation is effective September 5, 2014.  Mr. Piccini has served as Chief Financial Officer of Sierra since July 14, 2011. 

Audra Walsh, President and CEO of Sierra Metals, commented: "On behalf of Sierra Metals, I would like to sincerely thank Fernando for his contribution to the Company and wish him well as he embarks on this next stage in his career."

Sierra Metals is well-positioned to continue to execute on its growth strategy. "I have great confidence in our Finance team's ability to continue to oversee and steward our financial position," added Audra Walsh.

Commenting on his time with the Company, Mr. Piccini noted, "I have really enjoyed working with the Sierra Metals team. I wish my colleagues here all the best as Sierra continues to work on the development of its mines and projects in Peru and Mexico.

The Company is conducting a search for his successor.  An announcement of a replacement for Mr. Piccini will be made in due course.

About Sierra Metals

Sierra Metals Inc. is a Canadian mining company focused on precious and base metals from its Yauricocha Mine in Peru, its Bolivar Mine and Cusi Mine in Mexico. In addition, Sierra Metals is exploring several precious and base metal targets in Peru and Mexico. Projects in Peru include Adrico (gold), Victoria (copper-silver) and Ipillo (polymetallic) at the Yauricocha Property in the province of Yauyos and the San Miguelito gold properties in Northern Peru. Projects in Mexico include Bacerac (silver) in the state of Sonora, and La Verde (gold) at the Batopilas Property in the state of Chihuahua.

The Company's shares trade on the Bolsa de Valores de Lima and the Toronto Stock Exchange under the symbol "SMT".

Forward-Looking Statements

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "forward-looking statements", which involve various known and unknown risk and uncertainties and other factors, including market conditions that may affect the Company's ability to execute its current business plan.  Actual results might differ materially from results suggested in any forward-looking statements. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in filings by the Company with the Canadian securities regulators, which filings are available at www.sedar.com.

SOURCE Sierra Metals Inc.