07:33 AM EST, 12/05/2024 (MT Newswires) -- Sierra Metals ( SMTSF ) provided on Thursday its production and cost guidance for 2025.

The miner, which owns the Yauricocha mine in Peru and the Bolivar mine in Mexico, said it expects to produce 44.6 million to 48.5 million pounds of copper, 53.6 million to 58.4 million pounds of zinc and 2.1 million to 1.9 million ounces of silver.

Sierra also outlined an output target of 10,200 to 11,100 ounces of gold and 13.7 million to 15 million pounds of lead.

For cash costs, Sierra expects to record $2.42 to $2.59 per pound of copper equivalent at Yauricocha and $2.64 to $2.77 per pound of copper equivalent at Bolivar.

Sierra anticipates all-in sustaining costs to reach $2.91 to $3.11 per pound of copper equivalent at Yauricocha and $3.45 to $3.62 per pound of copper equivalent at Bolivar.

"We are very excited to have reached full capacity levels in Yauricocha, allowing us to operate at higher throughput rates," CEO Ernesto Balarezo said. At Bolivar, we also expect to operate at full capacity throughout the year, despite lower projected grades due to our mining sequencing plan."

"Overall, looking ahead to 2025, we envision a year of full throughput at both operations, while we position our mines for sustainable long term value creation," Balarezo added.

Sierra said it will release its 2024 production results in January and its full-year financial results in March.

The miner's share price rose 6% yesterday to $0.71 on the TSX.