08:44 AM EDT, 04/04/2024 (MT Newswires) -- Sierra Metals Inc. ( SMTSF ) said Thursday that it will apply for a secondary listing of common shares on the Bolsa de Valores de Lima, or the Lima Stock Exchange.

The process is expected to take up to four months to complete.

"The BVL is part of the Latin American Integrated Market (MILA) which is an agreement among the Chilean, Colombian, Mexican, and Peruvian stock exchanges," Ernesto Balarezo, CEO of Sierra Metals ( SMTSF ), said in a statemente. "Our potential listing on the BVL should increase Sierra's potential investor exposure and market liquidity, giving access to participate in the Company's growth plans to Latin American funds, institutions, retail investors, and Peruvian pension funds, that have estimated assets under management of over US$50 billion, of which 50% must be invested in Peru."