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Sierra Metals Inc.
11/9/2020
Thank you. Ladies and gentlemen, thank you for standing by, and welcome to today's Sierra Metals Q3 2020 Consolidated Financial Results Call. After this presentation, there will be a question and answer session. To ask a question during this time, simply press star, then the number one on your telephone keypad. If at any time you require any further assistance, please press star zero. I would now like to turn the call over to your speaker today, Mike McAllister,
vice president of investor relations please go ahead thank you operator and good morning everyone welcome to sierra meadows q3 2020 results conference call on today's call we are joined by luis marchese our ceo ed de marais our cfo today's call will be followed by a question and answer period the accompanying presentation for today's call is available for download both through the webcast and from the company's website at sierra metals.com This morning's press release, the financial statements and the management discussion and analysis are also posted on the company website. Before I turn the call over to Luis, I would like to indicate that this earnings call contains forward-looking information that is based on the company's current expectations, estimates and beliefs. This forward-looking information is subject to a number of risks, uncertainties and other factors. Actual results could differ materially from our conclusions, forecasts, or projections as reflected in the forward-looking information. Additional information about the material factors that could cause actual results to differ materially from the conclusion, forecast, or projection in the forward-looking information and material factors or assumptions that were applied in drawing the conclusion or making forecast or projection as reflected in the forward-looking information is contained in the company's annual information form, which is publicly available on CDAR or EDGAR via Form 40F or on the company's website. Please note that all dollar amounts mentioned on the call today are in U.S. dollars unless otherwise noted. With that, I would now like to turn the call over to Louis Marchese, CEO of Sierra Metals.
Thanks, Mike. Before I speak out, about our Q3 highlights and insights, I would like to take a quick moment to update you on the most recent COVID-19 developments in Mexico and Peru. Turning to slide four. At the beginning of June, the Peruvian and Mexican governments allowed for the resumption of full mining and mining-related activities. The company recalled employees at the Yabricocham Bolivar Mines Also, on July 28th, once a process could be put in place to ensure working and community safety, we also recall employees there as well to restart operations. We are proceeding cautiously and adhering to strict health protocols to protect our employees and the communities in which we operate, as well as to mitigate the potential for further work stoppages at our mines. We continue to employ a double-sense methodology of testing, quarantine, and testing again before employees coming off break during the active workforce. Also, once at the mine, all employees are continued to be monitored with daily health checks. While this system has served us well, it's not a perfect solution. We still have had some positive cases materialize in the workforce and have needed to quarantine and send employees for further medical attention. We also need to remove any employees identified through contact tracing from the workforce until they are medically cleared to continue. I cannot understate the difficult situation due to COVID-19 currently both in Peru and Mexico, as we must continue to be very diligent in our actions. Taking care of the communities where we operate is also very important to us for their safety and their well-being. We have worked with the communities and have donated PPE and medical supplies, including a donation to a local fundraising effort near the agriculture mine for the purchase of two oxygen production plants. We will continue strengthening our engagement and support to our workforce, their families, and the local communities in our area of influence at all three mines as this situation evolves. I would like to commend our employees and management who, despite the challenges facing this quarter for lower than optimal headcount due to COVID-19, they managed to maintain a high level of productivity. With that, I will now turn the call over to Edgy Marais, our CFO for the financial highlights.
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