10:58 AM EST - Sierra Metals Inc. : Has agreed to repurchase a royalty on its Cusi Silver Mine in Mexico, from Minera Cusi SA de CV for $4.0 million U.S. The royalty agreement required the Company to pay a 3% royalty on the net revenues generated by the mine, less transportation costs, for the life of the mine. The Company has already paid $2.5 million U.S. upon signing the repurchase contract on May 10, 2019 and is required to pay a further US$1.5 million on May 10, 2021. Sierra Metals Inc.
shares T.SMT are trading unchanged at $1.78.
