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Alpayana ups Sierra bid

Exploiting financial weakness

Paul Harris
Yauricocha in Peru

Yauricocha in Peru | Credits: Sierra Metals

Peru's Alpayana has increased its bid in a hostile takeover attempt of base metals producer Sierra Metals from 85c to C$1.11 per share, valuing Sierra at about C$235 million. Alpayana launched its initial...

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