Santacruz Silver

Santacruz Silver Reports First Quarter 2024 Results
May 31, 2024

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) ("Santacruz" or "the Company?) reports its financial and operating results for the first quarter (?Q1?) of 2024. The full version of the financial statements and accompanying Management?s Discussion and Analysis (the ?MD&A?) can be viewed on the Company?s website at www.santacruzsilver.com or on SEDAR+ at www.sedarplus.ca.

Q1 2024 Highlights

   Processed 470,749 tonnes of material and produced 4,478,122 silver equivalent ounces, including:
       1,581,949 ounces of silver
       22,847 tonnes of zinc
       2,953 tonnes of lead
       256 tonnes of copper

   Cash cost per silver equivalent ounce sold of $21.19
   AISC per silver equivalent ounce sold of $24.12
   Revenue of $52,589,000
   Adjusted EBITDA of ($215,000)

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, ?Santacruz has successfully restructured its debt with Glencore, resulting in enhanced financial flexibility and a more robust balance sheet.  This strategic move has bolstered the Company´s financial position and should allow for better optimization of Santacruz?s core business activities and the pursuit of long-term growth initiatives.?

Mr. Préstamo continued, ?During the first quarter, production at our Bolivian mines faced several disruptions due to various events, including national holidays, and the national population census. Caballo Blanco experienced a challenging quarter due to additional production disruptions caused by safety training and mining in areas with lower silver grades. However, the preparation of new areas is progressing well, thanks to the integration ramp. Caballo Blanco is expected to mine areas with higher silver grades in the coming months and together with less operational disruptions, the Company expects a better performance. Our AISC per silver equivalent ounces sold increased due to the decrease in silver equivalent ounce sold, with the most impact being from Caballo Blanco. However, our Zimapan mine in Mexico experienced no production variances during the quarter, with the efficiency strategies implemented in late 2023 continuing to deliver improvements.?

Selected consolidated financial and operating information for the quarter ended March 31, 2024 are presented below. All financial information is prepared in accordance with International Financial Reporting Standards (?IFRS?), and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.

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https://santacruzsilver.com/news/...ports-first-quarter-2024-results/  

https://www.newswire.ca/news-releases/...ncial-results-890096685.html  

Santacruz Silver Reports Year End 2024 Financial Results
May 28, 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (OTCQB:SCZMF) (FSE:1SZ) (?Santacruz? or the ?Company?) reports its financial and operating results for the year ended December 31, 2024 (?FY 2024?). The full version of the audited financial statements for FY 2024 (the ?Financial Statements?), which includes a restatement of comparative 2023 consolidated financial statements, and accompanying Management?s Discussion and Analysis (the ?MD&A?), can be viewed on the Company?s website at www.santacruzsilver.comor on SEDAR+ at www.sedarplus.ca. All amounts are expressed in U.S. dollars, unless otherwise stated.

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https://santacruzsilver.com/...ports-year-end-2024-financial-results/
 

Santacruz...Bin bei 0,20 rein...Wenn jetzt noch der Silberpreis explodiert, dann sehen wir einen 10 Bagger Auf gar keinen Fall verkaufen!!!!!...Stay so Long...  

der Explorer und Junior Minen.Schaut euch Sonoro Gold an.Bei 0,05 Cent gekauft.Sollte bald die Genehmigung in Mexico von Claudia Scheinbaum kommen.Und Impact Silver beginnt auch zu laufen.Sollten alle zum laufen kommen, wenn Silber aus bricht.Keine Kaufempfehlung!VG ...  

Santacruz Silver Produces 3,688,129 Silver Equivalent Ounces in Q1 2025
June 9, 2025

Including 1,590,063 ounces of silver and 20,719 tonnes of zinc

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (OTCQB:SCZMF) (FSE:1SZ) (?Santacruz? or the ?Company?) reports its Q1 2025 production results from its Bolivar mine, Porco mine, Caballo Blanco Group of mines (?Caballo Blanco?) and the San Lucas Group which includes the Reserva Mina and the San Lucas feed sourcing business (?San Lucas?), all located in Bolivia, and the Zimapan mine located in Mexico.

Q1 2025 Production Highlights:

Silver Equivalent Production: 3,688,129 silver equivalent ounces
Silver Production: 1,590,063 ounces
Zinc Production: 20,719 tonnes
Lead Production: 2,718 tonnes
Copper Production: 279 tonnes
Underground Development: 10,135 meters

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, ?Santacruz started 2025 with strong contributions from its Mexican operations, driven by steady production growth, solid mill throughput, and disciplined mine execution. Whilst in Bolivia, at our San Lucas ore sourcing business, our margin-based model supported profitability through flexible ore sourcing and cost flexibility, despite normal head grade variability.?

Mr. Préstamo continued, ?Operations at Bolívar, Porco, and Caballo Blanco remained firmly focused on maximizing silver production and metallurgical recoveries, aligned with this year´s mine plan. Our strategic focus on silver production has proven especially beneficial, considering the favorable silver price environment, and we are reaffirming our commitment to prioritizing silver production across our portfolio of assets. Lower throughput from our Bolivian operations in Q1 reflects the typical seasonal slowdown experienced during the first quarter of the year.?

https://santacruzsilver.com/...9-silver-equivalent-ounces-in-q1-2025/  

Santacruz Silver Reports First Quarter 2025 Results
June 12, 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (OTCQB:SCZMF) (FSE:1SZ) (?Santacruz? or the ?Company?) reports its financial and operating results for the quarter ended March 31, 2025 (?Q1 2025?). The full version of the Q1 2025 financial statements (?Financial Statements?) and accompanying Management?s Discussion and Analysis (the ?MD&A?) can be viewed on the Company?s website at www.santacruzsilver.com or on SEDAR+ at www.sedarplus.ca. All amounts are expressed in U.S. dollars, unless otherwise stated.

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https://santacruzsilver.com/...er-reports-first-quarter-2025-results/  

Santacruz Silver Announces Appointment of Andrés Bedregal as Chief Financial Officer
June 16, 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V: SCZ) (OTCQB: SCZMF) (FSE: 1SZ) (?Santacruz? or ?the Company?) is pleased to announce that Mr. Andrés Bedregal, who has served as the Company?s interim Chief Financial Officer since October 15, 2024, has been appointed Chief Financial Officer effective immediately.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: ?We want to congratulate Andrés on his well-deserved appointment as Santacruz?s CFO. During his tenure as interim CFO, he has demonstrated exceptional leadership and a deep understanding of the Company?s financial operations, helping us navigate through important milestones. Andrés has been instrumental in strengthening Santacruz?s balance sheet through disciplined financial management, which has greatly improved the Company?s financial health and ability to grow. He played a big role in securing better terms for our Bolivian asset acquisition through the Accelerated Option Plan, which will lead us to debt-free path by year-end. There is no one better suited for this position. Andrés has proven himself as an invaluable member of the team, and we?re confident his dedication and expertise will continue to drive Santacruz forward.?

Mr. Bedregal is also the current CFO for Sinchi Wayra S.A., a wholly-owned subsidiary of Santacruz Silver Mining, Ltd., a position he has held since joining Sinchi Wayra S.A. in 2022. As CFO of Sinchi Wayra, Mr. Bedregal has successfully led the Bolivian finance group?s upgrade of the financial and management reporting systems, as well as contributed to strategic business decisions, over the past three years.

Mr. Bedregal has extensive expertise in financial planning, investment analysis, and leveraging data-driven tools to enhance decision-making processes. His skills include M&A, risk assessment, and the execution of complex financial strategies. Mr. Bedregal holds a Bachelor of Arts in Economics and Political Science from the University of Kansas, Lawrence, Kansas, USA. Additionally, Mr. Bedregal earned a Master?s Degree in Finance (MDF) from the Universidad Católica Boliviana and an MBA from the Universidad Privada Boliviana in La Paz, Bolivia. He is also a Level III Candidate in the CFA Program from the CFA Institute.?

As CFO of Santacruz, Mr. Bedregal will continue to strengthen the Company?s financial discipline, optimize capital allocation, and drive initiatives that support Santacruz?s continued growth

https://santacruzsilver.com/...s-bedregal-as-chief-financial-officer/  

Santacruz Silver Announces Approval to Trade on the OTCQX Best Market Under Symbol ?SCZMF?

June 26, 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V: SCZ) (OTCQX: SCZMF) (FSE: 1SZ) (?Santacruz? or ?the Company?) is pleased to announce that it has qualified to trade on the OTCQX® Best Market (the ?OTCQX?), upgrading from the OTCQB® Venture Market. Effective today, the Company?s common shares (?Shares?) will be available to trade under the symbol ?SCZMF? on the OTCQX, the highest level of the OTC Markets. Santacruz?s Shares will continue to be listed and trade on the TSX Venture Exchange (TSXV) under the symbol ?SCZ? and on the Frankfurt Stock Exchange (FSE) under the symbol ?1SZ?.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: ?We are excited to have qualified for the upgrade to this premium capital market. This graduation will strengthen our access to U.S. investors and increase liquidity which is one of Santacruz?s key focuses this year. In addition, gaining access to the OTCQX highlights our commitment to transparency and operational excellence. As we continue to advance our strategy, trading on the OTCQX will support our goal of building a leading silver and base metals producer in Latin America while providing long-term value to our shareholders.

The OTCQX is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

For U.S. investors, current financial disclosure and Real-Time Level 2 quotes for the Company are accessible at www.otcmarkets.com.

https://santacruzsilver.com/...-otcqx-best-market-under-symbol-sczmf/  

Santacruz Silver Grants Stock Options and Omnibus Plan Share Units

June 26, 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (?Santacruz? or ?the Company?) announces that the Company has granted stock options (?Options?), deferred share units (?DSUs?), restricted share units (?RSUs?) and performance share units (?PSUs?) to certain directors, officers, employees and consultants in accordance with the Company?s Omnibus Equity Incentive Plan dated November 17, 2023.

The board of directors of the Company has approved the grant of an aggregate of 3,450,000 Options, 955,000 RSUs and 500,000 PSUs (collectively, the ?Awards?) to certain directors, officers, employees and consultants of the Company. The 2023 Omnibus Equity Incentive Plan?s objective is to create an incentive compensation program that is aligned with the Company?s long-term objectives.

Each vested, DSU, PSU, RSU and Option may be redeemed for one common share of the Company. The Awards will have the following terms:

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https://santacruzsilver.com/...ptions-and-omnibus-plan-share-units-2/  

Santacruz Silver Announces Payment to Glencore of US$7.5 Million Under Acceleration Plan
July 7, 2025
Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V: SCZ) (OTCQX: SCZMF) (FSE: 1SZ) (?Santacruz? or the ?Company?) is pleased to announce that it has made the third payment of US$7.5 million to Glencore as part of the Company?s previously announced plan to exercise its Acceleration Option and satisfy the Base Purchase Pricerelated to the Bolivian assets acquisition.

This third payment of US$7.5 million follows the initial US$10 million payment made on March 20, 2025, and the second payment of US$7.5 million completed thereafter. It is part of a structured payment plan totaling US$40 million to be completed by October 31, 2025. The plan is expected to generate US$40 million in savings and underscores the Company?s commitment to financial discipline and long-term value creation.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: ?We are pleased to continue delivering on this strategic plan, which reflects our disciplined financial approach. This third payment to Glencore highlights our ability to meet our obligations while preserving a strong balance sheet and liquidity position. With US$15 million remaining under the payment plan, we remain committed to generating long-term shareholder value through prudent capital management and operational excellence.? Mr. Préstamo added: ?We extend our sincere thanks to Glencore for their continued support and collaborative spirit throughout this process. Our strong relationship with Glencore remains a key asset as we advance our strategic priorities in Bolivia and beyond.?

Please refer to the Company?s October 3, 2024, March 20, 2025, and May 6, 2025, news releases for details on the payment structure for the Bolivian assets acquisition.

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https://santacruzsilver.com/...us7-5-million-under-acceleration-plan/
 

Santacruz Silver Produces 3,547,054 Silver Equivalent Ounces in Q2 2025

July 29, 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (OTCQX:SCZMF) (FSE:1SZ) (?Santacruz? or the ?Company?) reports its Q2 2025 production results from its Bolivar mine, Porco mine, Caballo Blanco Group of mines (?Caballo Blanco?) and the San Lucas Group which includes the Reserva Mina and the San Lucas feed sourcing business (?San Lucas?), all located in Bolivia, and the Zimapan mine located in Mexico.

Q2 2025 Production Highlights:
Silver Equivalent Production: 3,547,054 silver equivalent ounces
Silver Production: 1,423,081 ounces
Zinc Production: 21,148 tonnes
Lead Production: 2,773 tonnes
Copper Production: 229 tonnes
Underground Development: 11,531 meters

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, ?Santacruz maintained robust and stable production levels during the second quarter of 2025, and, notably, San Lucas reaffirmed its strategic importance within the Company this quarter, successfully compensating for the slower production from the Bolivar mine. From Q1 2025 to Q2 2025, consolidated throughput remained stable, increasing slightly by 2%; however, consolidated silver equivalent production decreased by 4%, with silver ounces declining 11%. The reductions were primarily driven by flooding at the Bolivar mine, which was caused by an unexpected water inflow event that temporarily exceeded the system?s designed pumping capacity. As a result, access to the high-grade Pomabamba and Nane silver stopes at the Bolivar mine was suspended. The water overflow has now been resolved, and work on both stopes is gradually being restored to normal. Consolidated Zinc production was roughly unchanged, with a slight 2% decrease. Looking at the second half of the year, we remain focused on maximizing silver production and metallurgical recoveries across all our operations, an approach that is especially important in today?s favorable silver price environment.?

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https://santacruzsilver.com/...4-silver-equivalent-ounces-in-q2-2025/  

Santacruz Silver?s Wholly Owned Bolivian Subsidiary, San Lucas S.A., Successfully Completes Second Tranche of 70 Million Bolivian Bolivianos Promissory Note in the Bolivian Market

August 11, 2025

Total Raised Reaches 140 Million Bolivian Bolivianos
First Tranche of 70 Million Bolivian Bolivianos Closed in February 2025

Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (OTCQX:SCZMF) (FSE:1SZ) (?Santacruz?) is pleased to announce that its wholly owned subsidiary in Bolivia, San Lucas S.A. (the ?Company?), has successfully completed the second offering (the ?Offering?) of promissory notes, named ?Pagarés Bursátiles San Lucas ? Emisión 2,? under its San Lucas Promissory Notes Issuance Program on Friday, August 8, 2025. The Offering generated gross proceeds of 70 million Bolivian Boliviano*. The notes have a 7.00% interest rate, a maturity date of June 15, 2026 and are unsecured. With the first tranche of 70 million Bolivian Boliviano* closed in February 2025, this issuance brings the total raised to 140 million Bolivian Boliviano*.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, ?We are pleased to have successfully completed the second offering under the San Lucas Promissory Notes Issuance Program, which we once again received strong support from the Bolivian investment community, demonstrating continued confidence in Santacruz?s operations and long-term vision. With the majority of our operations based in Bolivia, the Offering reinforces our deep commitment to the country, where we continue to invest, expand and contribute meaningfully to the growth of the Bolivian mining sector, its communities and broader economic development. It also marks a key step in our strategy to diversify funding sources in line with our efficient treasury management approach, which further strengthens Santacruz?s capital structure, supporting ongoing efforts to deliver long-term value for our shareholders.?

The Offering was part of the San Lucas Promissory Notes Issuance Program, which has a total authorized amount of 140 million Bolivian Boliviano*. The Offering was executed on the Bolivian Stock Market (Bolsa Boliviana de Valores) and continued to receive strong demand from the Bolivian investment community, reflecting ongoing confidence in the San Lucas ore sourcing and trading business, and the Company?s solid financial position and long-term vision.

Please refer to the Company?s February 27, 2025, news release for details of the first offering.

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https://santacruzsilver.com/...romissory-note-in-the-bolivian-market/  

Santacruz Silver Reports Second Quarter 2025 Results
August 21, 2025
Vancouver, B.C. ? Santacruz Silver Mining Ltd. (TSX.V:SCZ) (OTCQX:SCZMF) (FSE:1SZ) (?Santacruz? or the ?Company?) reports its financial and operating results for the quarter ended June 30, 2025 (?Q2 2025?). The full version of the unaudited Q2 2025 financial statements (?Financial Statements?) and accompanying Management?s Discussion and Analysis (the ?MD&A?) can be viewed on the Company?s website at www.santacruzsilver.com or on SEDAR+ at www.sedarplus.ca. All amounts are expressed in U.S. dollars, unless otherwise stated.

Q2 2025 Highlights

   Revenues of $73.3 million, a 4% increase year-over-year.
   Gross Profit of $25.3 million, a 59% increase year-over-year.
   Net Income of $21.0 million, a 1,348% increase year-over-year.
   Adjusted EBITDA of $26.8 million, a 68% increase year-over-year.
   Cash and short- and long-term investments of $57.8 million, a 691% increase year-over-year.
   Working Capital of $60.3 million, a 303% increase year-over-year.
   Cash cost per silver equivalent ounce sold ($/oz) of $19.48, a 10% decrease year-over-year.
   AISC per silver equivalent ounce sold of $22.95, a 8% decrease year-over-year.
   Silver Equivalent Ounces produced of 3,547,054, a 15% decrease year-over-year1.

1. The Full Q2 2025 production results were released in a news release dated July 29, 2025.

Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: ?Our second quarter results reflect the strength and stability of Santacruz?s business model. We achieved solid revenue growth and significantly improved profitability, with net income and adjusted EBITDA both showing substantial gains. At the same time, we strengthened our balance sheet, ending the quarter with nearly $58 million in liquidity, which includes $40 million in cash and investments of $17.8 million. This strong position is after paying Glencore an additional $7.5 million under the acceleration payment plan while also achieving a 303% increase in working capital and lowering our costs year-over-year this quarter.?

Mr. Préstamo continued, ?Whilst we faced challenges at our Bolivar mine that temporarily halted mining at the high-grade Pomabamba and Nane veins, our San Lucas ore sourcing business helped offset part of the impact. Remediation efforts are underway, and we expect production at Bolivar to normalize by Q4 2025. Our second quarter results highlight the resilience of our operations and our commitment to delivering value. We remain focused on operational efficiency, balance sheet strength, and sustainable long-term growth.?

Selected consolidated financial and operating information for Q2 2025, Q1 2025 and Q2 2024 is presented below. All financial information is prepared in accordance with International Financial Reporting Standards (?IFRS?), and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise noted.

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https://santacruzsilver.com/...r-reports-second-quarter-2025-results/