What you need to know: • After January’s strong gains in the metals and mining markets, February saw further growth across spot prices with the equities lagging due to cautious investor sentiment. • In February, gold hit all-time highs up 3.4%, silver was up 0.8%, and copper up 6.1%. The equities underperformed compared to the metals, with the GDX up 1.9%, GDXJ up 0.5%, and SIL up 0.3%. • British Columbia has launched a fast-track plan for 18 projects worth ~$20B, aiming to accelerate economic ...
A director at Santacruz Silver Mining Ltd bought 1,050,000 shares at 0.400CAD and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last t...
What you need to know: • Following two months of poor returns, the metals and mining market rose sharply in January as tariff uncertainties rose and the treasury yields decreased. • In January, gold was up 6%, silver was up 7%, and copper was up 7%. The equities exhibited leverage to the commodity price increases, with the GDX up 16%, GDXJ up 15%, and SILJ up 10%. • Donald Trump introduced the “Unleashing American Energy” executive order, urging agencies to review regulatory policies for oil, na...
What you need to know: • Santacruz reported its Q4/24 production results, that beat our estimates and its Q3/24 results. • We expect continued optimization and improved efficiencies at its Bolivian assets in 2025. • We recently initiated coverage on SCZ, read the report here. • SCZ is trading at just 2.0x 2025E CF compared to small/mid-cap silver producers at 7.2x. This morning, Santacruz Silver Mining Ltd. (SCZ:TSXV) announced its Q4/24 production results from its operating mines and San Lu...
What you need to know: • Santacruz is a multi-asset Canadian mining company focused on silver with assets in Latin America. • In April, the Company refinanced its debt with Glencore, reducing net debt from $176M in Q4/23 to $46M in Q3/24. • SCZ is now printing cash, generating $30M in OCF in Q3 and is on pace to generate $79M in 2024E. • SCZ is trading at just 1.9x 2025E CF compared to small/mid-cap silver producers at 7.2x. Santacruz Silver Mining Ltd. (SCZ:TSXV, SCZMF:OTC) is a Canadian minin...
Vancouver, British Columbia--(Newsfile Corp. - August 31, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") reports on its financial and operating results for the second quarter ("Q2") of 2021. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at or on SEDAR at . All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.Revenues increased by 131 per cent to $1...
Vancouver, British Columbia--(Newsfile Corp. - July 29, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") reports its operating results for the second quarter 2021 ("Q2") from the Zimapan Mine located in Zimapan, Hidalgo, Mexico and the Rosario Project located in Charcas, San Luis Potosi, Mexico. Production Highlights: 13.0% increase in silver equivalent production to 799,057 AgEq ounces as compared to Q1 2021 Zimapan tonnage through-put from Lomo del Toro increase to 12,000/month from 6,000/month when compared to Q1 2021 Zimapan average head grades increase...
Vancouver, British Columbia--(Newsfile Corp. - July 15, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (OTC Pink: SZSMF) ("Santacruz", or the "Company") announces that it has closed two shares for debt transactions (the "Debt Settlements") pursuant to the terms of debt settlement agreements entered into with Empresa Minera Manquiri, S.A. and Minas Güilloyna, S.A. de C.V., respectively, as previously announced on June 7, 2021. Pursuant to the two transactions, the Company settled aggregate debt of $4,468,005.10 (the "Debt") through the issuance of 10,342,604 common shares in the ca...
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") is saddened to report a fatality has occurred at its Rosario Project located in Charcas, San Luis Potosi, Mexico on Saturday, June 19 2021.The deceased was an underground miner. The accident took place at the Membrillo mine as a result of a rock fall. Santacruz personnel immediately followed mine rescue protocols, and authorities arrived shortly thereafter at the mine to review the site of the accident. Carlos Silva, CEO of Santacruz, stated; "We are extrem...
Vancouver, British Columbia--(Newsfile Corp. - June 7, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) ("Santacruz", or the "Company") announces that it intends to issue an aggregate of 10,342,604 common shares of the Company at a price of $0.432 per share in settlement of outstanding debts totalling C$4,468,005 (the "Debt Settlements"). Pursuant to the terms of a debt settlement agreement dated as of the date hereof, the Company has agreed to issue 9,907,530 common shares of the Company (the "Manquiri Settlement Shares") in settlement of outstanding debts totaling C$4,280,053 (US$...
Vancouver, British Columbia--(Newsfile Corp. - June 1, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the "Company" or "Santacruz") reports on its financial and operating results for the first quarter ("Q1") of 2021. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at or on SEDAR at All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.Revenues increased by 43 per cent t...
Vancouver, British Columbia--(Newsfile Corp. - May 19, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") provides an update on underground exploration activities on the Horizontes mineral zone (the historical "Lomo del Toro" zone) at the Zimapan mine, Mexico, where diamond drilling has commenced. The 22 hole, 3,400-meter drilling program is targeting mantos-style as well as chimney- and skarn-style mineralization along the projected 200-meter strike length of the Horizontes one and Horizontes two mineral bodies. Drilling is planned from three underground drill sta...
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") reports its operating results from the Zimapan Mine located in Zimapan, Hidalgo, Mexico and the Rosario Project located in Charcas, San Luis Potosi, Mexico, for the first quarter 2021 ("Q1"). The Company is not including production from the Veta Grande Project in this report as operations at Veta Grande were suspended during Q1 2020. Production Highlights: Silver equivalent ounces produced 706,978 Silver head grades increase 9.4 % at Zimapan Mine as compare...
Vancouver, British Columbia--(Newsfile Corp. - May 7, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") announces that it has granted a total of 16,250,000 stock options to its directors, officers, employees, consultants and advisors. The stock options, which are subject to the terms and conditions of the Company's stock option plan, have a five-year term, are exercisable at $0.47 per share and subject to certain vesting requirements.About Santacruz Silver Mining Ltd. Santacruz is a Mexican focused silver company with two producing silver projects, Zimapan and Ro...
Vancouver, British Columbia--(Newsfile Corp. - May 6, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the "Company" or "Santacruz") reports on its financial and operating results for the fourth quarter ("Q4") of 2020 and for the 2020 fiscal year. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at or on SEDAR at All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.Carlos...
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") is pleased to report that it has completed the previously announced acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. ("Minera Cedros"), a wholly owned subsidiary of Grupo Peñoles. The transaction was funded in part by a US$17.6 million loan facility (the "Trafigura Loan Facility") provided by Trafigura Mexico, S.A. de C.V. (the "Trafigura Mexico").As noted in the Company's press release of February 25, 2021, total consideration paid by ...
Vancouver, British Columbia--(Newsfile Corp. - April 19, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. ("Minera Cedros"), together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V. (the "Trafigura Loan Facility"), are now expected to close on or about April 23, 2021.Pursuant to the definitive purchase agreement dated February 24, 2021 (the "Purchase Agreement") between the Company's wholly-owned subsidiary, Carrizal Mining, S.A. de C.V. ("Carriza...
Vancouver, British Columbia--(Newsfile Corp. - April 13, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") is pleased to announce that it has closed its previously announced non-brokered private placement offering (the "Private Placement") of units of the Company (each, a "Unit") with a lead order from Palisades Goldcorp Ltd. The Company issued an aggregate of 46,965,000 Units at a price of $0.30 per Unit for gross proceeds of $14,089,500.Each Unit consists of one common share of the Company and one non-transferable common share purchase warrant (a "Warrant"). Ea...
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the "Company" or "Santacruz") announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. ("Minera Cedros"), together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V. (the "Trafigura Loan Facility"), are now expected to close on or before April 16, 2021. These transactions were last described in the Company's news release dated February 25, 2021.Pursuant to the definitive purchase agreement dated February 24, 2021 (the "Pu...
Vancouver, British Columbia--(Newsfile Corp. - March 18, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") is pleased to announce that due to strong investor demand it has increased the size of its previously announced non-brokered private placement offering of units to CDN$14.1 million (the "Private Placement"), with a lead order from Palisades Goldcorp.The Private Placement will now consist of up to 47,000,000 units (the "Units") at a purchase price of CDN$0.30 per Unit, for gross proceeds to the Company of up to CDN$14,100,000. Each Unit will consist of one co...
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