santacruz silver mining

Santacruz silver mining

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Santacruz silver mining

Santacruz Silver aims to stabilize production, reduce costs, and clarify its balance sheet after acquiring new assets. Key initiatives like an interconnection tunnel and dedicated processing could boost output. Santacruz Silver Mining Ltd. Santacruz acquired the Glencore assets in Bolivia in late and has been focused on assimilating those operations over the past 18 months. The company aims to stabilize and incrementally grow production while reducing costs. In Q2, the company produced 5. The transition of acquiring and integrating the new Bolivian assets has presented some one-time accounting and administrative challenges as the company works to align the Bolivian operations to IFRS reporting standards. However, management believes the transition is in an advanced stage and major milestones have been achieved. In addition to production growth, Santacruz sees opportunities to significantly reduce costs. The main drivers will be:. With these initiatives, investors can expect to see both production growth and lower costs in This will provide additional working capital and balance sheet clarity. With silver prices low, Santacruz Silver remains focused on what it can control - stabilizing its operations, reducing costs, and incrementally growing production. The company appears to be making good progress integrating its newly acquired Bolivian assets. Several catalysts in the coming months will demonstrate this progress.

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Santacruz Silver Mining Ltd. About the company. The company primarily explores for silver and zinc, as well as lead and copper deposits. Rewards Risk Analysis. Earnings have declined by Negative shareholders equity. Highly volatile share price over the past 3 months.

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Santacruz silver mining

Santacruz Silver is a Latin-American focused silver company with one producing silver mine Zimapan and two exploration properties in Mexico. This includes three producing assets in Bolivia and one advanced exploration project with excellent potential. In October , the Company announced it has entered into a definitive share purchase agreement with Glencore whereby Santacruz will acquire a portfolio of Bolivian silver assets from Glencore, including a per-cent interest in the producing Bolivar and Porco mining operations held through an unincorporated joint venture with Corporacion Minera de Bolivia COMIBOL , a Bolivian state-owned entity, a per-cent interest in the Sinchi Wayra business which includes the producing Caballo Blanco mining complex, the Sorocaya project located in Bolivia, and the San Lucas ore sourcing and trading business and certain related properties and assets. In addition, Glencore will also be granted a 1. Cookies are used to make this website work and to enhance your experience. To learn more about the types of cookies this website uses, see our Cookie Policy. You can provide consent by clicking the "I Consent" button or by canceling this cookie notice. We need your consent to use marketing cookies.

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Exclusive news, data and analytics for financial market professionals Learn more about Refinitiv. Other stock markets EST. Santacruz Silver Mining Ltd. Jan With these initiatives, investors can expect to see both production growth and lower costs in The mill expansion is The mine is 34 mining concessions covering an area of 5, hectares, including the highly prospective hectare Santa Gorgonia 1 concession. July 28, Q2 results reflect a stabilization and transition process. TSXV: SCZ "the Company" or "Santacruz" is pleased to announce that it has completed the acquisition of a portfolio of producing assets located in Bolivia the " Transaction " pursuant to a previously March 1, Financial Health. Institutional-grade mining analysis available for free. Something went wrong while submitting the form.

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January 11, Announces CEO Changes. TSXV: SCZ the "Company" or "Santacruz" reports that, further to its news release dated February 25, , the Company will not be completing any additional tranches of its previously announced June 5, Price Volatility. New major risk - Share price stability Feb Shares Out Mil Organic production growth opportunities have been identified, such as leasing a dedicated mill for the San Lucas trading company to free up mill capacity at the company's three main mills. Silva is currently the Chief Operating Stay in the current country edition.

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