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Santacruz Silver reports third quarter production increase

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(Kitco News) - Santacruz Silver Mining (TSX.V:SCZ) announced today that the company produced 316,024 ounces of silver in Mexico in Q3 2021, an increase of 4% compared to Q3 2020 (304,123 ounces).

In addition, the company produced 1,012 tonnes of lead (Q3 2020: 1,080 tonnes), 3,767 tonnes of zinc (Q3 2020: 3,041 tonnes), 497 tonnes of copper (Q3 2020: 395 tonnes), and 8 ounces of gold (Q3 2020: 59 ounces).

The company said that this positive change in production was due to the increased silver equivalent production from the Zimapan mine.

CEO Carlos Silva stated, "The production increase during Q3 arose mainly from the Carrizal and Monte mines as a result of development of new stopes at Lomo del Toro setting the stage for a strong year end."

"All underground equipment from the Rosario project is now working at Lomo de Toro and it is expected that with this additional equipment production will further increase during Q4," he added.

Santacruz is a Mexican focused silver company with two producing silver projects (Zimapan and Rosario) and two exploration properties, the La Pechuga property and Santa Gorgonia prospect.

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