(Kitco News) - On Wednesday, Santacruz Silver Mining (TSXV: SCZ) reported Q2 2022 production of 4,046,328 silver equivalent ounces from its mines in Mexico and Bolivia, up 406% over Q2 2021 (799,057 ounces).
The company said that the second quarter was the first full quarter of results from the recently acquired Bolivian Operations, adding that at the company’s Mexican Operations, commencing Q3 it expects to see increased production from new stopes and a reduction in lower grade mineralized material from development works, which should positively impact AISC at the Zimapan Mine.
Santacruz also noted that in regard to its Bolivian Operations, the transition process is proceeding smoothly. The company said that its aim is to improve production and efficiencies across all mines, in addition to ensuring the strategic operation of the San Lucas ore sourcing and trading business.
Santacruz is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America, with a primary focus on silver and zinc, but also including lead and copper.
The company currently has six producing projects, the Zimapan Mine, Bolivar Mine (45% interest), Porco Mine (45% interest), Tres Amigos, Reserva and Colquechaquita Mines, holds two exploration properties in its mineral property portfolio, the La Pechuga Property (Mexico) and the Santa Gorgonia Prospect (Mexico), and one development project, the Soracaya Project (Bolivia) in addition to the San Lucas ore sourcing and trading business.
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