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Santacruz produces 4.9 Moz silver equivalent ounces in Q3, up 456% y-o-y

Kitco Media
By Vladimir Basov
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(Kitco News) - Santacruz Silver Mining (TSXV: SCZ) said today it produced 4,850,949 silver equivalent ounces in Q3 2022, up 19.8% on Q2 2022 and an increase of 455.7% compared to Q3 2021.

In its press-release, the company noted that during the third quarter it saw strong performance from the Zimapan and Bolivar mines, as well as its San Lucas trading company, adding that the Zimapan mine has continued to increase total ore production while maintaining head grade.

CEO Carlos Silva stated, "This positive production trend confirms a successful transition process and solidifies our path forward to become a significant player in our industry. Over recent quarters the Zimapan mine has seen continued production growth arising from improved mine planning and operating efficiencies. The same approach is being implemented at our Bolivian operations." 

Santacruz Silver 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 Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita mines and holds two exploration properties in its mineral property portfolio, the La Pechuga property and the Santa Gorgonia prospect, and one development project, the Soracaya project in addition to the San Lucas ore sourcing and trading business. 

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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