Santacruz Silver Mining Ltd. is pleased to announce that the Company has structured and implemented a plan to exercise its Acceleration Option to satisfy the Base Purchase Price owed to Glencore, by making payments on a schedule that aligns the accelerated timing whilst meeting the Company's commitment to financial discipline and a strong balance sheet. The plan's primary objective is to save the Company US$40 million [...]
Santacruz Silver Mining Ltd. is pleased to announce the appointment of Mr. Eduardo Torrecillas as Chief Operating Officer. With over 18 years of experience in senior leadership roles, prior to his appointment as Chief Operating Officer, Mr. Torrecillas served as Executive Chairman and President of Santacruz's Bolivian operations since March 2022. Before joining Grupo Minero Sinchi Wayra, Mr. Torrecillas spent more than 12 [...]
Santacruz Silver Mining is pleased to announce that its wholly owned subsidiary in Bolivia, San Lucas, has today successfully completed the first offering of promissory notes, named "Pagarés Bursátiles San Lucas - Emisión 1," under its San Lucas Promissory Notes Issuance Program. The offering was oversubscribed and sold out in a matter of 15 minutes, for gross proceeds of 70 million Bolivian Boliviano*. The notes have a [...]
Santacruz Silver Mining regrets to report that an employee of the Company was fatally injured at the Tres Amigos mine, part of the Caballo Blanco Group of mines in Bolivia on Feb 6, 2025. A miner was involved in an accident while performing cleaning work nearby a development with an ore pass junction. The incident occurred when material was being removed from below, causing instability in the area where the worker was [...]
Santacruz Silver Mining reports its Q4 2024 production results from its Bolivar mine, Porco mine, Caballo Blanco Group of mines and the San Lucas ore sourcing business, and the Zimapan. Q4 2024 Production Highlights: Silver Equivalent Production: 4,710,013 silver equivalent oz Silver Production: 1,761,686 oz Zinc Production: 23,357 tonnes Lead Production: 2,932 tonnes Copper Production: 248 tonnes Underground Development [...]
Santacruz Silver Mining reports its financial and operating results for the three and nine months ended Sept 30, 2024. The full version of the financial statements and accompanying Management's Discussion and Analysis can be viewed on the Company's website or on SEDAR+. Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, "Following the successful restructuring of the Share Purchase Agreement (SPA) with [...]
Santacruz Silver Mining Ltd. is pleased to announce the release of the 2023 Sustainability Report for its wholly-owned Bolivian subsidiary, Grupo Minero Sinchi Wayra , highlighting significant progress in Environmental, Social and Governance initiatives across the Company's Bolivian operations. Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented: "Sinchi Wayra's 2023 Sustainability Report captures our [...]
Santacruz Silver Mining reports its Q3 2024 production results from its Bolivar mine, Porco mine, Caballo Blanco Group of mines and the San Lucas feed sourcing business, all located in Bolivia, and the Zimapan mine. Q3 Production Highlights: Silver Equivalent Production: 4,644,013 silver equivalent ounces Silver Production: 1,703,387 ounces Zinc Production: 23,143 tonnes Lead Production: 3,027 tonnes Copper Production [...]
Santacruz Silver Mining announces that Mr. Gregg Orr, CFO of the Company, has resigned and Mr. Andres Bedregal, a seasoned finance executive with proven success in business development and strategic finance, has been appointed as the Interim Chief Financial Officer of the Company to replace Mr. Orr Mr. Bedregal is the current CFO for Sinchi Wayra S.A., a wholly-owned subsidiary of Santacruz Silver Mining, Ltd.Since [...]
Santacruz Silver Mining Ltd. is pleased to announce that further to its news release dated April 4, 2024, it is has entered into a definitive omnibus agreement and an amended and restated omnibus security agreement , each with an effective date of October 3, 2024, with certain Glencore entities to amend certain transaction documents in connection with the prior sale by Glencore of its Bolivian mining assets to Santacruz [...]
Santacruz Silver Mining is pleased to report that all matters were approved at the Company's Annual General shareholders' meeting held on September 16, 2024. At the Meeting, the Company's shareholders re-elected all of the Company's current board of directors, Arturo Prestamo Elizondo, Federico Villasenor, Roland Lohner, Larry Okada and Barry Girling, and approved the appointment of the Company's auditor, Deloitte LLP [...]
Santacruz Silver Mining Ltd. is pleased to announce its National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant Mineral Resource and Reserve estimates for its three Bolivian producing assets, the Bolivar mine, Porco mine, and Caballo Blanco Group of mines , and the Soracaya exploration project , also located in Bolivia. The Mineral Resources and Reserves for the Bolivian Producing Mines were [...]