Santacruz Silver Mining
Financials:
Primary ticker: TSXV:SCZ
Stage of development: Production
Primary minerals: Silver, Zinc, Lead
Projects to promote: Bolivar Mine, Porco Mine, Caballo Blanco Group of Mines, Zimapan Mine, San Lucas Business
Project locations: Bolivia and Mexico
Website: www.santacruzsilver.com
Corporate presentation: Click here
Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and trading business are also in Bolivia. The Zimapan mine is in Mexico.
Cash: CAD$7.7M
Debt: NIL
Major shareholders:
Sprott – 1.5%
US Global – 1.1%
Management Ownership – 9%
Map of Projects
Management Profile
Arturo Prestamo – Execuitve Chairman and Interim CEO
Mr. Préstamo Elizondo holds a C.P.A. degree from the University of Monterrey, a Master Degree from EGADE University and professional degree from I.P.A.D.E. Business School. With more than 10 years of executive and operational experience in the mining industry (precious metals), Mr. Préstamo Elizondo has worked for different public companies as Director of Planning, Corporate Finance and Investor Relations. Mr. Préstamo Elizondo is member of Mexico’s Mining Chamber, and participates actively in different mining initiatives in the country.
What is your rationale for taking part in 121 Mining Investment?
Introduce a new Latin American silver and base metals producer to the market.
What recent news would you like to highlight to investors attending?
– Processed 443,969 tonnes of material in Q2 2023: 926,466 tonnes in the first half 2023;
– Produced of 5,569,535 silver equivalent ounces in Q2 2023: 11,213,918 silver equivalent ounces in the first half of 2023;
– Cash cost per silver ounce sold of $19.34 in Q2 2023: $18.29 in the first half of 2023;
– AISC per silver ounce sold of $22.89 in Q2 2023: $21.80 in the first half of 2023;
– Revenue of $63,854,000 in Q2 2023: $129,232,000 in the first half of 2023;
– Adjusted EBITDA of $9,138,000 in Q2 2023: $21,740,000 in the first half of 2023.
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
– Releasing updated NI 43-101 technical reports for all of our producing assets (Bolivar, Porco, Caballo Blanco Group and Zimapan)
6 Months:
– Issue operational and production guidance for 2024
– Complete the integration ramp connecting Tres Amigos to Colquechaquita underground mines (part of the Caballo Blanco Group)
What are the top 3 key investor takeaways?
Santacruz is a multimillion-ounce silver and base metals producer that trades as a significant discount to most of our peers.
Santacruz is well positioned to take advantage of an increase in silver and other base metal prices.
We are still a relatively new multimillion ounce producer and going forward one of our top priorities is establishing a track record with the market.