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Santacruz Silver Mining Ltd SZSMF


Primary Symbol: V.SCZ

Santacruz Silver Mining Ltd. is a Canada-based company, which 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. Bolivar Mine is located in the state of Oruro in Bolivia, and municipality of Antequera. Paved roads connect Bolivar to the capital city La Paz (298 kilometers), Oruro City (75 kilometers) and Poopo Rail Station (22 kilometers), which is the concentrate warehouse and dispatch. The Caballo Blanco project consists of three separate mines and one process plant operating as one to produce Zinc and Lead concentrates. The mine is 34 mining concessions covering an area of 5,139 hectares, including the highly prospective 337-hectare Santa Gorgonia 1 concession.


TSXV:SCZ - Post by User

Comment by greendayyyyon Apr 20, 2024 9:02am
211 Views
Post# 35999415

RE:RE:Management

RE:RE:ManagementI also believe that the acquisition with Glencore is a plus for SCZ. Yes, debt is a weak point, and on top of that they have around 330 million shares on the market. On the positive side, they've improved production, but the all-in sustaining cost is still high. If silver can reach $35 and Zinc continues its run, and they can lower their production costs, the valuation will rise sharply and the share price could explode. We'll see how the markets react in a few weeks' time.
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