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Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SZSMF

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 MacRellenon Dec 02, 2021 11:36am
121 Views
Post# 34190234

RE:RE:Financing

RE:RE:FinancingThey'll still have to come up with the $20M to be payed when the deal is closed, so that is the financing we are waiting for now.

As for the deferred 90M (to be paid by 4 yearly installments of 22.5M), hopefully that will be paid for by cash flow. It remains to be seen whether they will generate enough money through their operations, as it off course depends on metal prices. The NR states that a majority of the 90M will be paid for through cash flow from the Bolivian assets, not that they will be fully financed by cash flow. But hopefully Zimapan will also generate money that may go towards this aquisition.
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