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Bullboard - Stock Discussion Forum Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SZSMF

Metals & Mining Industrial Metals & Minerals
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... see more

TSXV:SCZ - Post Discussion

Santacruz Silver Mining Ltd > What Glencore calls the mines doesn't matter
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Post by CountOfMeltedCrisco on Oct 14, 2021 4:35pm

What Glencore calls the mines doesn't matter

Santacruz has bought them for their silver... and from the information in the PR 

https://santacruzsilver.com/news/santacruz-to-acquire-glencores-producing-silver-mines-in-bolivia-creating-a-new-significant-latin-american-based-silver-producer/
( see "Overview of the Assets" section ) 

there's a lot of silver.  Glencore would have been running their circuits to maximise the lead / zinc because that's what they wanted.   Santacruz will re-adjust the circuits to maximise silver recovery. 

it will take something totally-unexpected for this to not work out well for Santacruz.
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