Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s): SCZMF

Metals & Mining Industrial Metals & Minerals

Santacruz Silver Mining Ltd. is a Canada-based company. It 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. Caballo Blanco mine consists of three separate mines and one process plant operating as one to produce Zinc and Lead concentrates. Porco mine is located in the Porco Municipality of the Antonio Quijarro Province, in the Potosi Department, Bolivia. Zimapan mine consist of 34 mining concessions covering an area of 5,139 hectares, including the prospective 337-hectare Santa Gorgonia one concession. It is seven kilometers from the municipality of Zimapan in Hidalgo State, Mexico.

TSXV:SCZ - Post by User

Santacruz Silver Mining Ltd

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Post by StocksLynxon Jan 01, 2019 2:57pm

199 Views

Post# 29174942

Any idea how SCZ can become profitable below $20 Ag?

Santacruz reported these cash costs per produced silver equivalents:

2017 Q3: 231 koz @ $23.65
2018 Q2: 174 koz @ $32.54
2018 Q3: 249 koz @ $27.40
https://www.santacruzsilver.com/i/pdf/nr/2018-11-30_NR_SCZ_V9ruJYQh.pdf

The insider buys are very encouraging, but I wonder how Santacruz can become profitable with silver price staying below $20 or how long they can burn cash while the silver price stays low.

Does anybody know how much debt is current and how much cash is left?

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