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Santacruz Silver Mining Ltd V.SCZ

Alternate Symbol(s):  SCZMF

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

Comment by Ibuysilver4lesson Nov 30, 2020 10:07pm
100 Views
Post# 32006839

RE:RE:RE:RE:RE:About Bitcoin at $20,000...

RE:RE:RE:RE:RE:About Bitcoin at $20,000... Ahhh, All-In-Sustaining-Cost is the great fudge number of all time.  A high AISC means that they are spending a lot of money, but is that gas money and wages?  Or is that money spent on replacement equipment and infrastructure?  That's why you need to look beyond that AISC number.  They dumped all of their profit back into the company after many, many years of living lean.  Smart.  That means their future revenue will be there when prices are really high.  Your next question of sales price/oz is the second misleading number in mining.  Look deeper.  It's typically an aggregate of base metals, silver, and gold - all on an equivalence basis.  So, it's an averaged out number of many metals and many metals contracts.  Also remember that they sell their future production through delivery contracts made a month, or months, in advance of when they deliver it.  They don't always get the best price in a rising price environment.  In fact, they can't.  No one really can except JPM.  For SOME reason they ALWAYS get the best price.  Read between the lines.  Welcome to running a mining company.  In my opinion, this company is FINALLY being run correctly.  Many, many, many good moves over the past two years.
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