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.

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Santacruz Silver Mining Ltd

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Post by Blazesbon Dec 18, 2020 3:06pm

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Post# 32141860

More Kereport

I frequently repost here Excelsior's posts at the Kereport. They are always worthwhile. Interestingly what i saw recently as a weakness--the failure to complete the Zimapan purchase--he saw as a strength. If the market response is anything to go by he is right. See below:

- - - - On December 17, 2020 at 10:56 pm,
        Excelsior says:
        
        Another Silver stock that has been on the move and grown into one of my largest positions lately is Santacruz Silver. I believe it is just starting to stretch it’s legs here, and the recent news on extending the mine lease at Zimapan was quite constructive to the longer term picture.
        
        _______________________________________________________________
        
        (SCZ) (SZSMF) Santacruz Silver Reaches Agreement to Extend Zimapan Mine Lease and Updates Status of Zimapan Mine Acquisition
        
        15 Dec 2020
        
        https://ceo.ca/@newsfile/santacruz-silver-reaches-agreement-to-extend-zimapan
      - On December 18, 2020 at 6:54 am,
        Tracy says:
        
        Ex, I’m glad you like Santacruz Silver Mining, that makes a few of us here and if we could get Eric Sprott on board it would be like The Marx Bros. in “A Day At The Races.”
      - On December 18, 2020 at 11:50 am,
        Excelsior says:
        
        Yes DT, good plan on getting Eric Sprott on board. Santacruz is one of the few small Silver producers he isn’t involved with, but personally I see their market cap being able to grow more (on a percentage basis) than most of the more established producers, and have been a fan for some time. Last year when the metals started to really surge in 2019, Santacruz shot up 250-300% at one point, outperforming the rest of it’s producing peers, but I feel the real fireworks are in front of us for the next 2 years in 2021/2022 when they have all 3 of their mines firing on all cylinders, after having spent the last few years selling off non-core assets to reduce debt, improving the mining sequence, and optimizing the processing to bring down costs. It is a Silver stock I am very comfortable holding throughout the PM bull market for sure.
        
        Bring on the “Day at the Races…” haha!