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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 stanjson Mar 09, 2021 8:53am
159 Views
Post# 32750863

RE:RE:RE:RE:DILUTION 80 MIILION SHARES(WITH WARRANT)

RE:RE:RE:RE:DILUTION 80 MIILION SHARES(WITH WARRANT)I thought the share issuance is accretive in value. SCZ does not own Zimapan. So if they borrowed money and issued shares to buy Zimapan & also to pay to accelerate drilling that will lead to high grade ore discovery, I think it is a good compromise between dilution and value creation. Once they release more good drill results and higher production numbers for 2021, these news are excellent catalysts for share value that coincide with the coming silver commodity boom. 
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