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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

Post by Betteryear2on Jul 29, 2021 7:52am
195 Views
Post# 33619869

Q2 2021 Production of 799,057 Silver Equivalent Ounces

Q2 2021 Production of 799,057 Silver Equivalent Ounces

Vancouver, British Columbia--(Newsfile Corp. - July 29, 2021) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (the "Company" or "Santacruz") reports its operating results for the second quarter 2021 ("Q2") from the Zimapan Mine located in Zimapan, Hidalgo, Mexico and the Rosario Project located in Charcas, San Luis Potosi, Mexico.

Production Highlights:

  • 13.0% increase in silver equivalent production to 799,057 AgEq ounces as compared to Q1 2021
  • Zimapan tonnage through-put from Lomo del Toro increase to 12,000/month from 6,000/month when compared to Q1 2021
  • Zimapan average head grades increased from 182 g/t Ag Eq in Q1 2021 to 202 g/t Ag Eq in Q2 2021

Carlos Silva, Santacruz's CEO, stated, "At Zimapan we continue to execute on our strategy of increasing the tonnage mined from the Lomo del Toro mineralized zone and we are now starting to see the benefits of blending this mineralized material with that from the Carrizal and Monte mines. We have also completed adjustments to the milling facility which have improved the operation of the crushing and filtration circuits." Mr. Silva added; "While Zimapan is making very positive progress, Rosario continues to present challenges due to the combination of poor rock conditions and a narrow vein system. As a result, we are actively reviewing our strategy for Rosario."

https://www.newsfilecorp.com/release/91466/Santacruz-Silver-Reports-Q2-2021-Production-of-799057-Silver-Equivalent-Ounces

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