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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 > Halt
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Comment by jcw604on Nov 16, 2021 6:09pm
111 Views
Post# 34134048

RE:RE:RE:RE:RE:Halt

RE:RE:RE:RE:RE:Halt
CountOfMeltedCrisco wrote: Tell all of us how one does "paperwork" on a property they hadn't yet bought and thus hadn't gotten the technical details from Glencore? 

Blazesb wrote:   Paperwork that should have been done before deal was announced.

. 




They are producing mines without an up-to-date ni43-101. It doesn't mean that you cannot sell them, or buy them simply based on the historical track records. The tsx rule requires those documents to be available before the unhalting of the stock to protect the investors. I think SCZ's move is risky, because those mine could be close to their end of life and the historical track record maybe be good indication for future production numbers. However, in order to be profitable in a transaction, they must take some risk, including the backing out fee of 2m. Yet, that is most they can lose.
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