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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 TheCardinalon Mar 21, 2022 12:59pm
242 Views
Post# 34531766

RE:RE:SCZ closed the deal with no more financing required

RE:RE:SCZ closed the deal with no more financing required Any further financing need is unlikely, given what the passage of just this short amount of time did to reduce the "cash need"$8 million!  Unless they come across another deal such as this one.  
Silver has just been biding its time, doing a "warm-up" act.  By all indications, The Main Event is about to unfold.  Their biggest problem will soon be "Whom do we acquire next?" 

tarnoir wrote: Even if they do have to do a raise, at least it will be at much higher SP levels. Doing well so far today but need to see a good follow-through tomorrow and the next couple of days. I would think $0.75 - $1.00 not totally unreasonable.


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