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 > Silver

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Post by greendayyyyon Apr 26, 2023 8:49am

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Post# 35414118

Silver

Apart from silver with a production of 1,769,000 ounces the rest of the production is by-product Zinc, Lead and Copper. They are just about breaking even with the by-products. That's why Glencore has sold this project as virtually uneconomic. The production is there but the net profits are not.

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