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Bullboard - Stock Discussion Forum 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... see more

TSXV:SCZ - Post Discussion

Santacruz Silver Mining Ltd > A Zimapan Reminder: What SCZ Bought With Cash Raise Today
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Post by Blazesb on Mar 05, 2021 12:43am

A Zimapan Reminder: What SCZ Bought With Cash Raise Today

From MD&A: Zimapan mill facility (the “Zimapan Mill”) which is a 75,000 dry metric tonnes (DMT) per month facility 
with zinc, lead and copper circuits. Over the past five years the Zimapan Mill has produced an annual 
average of 12,400 tonnes of zinc, 3,300 tonnes of lead, 1,850 tonnes of copper and 1,290,000 ounces of 
silver from an average annual throughput of 700,000 tonnes of mineralized material generating an average 
of 4,681,000 ounces silver equivalent* (source: Carrizal mine production records).
Comment by MacRellen on Mar 05, 2021 4:16am
That's a nice reminder. And they got it at a really good price (US$4.96/oz AgEq of average annual production. The market cap of SCZ after this latest PP will be CAD 90M at a share price of 0.30. I think people will be hard pressed to find a silver miner with a lower market cap compared to annual production. SCZ is set to produce 4.5M oz AgEq per year going forward (1.5M oz Ag, and 3.0M oz ...more  
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