Santacruz Silver Mining Ltd. reports on operating and financial results of the Zimapan Mine in Zimapan Hidalgo Mexico and the Rosario Project in San Luis Potosi, Mexico for the third quarter of 2020. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All amounts are in thousands [...]
Santacruz Silver Mining Ltd. is pleased to announce that total consolidated production for the month of October of 2020 reached 394,160 silver equivalent ounces at the Zimapan Mine and Rosario Mine in Mexico. Mr. Carlos Silva, CEO, stated: "After recently closing our private placement and securing new underground equipment, our mines immediately saw efficiency and production improvements which are reflected in the monthly [...]
Santacruz Silver Mining Ltd. is pleased to announce that total production in the third quarter of 2020 reached 977,679 silver equivalent ounces , representing a 38% increase from Q2 2020 as operations returned to normal. During Q2 2020, Mexico's Ministry of Health issued a federal decree requiring all non-essential businesses, including mining, to temporarily suspend activities for 42 days in response to the global [...]
Santacruz Silver Mining Ltd. is pleased to announce that its wholly owned subsidiary Carrizal Mining has been recognized by the Initiative for Responsible Mining Assurance for Transparency after an audit for compliance against the IRMA Standard for Responsible Mining. Transparency is the first of four levels of IRMA's social and environmental performance system. The audit has determined that the internal administrative [...]
Santacruz Silver Mining Ltd. is pleased to announce that it has closed the second and final tranche of its non-brokered private placement offering previously announced on September 21st, and upsized on September 30th and October 7th 2020 of units of the Company with a lead order from Palisades Goldcorp Ltd. The Company issued an aggregate of 10,748,922 Units at a price of $0.22 per Unit for gross proceeds of $2,364,762.84 [...]
Santacruz Silver Mining Ltd. is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement offering of units of the Company with a lead order from Palisades Goldcorp Ltd. The Company issued an aggregate of 34,678,541 Units at a price of $0.22 per Unit for gross proceeds of $7,629,279.02. Each Unit consists of one common share of the Company and one non-transferable [...]
Santacruz Silver Mining Ltd. is pleased to announce that due to strong investor demand it has increased the size of its previously announced non-brokered private placement offering of units of the Company to CDN$9.5 million . The Private Placement will consist of up to 43,181,818 units at a purchase price of C$0.22 per Unit, for gross proceeds to the Company of up to C$9,500,000. Each Unit will consist of one common share [...]
Santacruz Silver Mining Ltd. is pleased to announce a non-brokered private placement for up to 27,272,727 units at a purchase price of C$0.22 per Unit, for gross proceeds to the Company of up to C$6,000,000 with a lead order from Palisades Goldcorp Ltd. for C$3,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder to acquire one [...]
Santacruz Silver Mining Ltd. reports on the operating and financial results Zimapan Mine in Zimapan Hidalgo Mexico and the Rosario Project in San Luis Potosi, Mexico for the second quarter of 2020. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All amounts are in thousands of [...]
Santacruz Silver Mining Ltd. announces that it is filing on SEDAR today an independent NI 43-101 Technical Report titled "Technical Report Zimapan Property Hidalgo Mexico" . The Report, which was prepared as part of the filings required by the TSX Venture Exchange in connection with the planned acquisition by the Company of the Zimapan property , provides a project description of the Zimapan property located in Hidalgo [...]
Santacruz Silver Mining Ltd. reports production in the second quarter of 2020 was 709,765 silver equivalent ounces, representing a 105% increase compared with Q2 2019 and a 27% decrease compared to Q1 2020. Both Q2 2020 and Q1 2020 production results include 100% of the Zimapan Mine's quarterly production whereas the Q2 2019 results do not include any production from the Zimapan Mine given Santacruz acquired its initial [...]
Santacruz Silver Mining Ltd. through its wholly owned subsidiary, Carrizal Mining, S.A. de C.V. , has entered into a legally binding term sheet with Minera Cedros, S.A. de C.V. , a wholly owned subsidiary of IndustriasPeñoles, S.A.B. de C.V. to acquire the Zimapan property and related assets located in Zimapan, Hidalgo State, Mexico for total consideration of US$20 million . The Zimapan Mine is currently under lease by [...]