Santacruz Silver Mining Ltd. reports that its Mexican subsidiary, Carrizal Mining, S.A de C.V. , has acquired by staking the La Pechuga property located adjacent to the Zimapan Mine at Zimapan, Hidalgo, Mexico. The Property is comprised of one mining concession that covers a land area of approximately 3,025 hectares and is located 25 kilometers southeast of the Zimapan Mine. It contains several historic mines with [...]
Santacruz Silver Mining Ltd. reports on the operating and financial results from its Mexican mining operations for the third quarter of 2019. 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 US dollars unless otherwise indicated. Q3 2019 [...]
Santacruz Silver Mining Ltd. reports that the Company's total production in the third quarter of 2019 reached 956,482 silver equivalent ounces, representing a 176% increase compared with Q2 2019 and a 381% increase compared to Q3 2018. The Q3 2019 production figure includes only 50% of the Zimapan mine's quarterly production as Santacruz did not complete the acquisition of the final 50% of PCG Mining, S.A. de C.V. until [...]
Santacruz Silver Mining Ltd. reports that its 100% owned subsidiary company, Carrizal Mining, S.A. de C.V. has agreed with Minera Cedros, S.A. de C.V. , a wholly-owned subsidiary of Grupo Peñoles, S.A.B. de C.V., to extend the expiry date of the current Zimapan Mine lease agreement from December 31, 2019 to December 31, 2020. Arturo Prestamo, Santacruz's CEO stated, "We are pleased that Minera Cedros has agreed to [...]
Santacruz Silver Mining Ltd. reports that effective October 16, 2019, Carlos Alberto Silva Ramos has been appointed a director of the Company. Mr. Silva is currently the Chief Operating Officer of the Company and together with his family holds a significant ownership position in Santacruz as a result of the completion of the acquisition by the Company of the remaining 50% of PCG Mining Ltd., the parent holding company of [...]
Santacruz Silver Mining Ltd. reports that effective October 4, 2019, the Company, having received requisite shareholder and stock exchange approvals, has acquired the remaining 50% of the outstanding shares of PCG Mining, S.A. de C.V. from a non-arm's length party in consideration for the issue of 30,000,000 common shares of the Company , resulting in the Company owning 100% of PCG, which is the parent holding company of [...]
Santacruz Silver Mining Ltd. reports that at the Annual General Meeting of shareholders of the Company held on October 1, 2019, a total of 59,922,159 common shares of the Company, representing approximately 34.3% of the Company's issued and outstanding common shares, were voted. Shareholders approved all matters brought before the meeting, including the re-election of the incumbent directors, the re-appointment of [...]
Santacruz Silver Mining Ltd. reports on the operating and financial results from the Veta Grande Project in Zacatecas, Mexico and the Rosario Project in San Luis Potosi, Mexico for the second quarter of 2019. 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 [...]
Santacruz Silver Mining Ltd. reports that it is today filing on www.SEDAR.com a technical report titled "Technical Report, Veta Grande Project, Zacatecas State, Mexico" dated effective August 20, 2019 containing an updated mineral resource estimate, under National Instrument 43-101 Standards of Disclosure for Mineral Projects . The Technical Report supersedes all previous technical reports prepared for the Company [...]
Santacruz Silver Mining Ltd. reports that its 50% owned subsidiary company, Carrizal Mining, S.A. de C.V. has entered into an agreement with Minera Cedros, S.A. de C.V. , a wholly-own subsidiary of Grupo Peñoles, S.A.B. de C.V., to extend the expiry date of the current Zimapan Mine lease agreement from July 31, 2019 to December 31, 2019. Arturo Prestamo, Santacruz's CEO stated, "We are pleased that Mineral Cedros [...]
Santacruz Silver Mining Ltd. wishes to clarify a statement made in its press release of August 6, 2019 in which it announced the granting of stock options. The "About Santacruz Silver Mining Ltd." section of the August 6th news release stated that "…The Company also indirectly owns 50% of the Zimapan silver-zinc mine." The Company wishes to clarify that the Company does not have any indirect ownership interest in [...]
Santacruz Silver Mining Ltd. announces that it has granted a total of 8,500,000 stock options to its directors, officers, employees, consultants and advisors. The stock options, which are subject to the terms and conditions of the Company's stock option plan, have a five-year term, are exercisable at $0.18 per share and subject to certain vesting requirements. About Santacruz Silver Mining Ltd. Santacruz is a Mexican [...]
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