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Santacruz Silver Announces the Production of 5,644,383 Silver Equivalent Ounces in the First Quarter of 2023
Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Santacruz Silver Mining Ltd. (T...
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"Santacruz Silver Announces the Production of 5,644,383 Silver Equivalent Ounces in the First Quarter of 2023Vancouver, British Columbia--(Newsfile Corp. - April 26, 2023) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (\"Santacruz\" or \"the Company\") produced 5,644,383 silver equivalent ounces from its Bolivar, Porco, and Caballo Blanco Group of Mines and the San Lucas Ore Sourcing and Trading company (\"the Bolivian Operations\") and the Zimapan Mine in Mexico (\"the Mexican Operations\") in the first quarter of 2023. Production results from Bolivar and Porco are reported at a 100%, while the Company has a 45% net profit interest in these mines. The Caballo Blanco Group of Mines consists of the Tres Amigos, Reserva and Colquechaquita mines. Consolidated First Quarter 2023 Production Highlights: Silver equivalent production of 5,644,383 ounces; Silver produced 1,769,519 ounces; Zinc produced 22,463 tonnes; Lead produced 3,044 tonnes; Copper produced 415 tonnes.Carlos Silva, Santacruz's CEO stated, \"We started the year with solid production from all of our assets and are committed to improving operational efficiencies at all our mines, the San Lucas trading company and supporting areas. We are also working closely with JDS Engineering & Mining to complete NI 43-101 compliant Resource and Reserve Estimates for all our producing mines in Mexico and Bolivia, which will provide us with additional life of mine planning information. These reports are expected to be released during the third quarter of this year.\" Production Details TableQ1 2023Q12022Y/YChangeQ4 2022Q/QChangeMaterial Processed (tonnes milled)482,498227,570112%482,626(0)%Silver equivalent production (oz)5,644,3831,613,720250%5,744,128(2)%Silver production (oz)1,769,519469,829177%1,793,936(1)%Lead production (tonnes)3,0441,343127%2,9005%Zinc production (tonnes)22,4636,158265%23,111(3)%Copper production (tonnes)415208100%3868%Average Head Grade (g/t Ag Eqv.)42129145%445(5)%Development (metres)11,2953,572216%10,6536% *Note: On March 18, 2022 the Company closed the acquisition of all Bolivian assets from Glencore and the results of the Bolivian Operations are included in the consolidated results of the Company from that date.Silver equivalent ounces, which are provided to assist the reader, are based on the following commodity price assumptions Ag $21.86/oz, Pb $0.9...