Business
Santacruz Silver Produces 4,046,328 Silver Equivalent Ounces in Q2; Bolivian Operations Make Strong Contribution to Growth
Vancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Santacruz Silver Mining Ltd....
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"Santacruz Silver Produces 4,046,328 Silver Equivalent Ounces in Q2; Bolivian Operations Make Strong Contribution to GrowthVancouver, British Columbia--(Newsfile Corp. - July 20, 2022) - Santacruz Silver Mining Ltd. (TSXV: SCZ) (\"Santacruz\" or \"the Company\") reports production of 4,046,328 silver equivalent ounces from the Zimapan Mine in Mexico (\"the Mexican Operations\") and its Sinchi Wayra, Illapa and San Lucas companies (\"the Bolivian Operations\") which consists of a 45% interest in the Bolivar and Porco Mines, a 100% interest in the Tres Amigos, Reserva and Colquechaquita Mines (together \"the Caballo Blanco Mines\"), in addition to a 100% interest in the San Lucas ore sourcing and trading company.Consolidated Q2 2022 Highlights: Silver equivalent produced of 4,046,328 ounces (+190.8% vs Q1 2022 and +406.4% vs Q2 2021); Silver production of 1,410,485 ounces (+200.2% vs Q1 2022 and +328.2% vs Q2 2021); Zinc production of 20,928 tonnes (+230.9% vs Q1 2022 and +592. 2% vs Q2 2021); Lead production of 3,321 tonnes (+122.4% vs Q1 2022 and +327.0% vs Q2 2021); Copper production of 568 tonnes (+35.5 % vs Q1 2022 and +17.9% vs Q2 2021); Average head grade (silver equivalent) 333 g/t (+41.6 % vs Q1 2022 and + 73.6% vs Q2 2021).Carlos Silva, CEO of Santacruz, stated; \"The second quarter was the first full quarter of results from the recently acquired Bolivian Operations. At our Mexican Operations, commencing Q3 we expect to see increased production from new stopes and a reduction in lower grade mineralized material from development works, which should positively impact AISC at the Zimapan Mine. During Q2, a new automation processes on the primary crusher and milling circuit was completed in addition to installation and commissioning of a new zinc column flotation cell. As a result, we look forward to improved metallurgical recoveries.\"Mr. Silva continued; \"In regard to our Bolivian Operations, the transition process is proceeding smoothly and with a strong and committed management team. Our aim is to improve production and efficiencies across all mines, in addition to ensuring the strategic operation of the San Lucas ore sourcing and trading business.\" CONSOLIDATED (Mexican and Bolivian Operations*)Q2 2022Q1 2022Q2 2021Silver Equivalent Produced (ounces) (1)4,046,3281,391,590799,057Silver Production (ounces)1,410,485469,82...