Business
Santacruz Silver production remains steady as company reports 3Q production results
(NewsDirect) Santacruz Silver Mining executive chairman and interim CEO Arturo Prestamo j...
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"Santacruz Silver production remains steady as company reports 3Q production results\n \n \n (NewsDirect)\n \n \n \n \n Santacruz Silver Mining executive chairman\nand interim CEO Arturo Prestamo joined Steve Darling from Proactive to\nprovide an exciting production update on the company's various\nmining operations.\n \n \n The focus was on\nthe Bolivar mine, Porco mine, Caballo Blanco Group of mines and the\nSan Lucas feed sourcing business in Bolivia, and the Zimapan mine\nlocated in Mexico.\n \n \n In his update,\nPrestamo revealed some impressive figures that underscore Santacruz\nSilver Mining's strong performance. At the Bolivar mine, a\nsubstantial 77,298 tonnes of mineralized material were processed in\nthe third quarter of 2023, resulting in the production of a remarkable\n1,343,000 silver equivalent ounces. These figures represent a\nsubstantial 16% increase in material processing and a substantial 40%\nincrease in silver equivalent ounces compared to the second quarter of\n2023.\n \n \n The Zimapan mine in Mexico\nrevealed equally impressive results. Mining crews at Zimapan processed\na significant 192,158 tonnes of mineralized material during the same\nperiod and achieved a production output of 1,183,606 silver equivalent\nounces. These figures reflect a notable 12% increase in material\nprocessing and a substantial 35% increase in silver equivalent ounces\nwhen compared to the second quarter of 2023.\n \n \n One remarkable highlight of Santacruz\nSilver Mining's performance is the company's cumulative\nproduction for the year. So far in 2023, the company has successfully\nproduced nearly 17 million silver equivalent ounces, including a\nsubstantial milestone of just over 5 million ounces of silver.\n \n \n Additionally, Prestamo highlighted the\nsignificant progress of the integration ramp that connects the Tres\nAmigos and Colquechaquita mines at the Caballo Blanco Group of mines.\nThis project is advancing impressively and is now at a remarkable 73%\ncompletion rate, signaling the company's commitment to optimizing\nand expanding its mining operations.\n \n \n Prestamo emphasized that the company is continuously reviewing\nand streamlining its operations. The objective is to achieve greater\nefficiencies and cost reductions, ensuring that Santacruz Silver\nMining remains a competitive and sustainable player in the...