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Santacruz Silver production remains steady as company reports second-quarter financials
(NewsDirect) Santacruz Silver Mining executive chairman and interim CEO Arturo Elizondo j...
About this update from Santacruz Silver Mining Ltd.
[{"type":"text","content":"Santacruz Silver production remains steady as company reports second-quarter financials\n \n \n (NewsDirect)\n \n \n \n \n Santacruz Silver Mining executive chairman\nand interim CEO Arturo Elizondo joined Steve Darling from Proactive to\nshare significant financial updates.\n \n \n Elizondo announced the release of the company's\nsecond-quarter financial results, highlighting steady production\nfigures from operations in Bolivia and Mexico. The company achieved a\nnotable milestone by processing 443,969 tonnes of material during the\nquarter, marking an 8% increase from the first quarter.\n \n \n Moreover, for the first half of 2023,\nSantacruz Silver Mining successfully processed a total of 926,466\ntonnes.\n \n \n Elizondo provided further\ninsights into the company's production accomplishments, revealing\nthat it produced 5,569,535 silver-equivalent ounces during the\nquarter, and an impressive 11,213,918 silver-equivalent ounces in the\nfirst half of the year. This robust production output underlines\nSantacruz Silver Mining's operational prowess and its role as a\nkey player in the precious metals sector.\n \n \n The financial performance of the company is equally promising,\nwith second-quarter revenue amounting to $63,854,000, and $129,232,000\nfor the first half of 2023. Furthermore, Santacruz Silver Mining\nreported adjusted EBITDA of $9,138,000 for the quarter and $21,740,000\nfor the first half of the year.\n \n \n These financial indicators illustrate the company's\nstrategic approach to cost management, efficiency enhancement, and\nvalue generation.\n \n \n Elizondo's remarks underscore the\ncompany's ongoing efforts to optimize its assets, streamline\noperations, and drive cost reductions. By consistently pursuing\noperational excellence, Santacruz Silver Mining remains\nwell-positioned to capitalize on market opportunities and maintain its\nrole as a significant contributor to the precious metals industry.\n \n \n \n Contact Details\n \n \n \n Proactive Investors\n \n \n +1\n604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2642,"tagName":"div"}]