Santacruz Silver Mining Ltd. · TSX:SCZ
Santacruz Silver Mining — Investor Presentation (February 2025)
27 slides from Santacruz Silver Mining's investor presentation, February 2025
Slide 1: Corporate Presentation
CORPORATE PRESENTATION A Multi-Asset & Multi-Metal Mining Company in Latin America FEBRUARY 2025 TSX.V:SCZ | OTCQB:SCZMF | FSE:1SZ
Slide 2: Disclaimer
Disclaimer Important Cautionary Notes The information provided in this presentation is not intended to be a comprehensive review of all matters and developments concerning Santacruz Silver Mining Ltd. (the “Company”). It should be read in conjunction with all other disclosure documents of the Compan
Slide 3: Roadmap to Growth & Success
Roadmap to Growth & Success Santacruz Has Transformed Into a Profitable, Scalable Mid-Tier Mining Company Commitment to Delivering Long-Term Value to Investors Through: 2025 • Disciplined Financial Management • Operational Efficiency • A Well-Structured Growth Strategy Production Breakthrough in Mex
Slide 4: Multi-Asset, Multi-Metal Project Portfolio
Multi-Asset, Multi-Metal Project Portfolio 2 Countries, 6 Producing Mines, 1 Feed Souring Company & 1 Exploration Asset MEXICO BOLIVIA PRODUCING Bolivar Mine Ownership: 45%2 FY 2024 Production: 4.11M AgEq Oz.1 FEED SOURCING San Lucas PRODUCING Porco Mine Ownership: 45%2 PRODUCING PRODUCING PRODUCING
Slide 5: A Growing Silver and Base Metals Producer
A Growing Silver and Base Metals Producer Increased Throughput, Optimized Recoveries, & Maximized Efficiency and Resource Use FY 2024 Consolidated Production Summary FY 2024 AgEq Production by Source Silver Equivalent 18,651,700 ounces2 Silver Zinc 6,718,381 94,400 ounces tonnes 4.11M 4.64M 4.35M 3.
Slide 6: Bolivar Mine
Bolivar Mine Location Type of Mine Milling Facility Capacity State of Oruro, Bolivia Underground vein system 1,100 tonne per day Head Grades History Life of Mine (LOM) Ag - 218 g/t; Zn - 7.48%; +200 years of NI - 43-101: 4.2 years3 Pb - 0.64% Continuous mining AgEq Revenues by Metal* Quarterly 1.034
Slide 7: Porco Mine
Porco Mine Location Type of Mine Milling Facility Capacity Antonio Quijarro Underground vein system 1,200 tonne per day province, State of Potosí, Bolivia Head Grades History Life of Mine (LOM) Ag - 117 g/t; Zn - 6.28%; +500 years of continuous NI - 43-101: 4.2 years3 Pb - 0.51% mining AgEq Revenues
Slide 8: Caballo Blanco Group of Mines
Caballo Blanco Group of Mines Location Type of Mine Milling Facility Capacity State of Potosi, Bolivia Underground vein system 1,300 tonne per day Head Grades History Life of Mine (LOM) Ag - 153 g/t; Zn - 7.30%; 20 years of continuous NI - 43-1012: Pb - 1.11% operation • Tres amigos - 6.1 years • Co
Slide 9: San Lucas Feed Sourcing
San Lucas Feed Sourcing Supply agreements with regional feed suppliers Sourcing Regional Mineralized Material and Processing at Bolivar, Porco, and Don Diego plants1 Operations Role San Lucas purchases feed Local regional suppliers across Provides fair, transparent Bolivia and the Reserva Mine proce
Slide 10: Zimapan Mine
Zimapan Mine Location Hidalgo state, Mexico Mineralized System Skarn ore bodies (20m wide, up to 200m long), massive sulfides, strataform sulfide replacements Milling Facility Capacity Head Grades 3,200 tonne per day Ag - 82 g/t; Zn - 2.46%; Pb - 0.75%; Co - 0.29% History Infrastructure Operated by
Slide 11: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights1 $78.2 million $29.86 in Revenue Avg. Realized Silver Price (oz sold)3,4 $15.8 million $22.38 In EBITDA Cash Costs (oz sold)3 $21.3 million $27.40 In Operating Cash Flow AISC (oz sold)3 $18.2 million In Cash and Cash Equivalents 1. Amounts are expressed in USD. 1. Silver
Slide 12: Financial Strength Evolution
Financial Strength Evolution1 2022 2023 Q3 2024 Current Liabilities Current Assets $110.830K $135.021K Total Liabilities Current Liabilities Current Assets $228.999K Current Assets $138.970K $108.809K Current Liabilities $145.501K $151.977K Non-Current Total Assets Total Assets Liabilities $337.520K
Slide 13: Bolivian Asset Acquisition
Bolivian Asset Acquisition Asset Scaling & Diversifying via Glencore Acquisition Acquisition A Game-Changer 2023 Q1 2022 Integration Q4 2024 Acquired Success & Renegotiation Assets2 Production of SPA terms1 Ramp-Up Terms Before SPA Renegotiation3 New Terms After SPA Renegotiation3 Cash Consideration
Slide 14: Capitalization Overview
Capitalization Overview $0.5 0 12,000,000 Share Ownership $0.45 10,000,000 $0.40 $0.35 Institutional 8,000,000 $0.30 Funds 5% $0.25 6,000,000 $0.20 SILJ ETF 4,000,000 2% $0.15 $0.10 2,000,000 Management $0.05 & Insiders $0.00 0 9% 02-13-2024 03-13-2024 04-13-2024 05-13-2024 06-13-2024 07-13-2024 08-
Slide 15: Experienced Management Team and Board
Experienced Management Team and Board With Extensive Underground Mining Experience Arturo Préstamo Elizondo Andres Bedregal Roland Löhner Executive Chairman and CEO Interim CFO Director Mr. Préstamo Elizondo holds a C.P.A. from the University Mr. Bedregal is an expert in financial planning and Mr. L
Slide 16: Sustainable Development in Bolivia
Sustainable Development in Bolivia Making An Impact in the Communities Where We Operate U$3.2M1 Direct Contributions (2024): Actively shaping the future of Bolivian communities UN SDGs Integration: Aligning corporate strategies with global sustainability goals Promoting Economic Growth: Focused on c
Slide 17: The New Santacruz Silver
The New Santacruz Silver Multi-metal, multi-asset mining company operating in two countries (Mexico and Bolivia) High-quality silver and zinc reserves with 18.7 million silver equivalent ounces produced in FY 20241 VANCOUVER Corporate Office Strong financial position with $21.3 million OCF and growi
Slide 18: Contact Information
TSX.V:SCZ OTCQB:SCZMF FSE:1SZ CONTACT INFORMATION Arturo Préstamo Elizondo Executive Chairman and CEO info@santacruzsilver.com +52 81 83 785707
Slide 19: Appendix
APPENDIX TSX.V:SCZ | OTCQB:SCZMF | FSE:1SZ
Slide 20: Santacruz Asset Structure
Santacruz Asset Structure Santacruz Silver Mining Ltd. Bolivia Mexico Bolivar Porco Caballo Blanco San Lucas Zimapan Mine Mine1 Mine1 Group of Mines Feed Sourcing Tres CQCQT Reserva San Lucas Amigos Mine Mine Trading Bolivar Porco Don Diego Lab & Mill2 Mill2 Mill2 Warehouse Soracaya Asset Power 1. U
Slide 21: Soracaya Exploration Asset, Bolivia
Soracaya Exploration Asset, Bolivia Initial Inferred Resource Suggests High-Quality Silver Project Known Mineralized Structure at 8,325 ha Mineral Resources1 Grade Contained Metal San Vicente Tonnes (kt) Ag (g/t) Zn (%) Pb (%) Ag (koz) Zn (kt) Pb (kt) Mine Inferred 4,137 260 1.23 7.23 34,550 50.9 29
Slide 22: Bolivian Mineral Reserves and Mineral Resources Estimates
Bolivian Mineral Reserves and Mineral Resources Estimates 1 Mineral Resources & Reserves2 Grade Contained Metal Tonnes (kt) Ag (g/t) Zn (%) Pb (%) AgEq (g/t) Ag (koz) Zn (kt) Pb (kt) AgEq (koz) Measure 855 327 12.78 1.37 915 9,003 109.3 11.7 63,132 Indicated 677 295 12.24 1.25 836 6,426 82.9 8.4 38,
Slide 23: Bolivian Mineral Reserves and Mineral Resources Estimates (Continued)
Bolivian Mineral Reserves and Mineral Resources Estimates (Continued) 1 Bolivar Mine Mineral Resources & Reserves1 Grade Contained Metal Million Tonnes Ag (g/t) Zn(%) Pb(%) Ag (koz) Zn (kt) Pb (kt) M&I 1.5 313 12.54 1.32 15,429 192.2 20.2 Inferred 4.2 403 10.35 1.00 54,436 434.8 41.9 Proven & Probab
Slide 24: Bolivian Mineral Reserves and Mineral Resources Estimates (Continued)
Bolivian Mineral Reserves and Mineral Resources Estimates (Continued) 1 Caballo Blanco Group of Mines Mineral Resources & Reserves1 Grade Contained Metal Million Ag (g/t) Zn(%) Pb(%) Ag (koz) Zn (kt) Pb (kt) Tonnes M&I 1.2 300 15.29 2.96 11,824 187.6 36.4 Inferred 2.2 199 13.28 2.12 14,183 294.4 47.
Slide 25: Notes to Mineral Resources and Reserves
Notes to Mineral Resources and Reserves Mineral Resources and Reserves are stated for the first time under NI 43-101 standards of disclosure and verified by third Party 3. Bolivar and Porco Mines are part of the Illapa Joint Operation with COMIBOL. Bolivar and Porco are presented at 100% Qualified P
Slide 26: Q3 2024 Snapshot
Q3 2024 Snapshot1 Q3 2024 Q2 2024 Change Q3 vs Q2 Q3 2023 Change Q3 vs Q3 2024-YTD 2023-YTD Change ‘24 vs ‘23 Operational Overview Tonnes milled kt 491,260 500,755 (2%) 467,563 5% 1,462,359 1,394,029 5% AgEq produced koz 4,644,013 4,819,552 (4%) 4,695,999 (1%) 13,941,687 14,023,809 (1%) AgEq payable
Slide 27: Quality Assurance/Quality Control and Data Verification
Quality Assurance/Quality Control and Data Verification Mineral Resources for the Bolivia operations (Bolivar mine, Porco mine, Caballo Blanco Group of mines) were previously performed by local Bolivian staff supported by Glencore. Currently, the same local technical resources are employed by Santac
Santacruz Silver Mining — Investor Presentation (February 2025) on 6ix