Santacruz Silver Mining Ltd. · TSX:SCZ

Santacruz Silver Mining — Investor Presentation (April 2021)

18 slides from Santacruz Silver Mining's investor presentation, April 2021

  1. Slide 1: A Mexican Mid-tier Silver Producer

    TSXV: SCZ OTC: SZSMF FSE: 1SZ A Mexican Mid-tier Silver Producer SANTACRUZSILVER.COM APRIL 2021

  2. 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

  3. Slide 3: Growing production. Generating cashflow.

    Growing ► Multi-mine silver production in Mexico ► >70% production growth through 2021 production. ► Annual production of >4.5Moz AgEq at <US$16/oz AISC ► Numerous opportunities for production expansion ► Unrecognized exploration upside Generating ► Proven operational track record in Mexico cashflow

  4. Slide 4: Capital Structure

    Capital Structure Share Structure and Liquidity Trading Summary Share Price (as at April 13, 2021) C$0.37 $0.50 4,000,000 3,500,000 Basic Shares Outstanding 308.3M $0.40 Volume Close 3,000,000 Options 9.0M 2,500,000 Share Price ($C) Volume $0.30 2,000,000 Warrants 96.3M $0.20 1,500,000 FD Shares Out

  5. Slide 5: Management and Board of Directors

    Management and Board of Directors Arturo Préstamo Elizondo Independent Directors Executive Chairman and Interim CFO ► Over 10 years of executive & operational experience in the mining industry Roland Löhner ► Member of Mexico's Mining Chamber, and participates actively in different mining initiative

  6. Slide 6: Multi-Mine Silver Production in Mexico

    Multi-Mine Silver Production2 in Mexico 1 Zimapan Mine ► Located Hidalgo State ► Two high-grade UG mines ► 3,200 tpd processing plant ► Run-rate production of ~4M oz AgEq GULF OF MEXICO per year in 2021 2 ► 3.3 mil Ag equivalent oz production in 2020 2 Rosario Mine 1 ► Located in San Luis Potosi Sta

  7. Slide 7: Zimapan Mine: A Transformative Transaction

    Zimapan Mine A Transformative Transaction Carrizal mine portal entrance ► Binding term sheet with Minera Cedros, S.A. de C.V., (subsidiary of Industrias Peñoles) to acquire the Zimapan Mine for US$20M (plus US$3.2M in applicable VAT). Anticipated closing date of April 16, 2021. ► Zimapan was previou

  8. Slide 8: Zimapan Mine

    Zimapan Mine ► Property and Location ► 39 mining concessions covering 5,139 ha. Historical Payable Metal Production ► 7 km from Municipality of Zimapan in Hidalgo State, Mexico 5.9M tonnes mined from 2010 to 2020 ► Excellent infrastructure with paved and dirt roads, water and grid power. Silver Silv

  9. Slide 9: Zimapan Mine: Large, High-Grade Ag-Pb-Zn-Cu System

    Zimapan Mine Large, High-Grade Ag-Pb-Zn-Cu System Mineralized Zones - Carrizal Mine ► Carrizal mineral zones characterized as high temperature, chimney-style CRD Zn-Pb-Ag-Cu-Au deposits. ► El Monte comprised of dike contact skarns that Mineralized Zones - El Monte Mine formed within intrusives with

  10. Slide 10: Lomo del Toro: Unrecognized Exploration Opportunity

    Lomo del Toro Unrecognized Exploration Opportunity High Grade Areas to Unleash Value ► Historic production from Lomo del Toro ► High Grade (+400 g/t Ag, 5% Zn and 5% Pb) ► Calcite Carbonate Zone ► Target +2.4M Tonnes ► Drill Pads Ready for Phase I ► Drill campaign commencing late Q1 2021 Exploration

  11. Slide 11: Achieving High Standards in Responsible Mining

    Achieving High Standards in Responsible Mining 1st mine in North America to achieve IRMA Certificado De Industria Limpia standard for responsible mining Granted by Mexico´s Federal Attorney's Office for Environmental Protection (PROFEPA), which certifies the IRMA standard aims to increase trust, Inc

  12. Slide 12: Rosario Mine

    Rosario Mine ► Property and Location ► ~2,900 ha located in historical mining district of Charcas. ► Exclusive mining right from Grupo Mexico on the Membrillo Prospect (500 ha) located within Santacruz’s mining concessions (subject to 2.5% NSR). ► Excellent infrastructure with highway and dirt roads

  13. Slide 13: Rosario Mine: Development Continues to Progress

    Rosario Mine Development Continues to Progress ► Potential to quickly expand mining throughput by an additional +150 tpd. ► Developments is well advanced to access higher silver grade areas. ► Operating from two working faces, with two more expected by the end of Q3 2021. ► Diamond drilling has conf

  14. Slide 14: Rosario Mine: Significant Exploration Upside

    Rosario Mine Significant Exploration Upside ► Unexplored mineralized areas cover over 3,000 ha. ► +8 km long mineralized vein system. ► Multiple mining faces. ► 6,000 m of diamond drilling in 2019. Extensive Mineralized ► Drilling confirmed higher silver grades across the Vein System (m) Membrillo V

  15. Slide 15: Growing the Production Profile to 4.6 moz AgEq

    Growing the Production Profile to 4.6 moz AgEq 2020 to 2025E AgEq Production and AISC Forecast1 Zimapan Rosario AISC (US$/oz AgEq) 5500 ► Based on conservative internal models, combined 4,530 4,530 4,600 4,600 annual production forecast to remain above 4.5M oz 4,363 4500 $25 AgEq through at least 20

  16. Slide 16: Key Catalysts

    Key Catalysts ► Zimapan Mine: ► Definitive agreement signed and final closing of acquisition end April, 2021. Funding initiative completed. $14.1 million raise. ► Return operations to historical levels. ► Focus on unrecognized exploration opportunities – Lomo Del Toro. ► Rosario Mine: ► Increase mil

  17. Slide 17: Why Invest in Santacruz?

    Why Invest in Santacruz? Transformational, Substantial near- Proven track record Compelling value low-cost acquisition term production of building efficient and re-rating of a long-life, growth and and sustainable potential +4M oz AgEq/year cash flow mines in Mexico mine SANTACRUZSILVER.COM / TSXV:

  18. Slide 18: For more Information

    For more Information: INVESTOR RELATIONS Mars Investor Relations TSXV: SCZ SCZ@marsinvestorrelations.com 778-999-4653 OTC: SZSMF or info@santacruzsilver.com FSE: 1SZ SANTACRUZSILVER.COM

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