Santacruz Silver Mining Ltd. · TSX:SCZ

Santacruz Silver Mining — Investor Presentation (September 2020)

17 slides from Santacruz Silver Mining's investor presentation, September 2020

  1. Slide 1: “Moving Forward”

    “Moving Forward” September 2020 TSXV: SCZ FSE: 1SZ

  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: Poised for Significant Growth

    Poised for Significant Growth Transformative Acquisition of the Low- Cost Zimapan Mine Multi-mine silver producer in >70% silver eq. production Mexico growth through 2021  Simplifies ownership structure  Long-life, +4M oz AgEq per year mining operation with AISC of <US$16/oz AgEq Annual production

  4. Slide 4: Multi-Mine Mexican Silver Production

    Multi-Mine 2 ROSARIO MINE Mexican Silver San Luis Potosi State, Mexico • Operating at 280 tpd, increasing to 400 tpd by Production Q3 • 500 tPD plant capacity • Targeting >650K oz AgEq production per year • Currently producing from two high-grade underground mining operations • Mines were producing

  5. Slide 5: Capital Markets Profile

    Capital Markets Profile Capital Structure Share Price and Volume on the TSXV (Last 12 Months) Tickers TSX-V:SCZ, OTC:SZSMF, FSE:1SZ $0.40 3.0 Share Price (September 14, 2020) C$0.28 $0.35 2.5 $0.30 Basic Shares Outstanding 211.7M 2.0 Volume (millions) Share Price (C$) $0.25 Options 10.7M $0.20 1.5 W

  6. Slide 6: Management & Directors

    Management & Directors Arturo Préstamo Elizondo │ Executive Chairman and Interim CFO Roland Löhner │ Independent Director • Over 10 years of executive & operational experience in the mining industry • For the previous 20 years, was a Senior Partner and Managing Director of The Boston Consulting Grou

  7. Slide 7: Transformative Transaction

    Transformative Transaction • Binding term sheet with Minera Cedros, S.A. de C.V., (subsidiary of Industrias Peñoles) to acquire Carrizal mine portal entrance the Zimapan mining operations for US$20M (plus US$3.2M in applicable VAT) ‒ Zimapan is currently under lease by the Company’s wholly-owned sub

  8. Slide 8: Impressive Growth Profile

    Impressive Growth Profile • We expect both the Zimapan and Rosario mines to 2019A to 2025E Silver Equivalent Production and AISC Forecast1 return to historical (Q4 2019) production levels by the 6,000 Silver Equivalent Production (000 oz AgEq) $25 end of Q3 2020 Zimapan Rosario Veta Grande AISC (US$

  9. Slide 9: Overview of the Zimapan Mine

    Overview of the Zimapan Mine Property and • 39 mining concessions covering 5,139 ha Location • 7 km from the municipality of Zimapan in Hidalgo State, Mexico • Excellent infrastructure with access via paved and dirt roads, water and grid power History • Zimapan mining district was discovered by Span

  10. Slide 10: Achieving High Standards of Responsible Mining

    Achieving High Standards of Responsible Mining IRMA Standard is based on 4 Principles  Business Integrity  Planning for Positive Legacies  Social Responsibility  Environmental Responsibility First mine in North America to achieve IRMA standard for responsible mining Certificado De Industria Limp

  11. Slide 11: Large, High-Grade Ag-Pb-Zn-Cu System

    Large, High-Grade Ag- Mineralized zones at the Carrizal mine Mineralized zones at the El Monte mine Pb-Zn-Cu System • Carrizal mineral zones are characterized as high temperature, chimney-style carbonate-replacement Zn-Pb- Ag-Cu-Au (“CRD”) deposits ‒ Ideal structure for high volume, low-cost undergr

  12. Slide 12: Overview of the Rosario Mine

    Overview of the Rosario Mine Property and • ~2,900 ha property located in historical mining district of Charcas, ~180 km Location north of the city of San Luis Potosi • Exclusive mining right from Grupo Mexico to the Membrillo Prospect (500 ha property) located within Santacruz’s mining concessions

  13. Slide 13: Significant Exploration Upside at Rosario

    Significant Exploration Upside at Rosario • Unexplored mineralized areas covering over 3,000 ha • +8 km long mineralized vein system • Multiple mining faces • Recent drilling has confirmed higher silver grades across the Membrillo Vein • Planned 35,000 m diamond drill program to substantially increa

  14. Slide 14: Rosario Mine Development is Well Progressed

    Rosario Mine Development is Well Progressed • 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 Q4 2020 • Diamond drilling has confirmed improving g

  15. Slide 15: Improving Operating Performance

    Improving Operating Performance • Production for H1 2020 at the Zimapan Mine were impacted by Quarterly Silver Equivalent Production and AISC COVID-19 and the decreased availability of certain mine 1,750 Zimapan Veta Grande Rosario AISC (US$/oz AgEq) $30 production equipment 1,500 $25 ‒ Due to the M

  16. Slide 16: Why Invest in Santacruz?

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

  17. Slide 17: Contact

    Suite 880 – 580 Hornby Street Vancouver, BC, Canada V6C 3B6 Tickers: TSX-V:SCZ, OTC:SZSMF, FSE:1SZ Website: santacruzsilver.com Phone: +5281 83785707 Fax: +5281 83785921 Email: info@santacruzsilver.com Arturo Préstamo Elizondo Executive Chairman and Director Carlos A. Silva Ramos CEO and Director sa

Santacruz Silver Mining — Investor Presentation (September 2020) on 6ix