Santacruz Silver Mining Ltd. · TSX:SCZ
Santacruz Silver Mining — Investor Presentation (April 2025)
27 slides from Santacruz Silver Mining's investor presentation, April 2025
Slide 1: Corporate Presentation April 2025
CORPORATE PRESENTATION A Multi-Asset & Multi-Metal Mining Company in Latin America APRIL 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 Ore Feed Sourcing Company & 1 Exploration Asset MEXICO BOLIVIA PRODUCING Bolivar Mine Ownership: 45%3 FY 2024 Production: 4.11M AgEq Oz1 ORE FEED SOURCING San Lucas PRODUCING Porco Mine Ownership: 45%3 PRODUCING PRODUCING P
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 Oz Production by Segment Silver Equivalent 18,651,700 ounces2 Silver Zinc 6,718,381 94,400 ounces tonnes 4.64M 4.35M 4.11M
Slide 6: Bolivar Mine
Bolivar Mine State of Oruro, Bolivia FY 2024 Production Type of Mine Milling Facility Capacity 4.11M AgEq Oz1,2 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 Revenue
Slide 7: Porco Mine
Porco Mine Antonio Quijarro Province, State of Potosí, Bolivia FY 2024 Production Type of Mine Milling Facility Capacity 2.06M AgEq Oz1,2 Underground vein system 1,200 tonne per day 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 -
Slide 8: Caballo Blanco Group of Mines
Caballo Blanco Group of Mines State of Potosi, Bolivia FY 2024 Production Type of Mine Milling Facility Capacity 3.50M AgEq Oz1 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 • Tre
Slide 9: San Lucas Ore Feed Sourcing
San Lucas Ore Feed Sourcing Supply agreements with regional ore suppliers Sourcing Regional Ore Material and Processing at Bolivar, Porco, and Don Diego plants1 FY 2024 Production Role San Lucas purchases ore 4.64M AgEq Oz2 Provides fair, transparent processing for local mining groups Efficiency Str
Slide 10: Zimapan Mine
Zimapan Mine FY 2024 Production 4.35M AgEq Oz1 Mineralized System Skarn ore bodies (20m wide, up to Hidalgo State, Mexico 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 In
Slide 11: Q3 2024 Financial Highlights
Q3 2024 Financial Highlights1 $78 million $29.86 in Revenue Avg. Realized Silver Price (oz sold)3,4 $16 million $22.38 In EBITDA Cash Costs (oz sold)3 $21 million $27.40 In Operating Cash Flow AISC (oz sold)3 $18 million In Cash and Cash Equivalents 1. Amounts are expressed in USD. 1. Silver Equival
Slide 12: Financial Strength Evolution
Financial Strength Evolution1 2022 2023 Q3 2024 Current Liabilities Current Assets $111K Current Liabilities Current Assets $135K Current Assets $109K Current Liabilities Total $139K $145K $152K Liabilities $229K Non-Current Total Liabilities Total Total Total Total $118K Assets Liabilities Assets L
Slide 13: Bolivian Asset Acquisition
Bolivian Asset Acquisition Asset Scaling & Diversifying via Glencore Acquisition; Full Cash Consideration of US$40M to Be Completed by Nov 2025 Acquisition A Game-Changer 2023 Q1 2025 Q1 2022 Integration Q4 2024 Success & US$10M Paid; Acquired Production Renegotiation Initiated Assets2 of SPA terms1
Slide 14: Capitalization Overview
Capitalization Overview $0.60 8,000,000 Share Ownership 7,000,000 $0.50 6,000,000 Institutional $0.40 5,000,000 Funds 5% $0.30 4,000,000 3,000,000 SILJ ETF $0.20 2% 2,000,000 $0.10 Management 1,000,000 & Insiders $0.00 0 9% 04-01-2024 05-01-2024 06-01-2024 07-01-2024 08-01-2024 09-01-2024 10-01-2024
Slide 15: 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 16: Experienced Management Team and Board
Experienced Management Team and Board With Extensive Underground Mining Experience Arturo Préstamo Elizondo Andres Bedregal Eduardo Torrecillas Executive Chairman and CEO Interim CFO COO Mr. Préstamo Elizondo holds a C.P.A. from the Mr. Bedregal is an expert in financial planning Mr. Torrecillas has
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 Ore Feed Sourcing Tres CQCQT Reserva San Lucas Amigos Mine Mine Trading Bolivar Porco Don Diego Lab & Mill2 Mill2 Mill2 Warehouse Soracaya Asset Power
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
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