Santacruz Silver Mining Ltd. (SCZM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Bedregal. We're going to get started right away with pre-submitted questions. We will be taking some live ones at the end, so feel free to submit a question in the question box below. Also, we may be making some forward-looking statements today, and if you'd like to know more about those, you can find them on the company's website. And with that out of the way, welcome Arturo and Andres, and thank you for being here today. Thank you, Alenka. Thank you for having us. It's a pleasure for us to be here. Always a pleasure, Alenka. Thank you very much. Of course. So let's get started with the first question. Arturo, I'll give this one to you. How would you characterize Santa Cruz's operating performance in Q2 in the first half of 2026? The continued recovery of Boliviar, the strong improvement of San Lucas, and the opportunities for further production and growth through the balance of the year. Well, Olenka, from an operating perspective, Q2 was a strong quarter for Santa Cruz, and the first half of 2026 has continued to show solid progress across all of our assets. We increased production at all of our operations with a consolidated silver production increase of 17% and a zinc production increase of 7% quarter over quarter. The main driver behind the increase in silver production was Bolívar, which once again delivered a very strong quarter. Silver production in Bolívar alone increased by 84,000 ounces, supported by an 11% increase in tons milled and a 17% improvement in the silver head grades as we run more ore from the water area of Pomabamba and Ane. It's important to mention that the watering process is going on in budget and in time. So we continue to do progress with the watering of the mine and the rehabilitation of the main ramp towards the lower levels. We're al...