Santacruz Silver Mining Ltd. is saddened to report a fatality has occurred at its Rosario Project located in Charcas, San Luis Potosi, Mexico on Saturday, June 19 2021. The deceased was an underground miner. The accident took place at the Membrillo mine as a result of a rock fall. Santacruz personnel immediately followed mine rescue protocols, and authorities arrived shortly thereafter at the mine to review the site of [...]
Santacruz Silver Mining Ltd. announces that it intends to issue an aggregate of 10,342,604 common shares of the Company at a price of $0.432 per share in settlement of outstanding debts totalling C$4,468,005 . Pursuant to the terms of a debt settlement agreement dated as of the date hereof, the Company has agreed to issue 9,907,530 common shares of the Company in settlement of outstanding debts totaling C$4,280,053 owing [...]
Santacruz Silver Mining Ltd. reports on its financial and operating results for the first quarter of 2021. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of US [...]
Santacruz Silver Mining Ltd. provides an update on underground exploration activities on the Horizontes mineral zone at the Zimapan mine, Mexico, where diamond drilling has commenced. The 22 hole, 3,400-meter drilling program is targeting mantos-style as well as chimney- and skarn-style mineralization along the projected 200-meter strike length of the Horizontes one and Horizontes two mineral bodies. Drilling is planned [...]
Santacruz Silver Mining Ltd. reports its operating results from the Zimapan Mine located in Zimapan, Hidalgo, Mexico and the Rosario Project located in Charcas, San Luis Potosi, Mexico, for the first quarter 2021 . The Company is not including production from the Veta Grande Project in this report as operations at Veta Grande were suspended during Q1 2020. Production Highlights: Silver equivalent ounces produced 706,978 [...]
Santacruz Silver Mining Ltd. announces that it has granted a total of 16,250,000 stock options to its directors, officers, employees, consultants and advisors. The stock options, which are subject to the terms and conditions of the Company's stock option plan, have a five-year term, are exercisable at $0.47 per share and subject to certain vesting requirements. About Santacruz Silver Mining Ltd. Santacruz is a Mexican [...]
Santacruz Silver Mining Ltd. reports on its financial and operating results for the fourth quarter of 2020 and for the 2020 fiscal year. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are [...]
Santacruz Silver Mining Ltd. is pleased to report that it has completed the previously announced acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. , a wholly owned subsidiary of Grupo Peñoles. The transaction was funded in part by a US$17.6 million loan facility provided by Trafigura Mexico, S.A. de C.V. . As noted in the Company's press release of February 25, 2021, total consideration paid by [...]
Santacruz Silver Mining Ltd. announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. , together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V. , are now expected to close on or about April 23, 2021. Pursuant to the definitive purchase agreement dated February 24, 2021 between the Company's wholly-owned subsidiary, Carrizal Mining, S.A. de C.V. , and Minera [...]
Santacruz Silver Mining Ltd. is pleased to announce that it has closed its previously announced non-brokered private placement offering of units of the Company with a lead order from Palisades Goldcorp Ltd. The Company issued an aggregate of 46,965,000 Units at a price of $0.30 per Unit for gross proceeds of $14,089,500. Each Unit consists of one common share of the Company and one non-transferable common share purchase [...]
Santacruz Silver Mining Ltd. announces that the acquisition of the Zimapan mine assets from Minera Cedros, S.A. de C.V. , together with the US$17.6 million loan facility from Trafigura Mexico, S.A. de C.V. , are now expected to close on or before April 16, 2021. These transactions were last described in the Company's news release dated February 25, 2021. Pursuant to the definitive purchase agreement dated February 24 [...]
Santacruz Silver Mining Ltd. is pleased to announce that due to strong investor demand it has increased the size of its previously announced non-brokered private placement offering of units to CDN$14.1 million , with a lead order from Palisades Goldcorp. The Private Placement will now consist of up to 47,000,000 units at a purchase price of CDN$0.30 per Unit, for gross proceeds to the Company of up to CDN$14,100,000. Each [...]
+180,00 %
-87,50 %
