Santacruz Silver Mining Ltd. reports that, further to its news release dated February 25, 2020, the Company will not be completing any additional tranches of its previously announced non-brokered private placement. The Company raised gross proceeds of C$734,150 from the sale of 6,117,917 units pursuant to the private placement at price of C$0.12 per Unit. Each Unit consisted of one common share of the Company and one [...]
Santacruz Silver Mining Ltd. announces that, following a review of its Veta Grande Mine operations in Zacatecas, Mexico the Company has decided to suspend the operation of the processing facility for approximately six months to facilitate plant and new tailings storage facility upgrades. "While we are continuing with the geotechnical evaluations and assessments of the remaining capacity at the existing TSF, we have made [...]
Santacruz Silver Mining Ltd. reports that further to its press release dated February 13, 2020 it has closed the first tranche of its non-brokered C$3.0 million private placement . The Company raised gross proceeds of C$734,150 from the sale of 6,117,917 units pursuant to the first tranche of the Private Placement at price of C$0.12 per Unit. Each Unit consisted of one common share of the Company and one non-transferable [...]
Santacruz Silver Mining Ltd. announces that it will conduct a non-brokered private placement of up to 25,000,000 units at a purchase price of C$0.12 per Unit, for gross proceeds to the Company of up to C$3,000,000. Each Unit will consist of one common share of the Company and one common share purchase warrant . Each Warrant will entitle the holder to acquire one common share of the Company at a price of C$0.18 per share [...]
Santacruz Silver Mining Ltd. reports its operating results from the Zimapan Project in Zimapan Hidalgo, the Veta Grande Project in Zacatecas, and Rosario Project in Charcas, San Luis Potosi, all located in Mexico, for the fourth quarter and year ended December 31, 2019 and provides an operations update. Production Highlights: Total production reached 2.8 million equivalent ounces of silver, representing a 346% increase [...]
Santacruz Silver Mining Ltd. reports that its Mexican subsidiary, Carrizal Mining, S.A de C.V. , has acquired by staking the La Pechuga property located adjacent to the Zimapan Mine at Zimapan, Hidalgo, Mexico. The Property is comprised of one mining concession that covers a land area of approximately 3,025 hectares and is located 25 kilometers southeast of the Zimapan Mine. It contains several historic mines with [...]
Santacruz Silver Mining Ltd. reports on the operating and financial results from its Mexican mining operations for the third quarter of 2019. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All amounts are in thousands of US dollars unless otherwise indicated. Q3 2019 [...]
Santacruz Silver Mining Ltd. reports that the Company's total production in the third quarter of 2019 reached 956,482 silver equivalent ounces, representing a 176% increase compared with Q2 2019 and a 381% increase compared to Q3 2018. The Q3 2019 production figure includes only 50% of the Zimapan mine's quarterly production as Santacruz did not complete the acquisition of the final 50% of PCG Mining, S.A. de C.V. until [...]
Santacruz Silver Mining Ltd. reports that its 100% owned subsidiary company, Carrizal Mining, S.A. de C.V. has agreed with Minera Cedros, S.A. de C.V. , a wholly-owned subsidiary of Grupo Peñoles, S.A.B. de C.V., to extend the expiry date of the current Zimapan Mine lease agreement from December 31, 2019 to December 31, 2020. Arturo Prestamo, Santacruz's CEO stated, "We are pleased that Minera Cedros has agreed to [...]
Santacruz Silver Mining Ltd. reports that effective October 16, 2019, Carlos Alberto Silva Ramos has been appointed a director of the Company. Mr. Silva is currently the Chief Operating Officer of the Company and together with his family holds a significant ownership position in Santacruz as a result of the completion of the acquisition by the Company of the remaining 50% of PCG Mining Ltd., the parent holding company of [...]
Santacruz Silver Mining Ltd. reports that effective October 4, 2019, the Company, having received requisite shareholder and stock exchange approvals, has acquired the remaining 50% of the outstanding shares of PCG Mining, S.A. de C.V. from a non-arm's length party in consideration for the issue of 30,000,000 common shares of the Company , resulting in the Company owning 100% of PCG, which is the parent holding company of [...]
Santacruz Silver Mining Ltd. reports that at the Annual General Meeting of shareholders of the Company held on October 1, 2019, a total of 59,922,159 common shares of the Company, representing approximately 34.3% of the Company's issued and outstanding common shares, were voted. Shareholders approved all matters brought before the meeting, including the re-election of the incumbent directors, the re-appointment of [...]
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