APR 3·AD HOC NEWSMed
Santacruz Silver Emerges Debt-Free, Poised for Strategic Growth
Santacruz Silver Mining Ltd. has achieved a significant financial milestone by completing its final payment to Glencore, effectively eliminating its acquisition debt. Despite a reported 74% drop in net income due to a non-recurring gain in the previous year, the company saw a 15% increase in revenue to $326.4 million and its adjusted EBITDA nearly doubled to $104.6 million, demonstrating strong operational performance and a strengthened balance sheet. With cleared debt and improved liquidity, Santacruz Silver is now focused on optimizing its asset portfolio, with particular attention to the Bolivar mine for future growth.