$SCZM

Santacruz Silver Mining Ltd. (NASDAQ: SCZM, TSXV: SCZ) acquired a 500-tonne-per-day milling facility in Bolivia for US$14 million. The facility will process ore from its San Lucas subsidiary, freeing up capacity at existing mines. The company expects to commission the facility by Q4 2026 and reach commercial production by year-end. The acquisition aims to support production growth and expand its Bolivian operations.

Santacruz Silver Mining (SCZM) reported Q2 earnings, with silver production up 20% and all-in sustaining costs down 24% to $21.87 per ounce. Revenue rose 55% YoY, gross profit nearly doubled, and adjusted EBITDA increased 74%. Despite road blockades delaying exports, the company ended the quarter with $73M in cash. Management expects permits for the Soracaya project in Q3 and plans to begin small-scale production by Q4.

Santacruz Silver Mining Ltd. (NASDAQ: SCZM, TSXV: SCZ) reported Q2 2026 production of 1,573,100 oz silver, 23,240 tonnes zinc, 3,165 tonnes lead, and 337 tonnes copper. Silver rose 17% QoQ from Q1 2026, with Bolivar silver up 32% QoQ. The company also cited higher throughput and improved recoveries, plus supplemental silver-equivalent output of 2,814,489 oz.

Santacruz Silver Mining Ltd. (NASDAQ: SCZM; TSXV: SCZ) reported a fatal accident at its Reserva mine in Bolivia on June 24, 2026 (~6:30 pm). The company said preliminary findings suggest it did not occur during normal mining operations or assigned duties, and may involve a deviation from safety procedures. It suspended activities in the affected area and is investigating with authorities and external experts.

Santacruz Silver Mining Ltd. (NASDAQ: SCZM; TSXV: SCZ) said it has published its 2025 Sustainability Report for its wholly owned Mexican unit, Compañía Minera Zilar Mendi (operating as Carrizal Mining in 2025), prepared under the 2021 GRI Standards. The report covers 2025 ESG performance, including 696.31 kWh/tonne electricity use and zero fatalities.

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.