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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
Santacruz Silver Mining Ltd. is pleased to announce a non-brokered private placement for up to 40,000,000 units at a purchase price of C$0.30 per Unit, for gross proceeds to the Company of up to C$12,000,000, with a lead order from Palisades Goldcorp Ltd. Each Unit will consist of one common share of the Company and one common share purchase [...]
Santacruz Silver Mining Ltd. reports that its wholly-owned subsidiary, Carrizal Mining S.A. de C.V. , has entered into a definitive agreement with Minera Cedros, S.A. de C.V. , a wholly owned subsidiary of Industrias Peñoles, S.A.B. de C.V., to acquire the Zimapan property and related assets located in Zimapan, Hidalgo State, Mexico for total [...]
Santacruz Silver Mining Ltd. reports operating results from the Zimapan Mine in Zimapan Hidalgo, and the Rosario Project in Charcas, San Luis Potosi, located in Mexico, for the fourth quarter and year ended December 31, 2020 and provides an operations update. Production Highlights: Silver equivalent consolidated annual production increased by 30 [...]
Santacruz Silver Mining Ltd. reports that its wholly-owned subsidiary, Carrizal Mining S.A. de C.V. , has reached agreement with Minera Cedros, S.A. de C.V. , a wholly owned subsidiary of Industrias Peñoles, S.A.B. de C.V., to extend the current mine lease on the Zimapan Mine from December 31, 2020 to June 30, 2021. In a related matter, the Company [...]
Santacruz Silver Mining Ltd. reports on operating and financial results of the Zimapan Mine in Zimapan Hidalgo Mexico and the Rosario Project in San Luis Potosi, Mexico for the third quarter of 2020. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at [...]
Santacruz Silver Mining Ltd. is pleased to announce that total consolidated production for the month of October of 2020 reached 394,160 silver equivalent ounces at the Zimapan Mine and Rosario Mine in Mexico. Mr. Carlos Silva, CEO, stated: "After recently closing our private placement and securing new underground equipment, our mines immediately [...]
Santacruz Silver Mining Ltd. is pleased to announce that total production in the third quarter of 2020 reached 977,679 silver equivalent ounces , representing a 38% increase from Q2 2020 as operations returned to normal. During Q2 2020, Mexico's Ministry of Health issued a federal decree requiring all non-essential businesses, including mining, to [...]
