Santacruz Silver Mining (TSE:SCZ) has released an update.
Santacruz Silver Mining Ltd. has reported a robust year with significant operational improvements, including a 25% increase in silver production and a substantial 237% increase in adjusted EBITDA, despite a 10% revenue decrease and higher cash costs and AISC. The company has undertaken mine optimization initiatives and operational restructuring, which have led to cost savings and have announced a financial deal with Glencore that promises to strengthen their balance sheet in future reports.
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