Santacruz Silver Revises Glencore Asset Sale Terms

Santacruz Silver Mining (TSE:SCZ) has released an update.

Santacruz Silver Mining Ltd. has revised the terms of its previous acquisition of Glencore’s Bolivian assets, aiming to solidify its financial position with a new payment plan and contingent value rights related to zinc prices. This agreement includes options for accelerated payments and provisions for additional payments if zinc prices exceed certain thresholds, enhancing Santacruz’s business flexibility and reinforcing its partnership with Glencore.

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