Santacruz Silver Mining (TSE:SCZ) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Santacruz Silver Mining Ltd. reported a strong second quarter in 2024 with $70 million in revenue and a gross profit of nearly $16 million, highlighting the company’s ability to leverage favorable market conditions for silver and zinc. Despite a robust financial performance, a non-cash charge related to zinc price fluctuations impacted net income. The company emphasized its disciplined cost management and stable average all-in sustaining cost (AISC) as key factors for its long-term financial stability.
For further insights into TSE:SCZ stock, check out TipRanks’ Stock Analysis page.
