Santacruz Silver Mining ( (TSE:SCZ) ) has provided an announcement.
Santacruz Silver Mining Ltd.’s Bolivian subsidiary, San Lucas S.A., successfully completed an oversubscribed promissory note offering of 70 million Bolivian Bolivianos on the Bolivian Stock Market. This achievement reflects strong investor confidence in the company’s operations and financial health, and underscores its commitment to diversifying funding sources and strengthening its capital structure. The successful issuance is part of a larger program authorized for 140 million Bolivian Bolivianos, highlighting Santacruz’s dedication to growth and value creation in Bolivia’s mining sector.
More about Santacruz Silver Mining
Santacruz Silver Mining Ltd. is involved in the operation, acquisition, exploration, and development of mineral properties in Latin America. Its Bolivian operations include the Bolivar, Porco, and Caballo Blanco Group mines, as well as the Soracaya exploration project and San Lucas ore sourcing and trading business. The company also operates the Zimapan mine in Mexico.
YTD Price Performance: 33.33%
Average Trading Volume: 345,441
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$142.3M
See more data about SCZ stock on TipRanks’ Stock Analysis page.