Santacruz Silver’s Strategic Gains Amidst Q1 Challenges

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

Santacruz Silver Mining Ltd. reports increased production with 4.48 million silver equivalent ounces and a revenue of $52.59 million in the first quarter of 2024, despite production challenges. The company has restructured its debt, leading to improved financial flexibility and a stronger balance sheet. While facing operational disruptions at its Bolivian mines and Caballo Blanco, the company anticipates improved performance in upcoming months, particularly with expected higher-grade silver mining.

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