Santacruz Silver Mining Ltd. reported second-quarter 2026 financial results with revenues of $113.5 million, a 55% year-over-year increase, and adjusted EBITDA of $46.7 million, up 74%. Net income was $2.0 million, down 90% from the prior year period due to non-recurring items including a $36.1 million income tax expense driven by Bolivian exchange rate changes and inflation assumptions, as well as a $15.8 million non-cash fair value loss on contingent value rights (CVRs) granted to Glencore plc. Excluding these items, net income would have been $17.8 million. The company ended the quarter with $50.4 million in cash and $22.4 million in highly liquid marketable securities. Santacruz Silver Mining Ltd. operates silver and zinc mines in Bolivia and Mexico.
