Recent Updates — SCZM
Santacruz Silver Mining Ltd. received conditional approval from the Toronto Stock Exchange (TSX) to list its common shares on the TSX, subject to satisfying customary listing requirements including final documentation. Upon completion, the company's shares will be voluntarily delisted from the TSX Venture Exchange and commence trading under the symbol "SCZ". This graduation represents a significant milestone for the Latin American silver and base metals producer, aiming to enhance visibility in global capital markets. Santacruz Silver Mining Ltd. operates, acquires, explores, and develops mineral properties across Latin America.
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.
Santacruz Silver Mining Ltd.'s Bolivian subsidiary, San Lucas, raised 70 million bolivianos (approximately $5.8 million USD) through its fourth tranche of unsecured promissory notes on August 4, 2026. The notes carry a 10.9985% annual interest rate and mature on July 18, 2027. This offering replaced the second tranche, which was repaid in June 2026, restoring the program's total authorized amount to 140 million bolivianos. The issuance was fully subscribed by institutional investors via the Bolsa Boliviana de Valores. Santacruz Silver Mining Ltd. operates silver and base metal mines across Latin America.
Santacruz Silver Mining Ltd. reported Q2 2026 production of 1,573,100 ounces of silver, a 17% increase from Q1 2026, driven by recovery efforts at the Bolivar mine following May 2025 flooding and improved recoveries at Zimapan. Zinc output rose 7% to 23,240 tonnes, while lead and copper production increased 18% to 3,165 tonnes and 9% to 337 tonnes, respectively. The company maintained operations despite over 50 days of road blockades in Bolivia. Santacruz Silver Mining Ltd. operates silver, zinc, lead, and copper mines in Bolivia and Mexico.