Santacruz Silver Buys 500-Tonne-Per-Day Mill in Bolivia for $9.2M to Boost Production
SCZM sits 94% above its 52-week low of $4.68.
Summary
Santacruz Silver has acquired a 500-tonne-per-day milling facility in Bolivia for US$9.2 million, with an additional US$4.8 million earmarked for upgrades and working capital, bringing total investment to about US$14 million. The facility, located 5 km from the Reserva mine, will be dedicated to processing ore from the San Lucas subsidiary, freeing up capacity at the company's three existing mine processing plants. Management expects commissioning in Q4 2026 and commercial production by year-end, supporting increased consolidated production in 2027. This follows the company's recent graduation to the Toronto Stock Exchange on September 17, 2026, and strong Q2 production results. The acquisition strengthens Santacruz's vertically integrated Bolivian operations and provides operating leverage by allowing both San Lucas and the company's own mines to expand simultaneously.
At the time of this announcement, SCZM was trading at $9.10 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $829.5M. The 52-week trading range was $4.68 to $17.65. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.