Santacruz Silver Delivers Strong Q2 2026: Silver Production Climbs 17% QoQ, Bolivar Rebounds 32%
SCZM sits 98% above its 52-week low of $3.2.
Summary
Santacruz Silver reported Q2 2026 production of 1.57M oz silver and 23,240 tonnes zinc, with strong quarter-over-quarter gains across all operations. Bolivar mine silver production surged 32% as recovery from 2025 flooding advanced, and operations were maintained despite prolonged road blockades in Bolivia.
Key Events · Earnings and Guidance · SCZM
-
Silver Production Up 17% QoQ
Consolidated silver production reached 1,573,100 ounces in Q2 2026, a 17% increase from Q1 2026, driven by higher throughput and improved grades at Bolivar and Porco.
-
Bolivar Mine Rebounds 32%
Bolivar silver production surged 32% quarter-over-quarter to 343,522 ounces as rehabilitation of areas affected by the May 2025 flooding event continued to advance.
-
Operations Resilient Amid Blockades
The company maintained full production despite more than 50 days of road blockades in Bolivia, with teams leveraging operational expertise to keep mines supplied.
-
Zinc and Lead Production Also Rise
Zinc production increased 7% to 23,240 tonnes and lead production rose 18% to 3,165 tonnes, supported by higher throughput and improved recoveries at Zimapan.
Analysis · SCZM · Energy & Transportation
A strong operational quarter saw Santacruz Silver produce 1.57 million ounces of silver and 23,240 tonnes of zinc—up 17% and 7% quarter-over-quarter, respectively. The standout performer was Bolivar, where silver output jumped 32% as the mine continued its recovery from last year's flooding. Critically, all operations were maintained despite more than 50 days of road blockades in Bolivia, underscoring the company's operational resilience. These results reinforce the recovery narrative and suggest solid momentum heading into the second half of 2026.
At the time of this filing, SCZM was trading at $6.32 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $599.1M. The 52-week trading range was $3.20 to $17.65. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.