Santacruz Silver Mining Ltd reports its Q2 2024 production results from its Bolivar mine, Porco mine, Caballo Blanco Group of mines and the San Lucas feed sourcing business all located in Bolivia, and the Zimapan mine located in Mexico.
Over all Santacruz Silver produces 1,671,359 ounces of silver; that totals whole of the 2Q production for silver equivalent production of 4,819,552 ounces.
Arturo Préstamo, Executive Chairman and CEO of Santacruz, commented, “Santacruz’s operations rebounded from Q1 2024, thanks to the hard work and dedication of all our teams. We processed a near record high of just over 500,000 tonnes of mineralized material.
The increased production of mineralized material is primarily attributable to the new integration ramp at Caballo Blanco, which significantly enhanced the performance of this asset, and the Company anticipates that these increased mining and processing rates will continue at Caballo Blanco throughout the rest of the year.”
In Q2 2024, Porco processed 51,307 tonnes of mineralized material and produced 534,300 silver equivalent ounces including 151,258 ounces of silver and 3,276 tonnes of zinc. When compared to Q1 2024, silver production decreased primarily due to the 19% decline in silver head grade, which was a result of the Company mining in lower grade silver areas while it reconfigured the mine plan to enable better productivity.
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