Santacruz Silver Mining Ltd produced 5,644,383 silver equivalent ounces from its Bolivar, Porco, and Caballo Blanco Group of Mines and the San Lucas Ore Sourcing and Trading Company and the Zimapan Mine in Mexico in the first quarter of 2023.
Production results from Bolivar and Porco are reported at a 100%, while the Company has a 45% net profit interest in these mines. The Caballo Blanco Group of Mines consists of the Tres Amigos, Reserva and Colquechaquita mines. Consolidated First Quarter 2023 Production Highlights say, 1: Silver equivalent production of 5,644,383 ounces & Silver produced 1,769,519 ounces.
Carlos Silva, Santacruz’s CEO stated, “We started the year with solid production from all of our assets and are committed to improving operational efficiencies at all our mines, the San Lucas trading company and supporting areas. We are also working closely with JDS Engineering & Mining to complete NI 43-101 compliant Resource and Reserve Estimates for all our producing mines in Mexico and Bolivia, which will provide us with additional life of mine planning information. These reports are expected to be released during the third quarter of this year.”
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