Santacruz Silver Mining Ltd (TSX-V:SCZ, OTC:SZSMF) has reported steady second-quarter production across its portfolio of projects: its Bolivar mine, Porco mine, Caballo Blanco Group of mines, and the San Lucas ore sourcing and trading business located in Bolivia, and the Zimapan mine located in Mexico.
The company said it produced 5,569,535 silver equivalent ounces during the quarter, including 1,786,461 ounces of silver, 2,824 tonnes of lead, 22,281 tonnes of zinc and 297 tonnes of copper.
The company processed 443,969 tonnes of material in 2Q, a slight decrease from the previous quarter.
Santacruz executive chairman Arturo Préstamo said that during the quarter the company maintained steady production levels, despite a temporary interruption in plant feed haulage at the Mexican operation.
This was offset by higher grade ore sourced by San Lucas which resulted in silver equivalent ounce production being in line with the previous quarter, he noted.
“In the first half of the year, Santacruz has produced just over 11 million silver equivalent ounces,” Préstamo said in a statement.
“We have also been making progress on capital projects aimed at streamlining our operations, such as the integration ramp at Caballo Blanco, and our team is focused on finding additional opportunities to further improve operations at each mine."
Another operational efficiency project completed during 2Q was the upgrading of the water handling infrastructure serving the Central Zone at the Bolivar mine.
Santacruz Silver Mining is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America.
Contact the author at emily.jarvie@proactiveinvestors.com
Follow her on Twitter @emilyjjarvie