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Santacruz Silver Mining (SCZ) investor relations material
Santacruz Silver Mining Corporate presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Corporate overview and strategy
Operates as a multi-asset, multi-metal mining company in Mexico and Bolivia, specializing in underground vein systems and producing silver, zinc, lead, and copper.
Achieved record production in both countries, with operational excellence and sustainable growth as key focuses.
Fully repaid Glencore debt and advanced brownfield projects toward full production permitting.
Largest underground mining company in Bolivia, leveraging established infrastructure and expertise.
Asset portfolio and production
Portfolio includes four producing mines, one ore feed sourcing company, and one brownfield project targeting full permits by Q3 2026.
YTD 2026 production: 2.91 Moz silver, 44.88 kt zinc, 5,851 t lead, and 645 t copper; silver accounts for 53.2% of revenues.
Zimapan (Mexico) and Bolivar, Porco, Caballo Blanco (Bolivia) are key producing assets, with San Lucas supporting ore feed sourcing.
San Lucas business optimizes plant utilization and provides operational flexibility in Bolivia.
Financial performance and valuation
YTD 2026 revenue reached $241M, gross profit $94M, adjusted EBITDA $89.2M, and cash on hand $72.8M.
Realized silver price averaged $76.33/oz, with consolidated AISC at $25.34/oz and mine-level margins up to $59.75/oz.
EV/Adjusted EBITDA at 3.2x and EV/Revenue at 1.2x, with a 37% adjusted EBITDA margin and $86.1M working capital.
Revenue and adjusted EBITDA grew 68% and 64% YoY, respectively, through H1 2026.
- Revenue up 55% and silver output up 17%, but net income fell 90% due to non-cash items.SCZ
Q2 2026 - Record silver and zinc output, strong financials, and ESG focus drive growth and value.SCZ
Corporate presentation - Q1 2026 delivered record revenue and margins on strong silver prices and disciplined operations.SCZ
Q1 2026 - Revenue and margins surged on strong silver prices, despite Bolivar's lower production.SCZ
Q4 2025 - 2025 output reached 14.4M AgEq oz with strong cash flow, robust reserves, and ESG leadership.SCZ
Corporate presentation - Poised for major growth, targeting 19M ounces silver equivalent by 2028 with no debt.SCZ
Metals Investor Forum 2026 - Restructured Glencore deal, strong cash flow, and operational growth drive future expansion.SCZ
Nordic Funds and Mines Conference 2024 - Q3 revenue and EBITDA surged on higher silver prices, production, and operational gains.SCZ
Q3 2024 - Net income surged 1,348% on 4% higher revenue, with strong cost control despite lower output.SCZ
Q2 2025
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Next Santacruz Silver Mining earnings date
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