Santacruz Silver posts strong Q2 2025 results with revenue growth, profitability, $58M liquidity

Proactive - Interviews for investors

Arturo Prestamo, Executive Chairman and CEO of Santacruz Silver Mining joined Steve Darling from Proactive to share the company’s results for the quarter ended June 30, 2025. The second quarter highlighted Santacruz’s operational resilience, as strong contributions from its diversified portfolio of mines offset temporary production challenges at the Bolívar operation. The company reported steady throughput growth and increased concentrate production at Caballo Blanco and San Lucas, alongside stable performance at Porco and Zimapán. However, overall silver-equivalent output was temporarily impacted by a mid-May water inflow at Bolívar, which restricted access to higher-grade zones and reduced both mined volumes and grades. Prestamo explained that the impact was partially mitigated by San Lucas’ strategic contribution, which increased material supply and sustained mill utilization. Additionally, throughput gains across other operations further supported Santacruz’s ability to maintain continuity and minimize the impact on consolidated results. For the six months ended June 30, 2025, the company processed 952,637 tonnes of ore, producing a total of 7,235,184 silver-equivalent ounces, including 3,013,144 ounces of silver and 41,868 tonnes of zinc. Financially, Santacruz delivered solid revenue growth and a significant improvement in profitability, with both net income and adjusted EBITDA showing strong year-over-year gains. The company also strengthened its balance sheet, ending the quarter with nearly $58 million in liquidity, comprised of $40 million in cash and $17.8 million in investments. Importantly, this position was achieved while making a $7.5 million acceleration payment to Glencore, underscoring management’s commitment to disciplined financial management. Prestamo also highlighted that the company achieved a 303% increase in working capital during the quarter, alongside notable reductions in operating costs compared to the prior year. These results demonstrate the effectiveness of Santacruz’s diversified asset base, flexible ore-sourcing model, and cost-control initiatives in sustaining growth, even amid temporary operational challenges. Looking ahead, Prestamo emphasized that Santacruz remains focused on further strengthening its operations and balance sheet, while continuing to advance its long-term strategy of growth and value creation in the silver and base metals sector. #proactiveinvestors #santacruzsilverminingltd #tsxv #scz #mining #SantacruzSilver #Q22025 #MiningStocks #PreciousMetals #BoliviaMining #ArturoPréstamo #SilverEquivalents #MiningInvesting #JuniorMiners #ProactiveInvestors