Company Overview

Santacruz Silver Mining Ltd. is a Canadian-based precious metals and base metals mining company focused primarily on silver production, with additional exposure to zinc, lead, and copper. The company operates in the mining and mineral exploration industry and is publicly traded on the TSX Venture Exchange under the symbol SCZ. Its core revenue drivers are the production and sale of silver concentrates and base metal by-products from underground mining operations, primarily in Bolivia and Mexico.

The company evolved from a junior silver exploration and development company into a multi-asset producer through acquisitions and operational expansion. Santacruz initially concentrated on Mexican silver assets, including the Rosario Project and the Zimapán Mine, before expanding significantly into Bolivia through the acquisition of producing mining assets formerly associated with Glencore operations. The company’s positioning is tied to its exposure to high-grade polymetallic deposits, operational leverage to silver prices, and a portfolio that combines producing mines with exploration and development potential.

Business Operations

Santacruz Silver Mining generates revenue through the extraction, processing, and sale of mineral concentrates containing silver, zinc, lead, and copper. Its operating portfolio includes mining and processing assets in both Mexico and Bolivia. Major operating units include the Bolivian Business Unit, which encompasses the Bolivar Mine, Porco Mine, and the Caballo Blanco Group, as well as Mexican operations including the Zimapán Mine and the Rosario Project. Bolivia has become the company’s largest operational center and a key contributor to production volumes and cash flow.

The company controls underground mining infrastructure, processing plants, mineral concessions, and related transportation and logistics assets associated with concentrate production. Santacruz has historically utilized a combination of direct ownership structures, local operating subsidiaries, and contractual arrangements related to acquired Bolivian assets. Its operations are supported by exploration activities aimed at extending mine life and increasing mineral resources. The company’s business model relies on operational optimization, concentrate sales to smelters and traders, and ongoing reserve replacement through drilling and development.

Strategic Position & Investments

Santacruz Silver Mining’s strategic direction has focused on transforming the company from a smaller Mexican silver producer into a diversified Latin American polymetallic mining operator. A major component of this strategy was the acquisition of Bolivian mining assets connected to Glencore, which significantly increased production scale and expanded the company’s exposure to zinc and lead alongside silver. Management has emphasized operational turnaround initiatives, production growth, debt restructuring efforts, and improvements in mine efficiency and throughput.

The company continues to invest in exploration, mine development, and infrastructure improvements intended to support long-term production sustainability. Santacruz has also pursued opportunities to optimize processing capacity and improve resource conversion across its operating mines. Its portfolio strategy combines producing assets with exploration upside, particularly in districts with established mining histories. The company’s exposure to both precious and industrial metals provides diversification tied to global demand trends in infrastructure, manufacturing, and precious metals markets.

Geographic Footprint

Santacruz Silver Mining is headquartered in Vancouver, Canada, while its principal mining operations are located in Bolivia and Mexico. The company maintains a particularly strong operational presence in Bolivia, where multiple producing mines and processing facilities contribute the majority of consolidated production. Mexican assets remain strategically important due to the country’s long-established silver mining infrastructure and geological potential.

The company’s operational influence is concentrated in Latin America, with mining, processing, exploration, and workforce activities centered in established mineral-producing regions. Through its Bolivian acquisitions and Mexican operating history, Santacruz participates in regional mining supply chains that connect to international concentrate buyers and global metals markets. Its production is ultimately linked to international industrial and precious metals demand across North America, South America, Europe, and Asia.

Leadership & Governance

Santacruz Silver Mining was founded as a Canadian junior mining company focused on developing silver assets in Mexico before evolving into a broader Latin American mining operator. The company is led by an executive team with experience in mining operations, finance, and corporate development. Management strategy has centered on increasing production scale, improving operational performance, and strengthening financial flexibility through acquisitions and restructuring initiatives.

Key members of leadership include:

• Arturo Préstamo Elizondo – Executive Chairman
• Carlos Silva – Chief Executive Officer
• Grant G. Bond – Chief Financial Officer
• Andrés Córdova – Chief Operating Officer
• Nicole Barbeau – Corporate Secretary

The company’s governance structure follows Canadian public company standards applicable to TSX Venture Exchange issuers, with oversight provided by a board of directors and executive management team responsible for operational execution, capital allocation, and regulatory compliance.