Santacruz Silver (TSXV: SCZ) last night after the bell reported their second quarter production results. The company managed to produce 3.5 million silver equivalent ounces across its four operating groups within Bolivia and Mexico.
The production figure represents a 4% decline from the 3.7 million ounces produced in the first quarter of this year, and a larger 15% decline from the 4.2 million silver equivalent ounces produced in the second quarter of 2024.
The decline in production was said to be a result of a flooding event at the Bolivar mine, when an unexpected water inflow event occurred that exceeded the mines pumping capacity. The event reduced access to two high grade stopes temporarily while water was removed, while work on both stopes is said to now be in the process of returning to normal.
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Broken out, Q2 silver production consisted of 1.2 million ounces of silver, 21,218 tonnes of zinc, 2,773 tonnes of lead and 229 tonnes of copper. Silver production was down 11% on a quarter over quarter basis, while copper production was down 18%. Zinc and lead production however both improved by 2%.
“Santacruz maintained robust and stable production levels during the second quarter of 2025, and, notably, San Lucas reaffirmed its strategic importance within the Company this quarter, successfully compensating for the slower production from the Bolivar mine. From Q1 2025 to Q2 2025, consolidated throughput remained stable, increasing slightly by 2%; however, consolidated silver equivalent production decreased by 4%, with silver ounces declining 11%,” commented Santacruz CEO Arturo Prestamo.
“Looking at the second half of the year, we remain focused on maximizing silver production and metallurgical recoveries across all our operations, an approach that is especially important in today’s favorable silver price environment.”
Santacruz Silver last traded at $1.20 on the TSX Venture.
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