Santacruz Silver Announces Q3 2025 Financial Results
Financial Performance: Santacruz Silver Mining Ltd. reported Q3 2025 revenues of $79.99 million, a 2% increase year-over-year, with a gross profit of $20.17 million, marking a 28% increase. However, net income decreased by 7% to $16.34 million.
Production and Costs: The company produced 3,424,817 silver equivalent ounces, a 30% increase year-over-year, but faced rising costs with cash costs per silver equivalent ounce sold increasing by 28% to $28.62 and AISC rising by 30% to $35.62.
Operational Challenges: The Bolívar mine experienced production challenges due to a water inflow event, impacting silver output significantly. Remediation efforts are ongoing, with expectations for recovery to begin in February 2026.
Future Outlook: CEO Arturo Préstamo emphasized a focus on operational efficiency and maintaining a strong balance sheet, while a webinar is scheduled for December 5, 2025, to discuss the company's performance and future plans.
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