Santacruz Silver Reports Third Quarter 2024 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 25 2024
0mins
Source: Yahoo Finance
Financial Performance: Santacruz Silver Mining Ltd. reported a 21% year-over-year increase in Q3 2024 revenue to $78 million, with EBITDA rising 242% to $16 million and cash equivalents increasing 505% to $18 million, reflecting strong operational performance and improved silver prices.
Operational Developments: The company filed compliant mineral resource estimates for its Bolivian mines and is focusing on enhancing silver recovery through improved milling processes, while also maintaining stable costs and investing in underground equipment to support growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
