Santacruz Silver Reports Third Quarter 2017 Production and Financial Results

VANCOUVER, Nov. 28, 2017

VANCOUVER, Nov. 28, 2017 /PRNewswire/ - Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the "Company" or "Santacruz") reports on the operating and financial results from the Rosario Project in San Luis Potosi, Mexico and the Veta Grande Project in Zacatecas, Mexico for the third quarter of 2017. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.santacruzsilver.com or on SEDAR at www.sedar.com.  All amounts are in thousands of US dollars unless otherwise indicated.

Q3 Highlights:

• Silver equivalent produced ounces of 231,162;
• Head grade of 201 Ag Eqv. g/t;
• In situ Veta Grande vein material developed at Level 6 of the Garcia Mine with higher head grades than the mineralized material from the Chorros.

"In the third quarter the Company dealt with production equipment challenges at both the Rosario Project and Veta Grande Project compounded by lower than expected head grades," stated Arturo Préstamo, President and Chief Executive Officer of Santacruz. "Importantly, at Veta Grande we successfully reached Level 6 where we are currently developing in situ mineralized material contained in pillars located in the Veta Grande vein.  Preliminary assay results from chip samples collected across of this material are indicating higher grades."  Prestamo continued, "At Rosario we reached Level 2 of the Membrillo Prospect where we again are seeing higher grades from preliminary assay results from chip samples collected across the main Membrillo vein.  We remain focused on developing these key projects with anticipated improvement."

 2017 Third Quarter Operational Highlights

Summary of Production Results	2017 Q3 (2) ARIVA.DE Börsen-Geflüster Kurse SantaCruz Silver Mining 0,2055 € -4,64%	2017 Q2 (2)	2016 Q3 (3)
Material Processed (tonnes milled)	46,940	57,685	24,744
Silver eqv. ounce production (1)	231,162	270,659	164,924
Silver production (ounces)	88,234	89,243	76,168
Gold production (ounces)	394	472	86
Lead production (tonnes)	148	238	121
Zinc production (tonnes)	595	725	643
Average Head Grade (g/t Ag Eqv.)	201	207	252

Rosario Project Operational Results

Veta Grande Project Operational Results

Summary of Production Results	2017 Q3 (2)	2017 Q2 (2)
Material Processed (tonnes milled)	27,984	29,718
Silver eqv. ounce production (1)	103,473	145,942
Silver production (ounces)	61,960	56,062
Silver head grade (g/t)	107	102
Silver recovery (%)	64.5% Werbung Mehr Nachrichten zur SantaCruz Silver Mining Aktie kostenlos abonnieren E-Mail-Adresse Bitte überprüfe deine die E-Mail-Adresse. Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1 Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News 02:00 - PR Newswire Invesco Select Trust Plc - Tender Prices and Tender Purchases 02:00 - PR Newswire Pensana Plc - Update on FSDEA US$15 million loan facility 02:00 - PR Newswire BlackRock Energy and Resources Income Trust Plc - Total Voting Rights Auf zur INVEST am 26.+ 27.04.2024    Foto: Landesmesse Stuttgart GmbH - Jetzt kostenloses Ticket sichern! weiterlesen» Anzeige wo-site-teaser-box-16688_site-teaser-box_2024-04-17_09%253A00%253A00_2024-04-22_09%253A00%253A59