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Santacruz Silver Q2 revenue jumps 55%
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Santacruz Silver Q2 revenue jumps 55%

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  • Santacruz Silver reported Q2 2026 revenue of $113.5 million, up 55%, while Adjusted EBITDA rose 74% to $46.7 million.
  • SCZM was unchanged at $8.85 in pre-market trading at 7:30 a.m. ET after the earnings release.
  • Santacruz said Bolivia’s resolved road blockades delayed concentrate exports and increased inventories by approximately $17 million during the quarter.

Santacruz Silver Mining (NASDAQ:SCZM) reported Q2 2026 revenue of $113.5 million, up 55%, while gross profit doubled to $51.1 million.

Net income fell 90% to $2 million, mainly reflecting a $36.1 million tax expense and $15.8 million non-cash Glencore CVR revaluation loss.

Bolivian road blockades constrained concentrate exports and increased inventories by about $17 million, although Santacruz said production continued without interruption.

Santacruz said exports normalized during Q3 and accumulated inventories are being reduced.

Following the announcement, Santacruz Silver's share price was unchanged at $8.85 in pre-market trading.

Santacruz produced 1.57 million silver ounces in Q2, up 11% year-over-year and 17% quarter-over-quarter, alongside 23,240 tonnes of zinc.

The company entered Q2 after reporting $127.5 million of Q1 revenue and has continued financing San Lucas while advancing the Bolivar recovery.

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