Santacruz buys 500-tonne Bolivia mill
- Santacruz Silver (NASDAQ:SCZM) acquired a 500-tonne-per-day milling facility in Bolivia.
- The company expects commissioning in Q4 2026 and commercial production by year-end 2026.
- Total investment is expected at approximately US$14 million, including acquisition costs and upgrades.
Santacruz Silver Mining (NASDAQ:SCZM) acquired a 500-tonne-per-day milling facility in Bolivia to process ore from its wholly owned subsidiary San Lucas and support expansion of its third-party ore-sourcing business.
The facility includes two 250-tonne-per-day processing circuits using selective flotation for lead and zinc concentrates with high-grade silver content, and is located about five kilometres from the Reserva mine in the Caballo Blanco group.
“The acquisition supports Santacruz’s vertically integrated operating model in Bolivia,” said the company in its announcement.
By moving San Lucas materials to the new facility, Santacruz expects to free processing capacity at its three existing mine plants and increase production from its Bolivian mining operations.
Following the announcement the Santacruz Silver Mining share price was unchanged at $XX.
Santacruz operates silver, zinc and lead mining assets in Bolivia, with its business model focused on mining operations, processing capacity and third-party ore sourcing.
The company expects commissioning of the newly acquired mill in the fourth quarter of 2026, with commercial production targeted by the end of 2026, while total investment is expected to reach approximately US$14 million.
