Santacruz Silver Mining Achieves Commercial Production at the Rosario Mine

Santacruz Silver Mining Ltd. (TSXV:SCZ) announced that commercial production has been achieved at their Rosario Mine in Charcas, San Luis Potosi, Mexico.

As quoted in the press release:

The initial production capacity of the mill facility is currently 300 tons per day (“tpd”). Substantially all additional milling equipment is onsite, which will allow for the next expansion phase to reach a projected production capacity to 700 tpd. This Phase 2 Expansion is planned to be completed by year-end.

Santacruz’s  President, Arturo Prestamo, said:

We are very pleased with the on-site developments to date that have brought Rosario to commercial production on time and under budget. Our staff should be commended for a job well done for constructing the Rosario mill on time and under budget with capital expenditures coming in approximately 20% lower than our original budget of US$12.5 million.

To view the whole press release, click here.