Santacruz Silver Reports 'Solid' Q2 Production at Rosario Mine

Santacruz Silver Mining Ltd. (TSXV:SCZ) announced Q2 2015 operating results from its Mexico-based Rosario mine, commenting that it put out 265,834 silver equivalent ounces.
Other Q2 highlights include:

• Steady improvement in ore mined and milled on a month over month basis during Q2 2015.
• Shift to more cost effective cut and fill mining methods to better control dilution.
• Head grade increased 30% as compared with 2014 results.
• Silver equivalent produced ounces of 265,834.
• Silver equivalent payable ounces sold of 233,655.

Arturo Préstamo, CEO of Santacruz, commented:

Santacruz has delivered solid production performance at the Rosario Mine in Q2. Since the resumption of operations we have delivered increases in throughput and better dilution control resulting in improved head grade on a month over month basis resulting in 60% more silver equivalent ounces being produced in June as compared with April. Our operational staff has performed admirably in the face of the challenging markets putting the Company solidly on a path of improved efficiency and reduced costs — both of which are critical in the face of soft commodity prices. In addition we continue to utlilize our minimum price protection program whereby we set a minimum floor price of US$17/oz silver on our production. The path forward looks stronger as we continue to increase production while keeping costs well under control.

Click here to read the full Santacruz Silver Mining Ltd. (TSXV:SCZ) press release.