Santacruz Silver’s Rosario Mine Nearing Full Production Capacity

Santacruz Silver Mining Ltd. (TSXV:SCZ) announced its third quarter production results, commenting that its Rosario mine in Mexico put out 184,900 silver equivalent ounces. That’s a 9.9-percent rise from the previous period.

As quoted in the press release:

During the second quarter, the Rosario Mine produced at an average rate of approximately 325 tonnes per day (‘tpd’). By the end of the third quarter, the mine was producing at approximately 380 tpd. With current milling capacity of 300 tpd, the higher mining rate has resulted in a surface stockpile inventory of +8,500 tonnes of ore. Santacruz is finalizing the installation of a third ball mill, which when operational later in the fourth quarter, will increase the milling capacity from 300 tpd to 450 tpd, with a further increase to 700 tpd as additional flotation cells are integrated.

Arturo Préstamo, CEO of Santacruz, commented:

The Rosario Mine is now in position from a development perspective to provide the full mine capacity of between 450 tpd to 500 tpd in the very near term. Our main focus is to generate free cash flow at the Rosario Mine.

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