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Santacruz Silver Mining Ltd.: Santacruz Silver Reports First Quarter 2021 Financial Results


Santacruz Silver Mining Ltd.: Santacruz Silver Reports First Quarter 2021 Financial Results
Vancouver, British Columbia (Newsfile Corp. - June 1, 2021) -
Santacruz Silver Mining Ltd. (TSXV: SCZ) (FSE: 1SZ) (the Company or Santacruz ) reports on its financial and operating results for the first quarter ( Q1 ) of 2021. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company s website at www.santacruzsilver.com or on SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated. ....

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Santacruz Silver Mining Ltd.: Santacruz Silver Reports Q1 2021 Production of 706,978 Silver Equivalent Ounces


Santacruz Silver Mining Ltd.: Santacruz Silver Reports Q1 2021 Production of 706,978 Silver Equivalent Ounces
176
85
-
182
61
0.19
72
In the above tables Ag Eq has been calculated as follows:
2021 Ag Eq was calculated using metal prices of: Ag $25.00/oz, Au $1,925/oz, Pb $0.85/lb, Zn $1.05/lb and Cu $3.00/lb.
2020 Ag Eq was calculated using metal prices of: Ag $17.85/oz, Au $1,480/oz, Pb $0.92/lb, Zn $1.09/lb and Cu $2.80/lb.
Silver Equivalent Comparative Production
As noted in the tables above, there is a significant reduction in silver equivalent ounces produced in Q1 2021 as compared to that produced in Q1 and Q4 2020. This negative change in production is due in large part to the metal prices used for this calculation in 2021 as compared to 2020. For example, had the Company used the 2020 metal price deck for its silver equivalent production calculation at the Zimapan Mine in Q1 2021, the reported silver equivalent ounces prod ....

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