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Santacruz Silver Posts Production Growth, But High Costs Remain A Burden

Santacruz Silver Mining (OTCQX:SZSMF) is a Canadian silver mining company focused on the production ramp up of the Rosario Mine in San Luis Potosi, Mexico. Silver production climbed 38% in Q4 on higher mill throughput and recovery rates. These results should continue throughout this year, but we expect a temporary slow down in Q1 silver production largely because of a tailings pond rupture during last month. Santacruz should re-start mining operations at Rosario later this…