Finance > Capital-markets

Santacruz looks to the future after challenges

Mexico-focused miner Santacruz Silver Mining (CN:SCZ) said its 2017 production decreased due to a number of factors and was “further challenged” by a working capital deficiency.

Staff reporter

Finance > Capital-markets

Santacruz looks to the future after challenges

Mexico-focused miner Santacruz Silver Mining (CN:SCZ) said its 2017 production decreased due to a number of factors and was “further challenged” by a working capital deficiency.

Staff reporter

Santacruz looks to the future after challenges

The Veta Grande mill was temporarily stopped in November

It has since struck a services agreement with private silver miner Carrizal Mining SA which it expects to result in monthly payments of US$1.1 million, in return for services including mine development and geological consulting.