Santacruz Silver Reports 2016 Annual Production Results and 2017 Update

http://www.santacruzsilver.com/i/pdf/nr/2017-03-24-nr-scz.pdf

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports its operating results from the Rosario project in Charcas, San Luis Potosi, Mexico and the Veta Grande project in Zacatecas, Mexico for the fourth quarter (“Q4”) and year ended December 31, 2016 and provides an update on the respective projects. The Company produced a total of 970,332 silver equivalent ounces(1) in fiscal 2016, including fourth quarter production of 242,048 silver equivalent ounces(1) from its two operating projects. Production levels for the fourth quarter of 2016 were impacted by ongoing development and optimization activities at both the Rosario and Veta Grande projects which may allow for increased production levels in 2017. “We are excited to see the results of our efforts over these past months coming to fruition with an anticipated production increase in fiscal 2017,” stated Arturo Préstamo, Santacruz’s President and CEO. “This expected increase in production will be the result of significant development work completed at the Veta Grande and Rosario projects in the fourth quarter of 2016, which has set the stage for more robust 2017 operations. Although our focus on these development activities had the effect of reducing our fourth quarter 2016 production total, I am pleased to advise that the Company is now well positioned to steadily advance our production levels throughout the year.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s