Santacruz Silver Reports First Quarter 2017 Production and Financial Results

http://www.santacruzsilver.com/i/pdf/nr/May-31-2017-Q1-ProductionFinancial-Results.pdf

Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) (the “Company” or “Santacruz”) reports on the operating and financial results from the Rosario Project in San Luis Potosi, Mexico and the Veta Grande Project in Zacatecas, Mexico for the first quarter of 2017. The full version of the financial statements and accompanying  management’s discussion and analysis can be viewed on the Company’s website at
http://www.santacruzsilver.com or on SEDAR at http://www.sedar.com. All amounts are in thousands of US dollars unless otherwise indicated.
Q1 Highlights:
 Silver equivalent produced ounces of 223,968;
 Head grade of 216 Ag Eqv. g/t;
 28% quarter over quarter reduction in production cost per tonne to $52.87
 18% quarter over quarter reduction in cost per Ag Eq Oz to $19.55
“The fiscal results of the first quarter of 2017 and the fourth quarter of 2016 reflect a transition period for the Company as it added two new sources of mineralized material at the Rosario Project and expanded the development of mineralized material from previously mined stopes at Veta Grande referred to as “Chorros”” stated Arturo Préstamo, CEO of Santacruz adding, “As a result of mining the Chorros, the operating costs are substantially reduced and we look forward to continued production improvements at both Rosario and Veta Grande over the coming quarters.”

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