Interview with Arturo Prestamo Elizondo, Executive Chairman & Interim CFO of Santacruz Silver Mining (TSX-V: SCZ)
Recording date: 26th January 2023
The Company is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America, with a primary focus on silver and zinc, but also including lead and copper. The Company currently has six producing projects, the Zimapan Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines and holds two exploration properties in its mineral property portfolio, the La Pechuga Property and the Santa Gorgonia Prospect, and one development project, the Soracaya Project in addition to the San Lucas ore sourcing and trading business.
0:00 - Company overview
0:40 - Arturo Prestamo Elizondo’s background
1:38 - Background of the company’s management team
2:36 - Overview of the company’s assets
3:48 - Overview of the company’s share register
4:33 - Capital allocation toward Glencore’s loan payment
5:11 - Terms of Glencore’s loan to the company
6:46 - Capex for 2023 and the projected Capex in the next 5 years
7:39 - Overall goal of the company
9:05 - Strategy in reducing Capex with regard to mining silver
12:08 - Approach in mining the ore body especially the narrow veins
13:41 - Budget allocation for the exploration component
15:44 - Updates on the company’s milling component
18:37 - Possible opportunities for the company as a producer
20:42 - Possible catalysts for the company’s share price
23:35 - Outro
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