Collectively, the corporate’s confirmed and possible mineral reserves in Bolivia are estimated at 54 million silver-equivalent (AgEq) ounces, together with 19 million oz. of silver and 259,000 tonnes of zinc, contained inside 2.6 million tonnes grading 227 g/t silver and 9.99% zinc (or 648 g/t AgEq).
About half of the silver and zinc reserves are from the Bolivar mine, whereas the Caballo Blanco mines contributed a major chunk of the remaining reserves. The Soracaya venture solely had inferred sources.
Whole mineral sources within the measured and indicated class are 102 million oz. of AgEq, together with 32 million oz. of silver and 518,000 tonnes of zinc, inside 3.6 million tonnes grading 281 g/t silver and 14.49% zinc (883 g/t AgEq). Inferred sources totalled 189 million oz. AgEq, together with 72 million oz. of silver and 882,000 tonnes of zinc, from 7.4 million tonnes grading 303 g/t silver and 11.88% zinc (792 g/t AgEq).
Arturo Préstamo, govt chairman and CEO, stated the replace “marks a noteworthy milestone” for Santacruz because it continues to construct a mid-tier silver and base metals firm.
“The verified mineral sources and reserves underscore our strong asset base,” Préstamo stated.
“It is very important be aware that our Bolivian producing mines are open alongside strike and at depth, and with our ongoing exploration program, we imagine there may be potential to develop the present mineral sources and reserves,” he added.
The Bolivian belongings had been acquired by Santacruz in late 2021 from Glencore in a deal value over $102 million. Previous to that, the silver-base metals miner beforehand targeted solely on Mexico, the place it operates the Zimapan mine.