Vancouver, B.C. - Santacruz Silver Mining Ltd. (TSXV:SCZ) (“Santacruz” or “the Company”) reports full-year 2022 production of 15,010,871 silver equivalent ounces from its Bolivar Silver/Zinc Mine, the Porco Silver/Zinc Mine, the Caballo Blanco Silver/Zinc Group of Mines and the San Lucas Trading company (“the Bolivian Operations”) and the Zimapan Mine in Mexico (“the Mexican Operations”).

On March 18th, 2022, the Company closed the acquisition of all Bolivian assets from Glencore and the results of the Bolivian Operations are included in the consolidated results of the Company from that date.

Consolidated Fourth Quarter 2022 Production Highlights:


Silver equivalent produced of 4,722,004 ounces (+460% vs Q4 2021),
Silver Production of 1,793,973 ounces (+463% vs Q4 2021),
Lead production of 3,409 tonnes (+236% vs Q4 2021),
Zinc production of 23,673 tonnes (+587% vs Q4 2021).


Key Highlights

Carlos Silva, Santacruz´s CEO stated, “Q4 has been an interesting quarter as we have received a significant amount of underground and milling equipment across all our operations leaving us well positioned to achieve our budgeted 2023 mine production with high levels of productivity, efficiency, and safety”.

Mr. Silva continued; “During Q4 we have re-established the group safety meetings before every shift that were in place pre-covid as well as undertaken different safety initiatives and training activities to assure a safe workplace across all our operations where positive trends continued during Q4”.

Production Details Table

Note: On March 18, 2022, the Company closed the acquisition of all Bolivian assets from Glencore and the results of the Bolivian Operations are included in the consolidated results of the Company from that date.

Q4 2022 Mine by Mine Production Table

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