An introduction to SantaCruz Silver Mining
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Big Al and Cory chat with SantaCruz Silver Mining President and CEO Arturo Préstamo Elizondo to get a run down of this very interesting company. The company’s goal is to become a mid tier silver producer and are on track to accomplish this in the next couple years.
Stay tuned for more updates coming from this company.
We will keep you as up to date as we can.
Negligible insider activity.
300K options at $1,22 to Dante Rodriquez.
I am projecting cashflow positive about 10 cents for 2014.
A good interview of what seems an interesting company. I wonder what their all in costs are for the first mine and the next one? Giving cash costs is what they all like to do.
We should have a good idea of the new Mexican tax rules are going to be in about a month. Could be important.
Chris
We will definitely follow up with Arturo on the all in cask cost question when the first mine is up and running. As for the Mexican tax rules we will bring him on soon and cover that question.
Thanks for your comments and great questions Chris.
I am a long suffering shareholder of the one other Mexican Pres/Ceo’s silver producer and that is AUN.
Just going through SCZ’s presentation.A lot of pertinent info is lacking.Cash costs per oz,specifics on cost of production,where the money is coming from for expansion of their projects…..
They list AUN’s Ag production as 2.2 m oz (estimate) but AUN’s La Negra mine is a polymetallic operation and the Ag Eq is estimated at 3 million oz for 2013.
SCZ have no mention of Shafter,which is ramping up now to 3.8 million oz annual production.
AUN have a quarter billion oz Ag Eq resource (M+I+I).
SCZ has 12 million oz at Rosario(M+I+I).
San Felipe is a minimal resource and not even laid out in Ag Eq terms.
30% more shares for Santa Cruz,minimal resources and production.
These guys are doing pretty good for that minimal operation and resource base.
Not knocking SCZ as AUN’s management have sunk their shareholders really good but I don’t see anything here to write home about for $1.20 per share.
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SZSMF, I believe is the US symbol. SCZ, the canadian. I have heard good things of this company, but have no first hand knowledge.