“To finalize this agreement is a major milestone for the Company, completely changing our trajectory towards becoming a producer with significant resource potential.” Stated Brodie Sutherland, CEO. “To now be able to explore a much larger area primed for new discoveries and provide immediate expansion potential to Pilar itself gives our shareholders added upside.”
Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, commented, “Our multi-asset portfolio has been able to deliver consistent production so far this year, and in total we have produced almost 17 million silver equivalent ounces, including just over 5 million ounces of silver. While we do expect operations to vary by asset quarter to quarter, our objective is to deliver stable production throughout the year, while at the same time reviewing and streamlining operations to achieve efficiencies and reduce costs.”
“These encouraging drill results expand our knowledge as we continue to push the boundaries of the mineralized horizons along the Santa Cruz vein. Given the widths and grades of the intersections near existing development, this work is expected continue Guanacevi’s history of growth and reserve replacement,” stated Dan Dickson, Chief Executive Officer.
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