Despite countrywide closures, Santacruz was able to return to full production by June 2020
On the other hand, Santacruz said that silver production at the Rosario project located in San Luis Potosí was virtually unchanged from Q4 2019 at 43,350 ounces but increased by 103% compared to Q3 2020.
“Despite countrywide closures early in the year, we achieved a safe return to full production by June 2020 and reached record levels by year-end, which is a significant accomplishment for our team on the ground,” Carlos Silva, the company’s CEO, said in the media brief. “Additionally, production from Veta Grande has been completely replaced by production from the Zimapan Mine.”
Silva pointed out that Santacruz’s goal in 2021 is to continue optimizations and further improve production rates, particularly as new areas underground offer expansion potential.
“Of note, during Q4 2020 the company completed development works on a new mineralized zone at the Zimapan mine, the Horizontes zone, which is expected to contribute higher grade mineralized material to the mill feed,” the executive said. “Importantly, we expect to conclude the acquisition of the Zimapan Mine from Minera Cedros (Industrias Peñoles, S.A.B.) shortly.”
