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Santacruz Silver Mining ( (TSE:SCZ) ) has provided an update.
Santacruz Silver’s Bolivian subsidiary Empresa Minera San Lucas S.A. has completed a Bs 70 million unsecured promissory note issuance in the Bolivian capital markets, the third offering under its Bs 140 million program. The notes, which carry a 10.8168% annual interest rate and mature in March 2027, were oversubscribed by about 40%, priced above par, and fully placed in roughly 15 minutes, signaling robust local investor demand.
With this issuance, the San Lucas promissory note program is once again fully utilized at Bs 140 million, following the repayment of the first tranche and completion of the second. Management highlighted that the strong reception underscores confidence in San Lucas’ ore sourcing and trading business and Santacruz’s broader Bolivian operating platform, reinforcing the company’s access to efficient local funding and its capital management strategy in support of long-term value creation.
The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$12.00 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.
Spark’s Take on SCZ Stock
According to Spark, TipRanks’ AI Analyst, SCZ is a Neutral.
The score is driven primarily by improved financial performance (stronger profitability, rising operating cash flow, and very low debt), tempered by historical and recent volatility in earnings/cash flow quality. Technical indicators are the main drag due to bearish trend signals, while valuation is moderately supportive with a P/E near 11.
To see Spark’s full report on SCZ stock, click here.
More about Santacruz Silver Mining
Santacruz Silver Mining Ltd. is a Latin America-focused precious metals producer engaged in the operation, acquisition, exploration, and development of mineral properties. The company operates the Bolivar, Porco, Caballo Blanco and Reserva-related operations plus the Soracaya exploration project in Bolivia, and also runs the Zimapan mine in Mexico, giving it a diversified silver-focused mining platform in the region.
Average Trading Volume: 563,779
Technical Sentiment Signal: Buy
Current Market Cap: C$1.01B
See more data about SCZ stock on TipRanks’ Stock Analysis page.