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Santacruz Silver Mining Ltd (TSE:SCZ)
:SCZ
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Santacruz Silver Mining (SCZ) AI Stock Analysis

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TSE:SCZ

Santacruz Silver Mining

(SCZ)

Rating:78Outperform
Price Target:
C$2.50
▲(11.11% Upside)
Santacruz Silver Mining's strong financial performance and attractive valuation are the primary drivers of its stock score. The technical analysis indicates strong momentum but also suggests caution due to overbought signals. The absence of earnings call data and corporate events does not impact the score.
Positive Factors
Balance Sheet Health
A low debt-to-equity ratio indicates strong balance sheet health, reducing financial risk and enhancing the company's ability to withstand market fluctuations.
Cash Flow Generation
Robust cash flow generation enhances financial stability and provides flexibility for future investments and debt management.
Revenue Growth
Strong revenue growth indicates successful market penetration and increased demand for its products, supporting long-term business expansion.
Negative Factors
Profit Margin Fluctuations
Fluctuating profit margins can affect profitability and indicate challenges in maintaining cost control and pricing power.
Past Leverage Issues
Past leverage issues may indicate underlying financial management challenges, potentially impacting future financial stability.
Earnings Volatility
Earnings volatility can lead to unpredictable financial performance, affecting investor confidence and long-term planning.

Santacruz Silver Mining (SCZ) vs. iShares MSCI Canada ETF (EWC)

Santacruz Silver Mining Business Overview & Revenue Model

Company DescriptionSantacruz Silver Mining Ltd. is a Canadian-based silver mining company engaged in the exploration, development, and production of mineral properties in Mexico. The company focuses primarily on silver mining but also produces other metals such as gold, lead, and zinc. With a portfolio of producing and exploration-stage properties, Santacruz aims to enhance shareholder value through the efficient development and operation of its mining assets.
How the Company Makes MoneySantacruz Silver Mining Ltd. generates revenue primarily through the extraction and sale of silver and other by-product metals like gold, lead, and zinc from its mines in Mexico. The company operates multiple mining projects, each contributing to its overall production output. Revenue is driven by the market prices of these metals, production volumes, and the efficiency of mining operations. Additionally, Santacruz may enter into various partnerships or joint ventures to optimize production capabilities and explore new opportunities, although specific partnerships or agreements are not detailed here. The company's earnings are influenced by factors such as commodity price fluctuations, operational costs, and the successful management of its mining projects.

Santacruz Silver Mining Financial Statement Overview

Summary
Santacruz Silver Mining demonstrates strong recent financial performance with significant revenue and profit growth, efficient operations, and prudent financial management. However, historical volatility in income and cash flows, along with past leverage issues, suggest the need for cautious optimism.
Income Statement
85
Very Positive
Santacruz Silver Mining has shown impressive revenue growth with a TTM increase of 93.4%. The gross profit margin improved to 28.1%, and the net profit margin is strong at 14.9%. The EBIT and EBITDA margins are robust at 30.8% and 37.5%, respectively, indicating efficient operations. However, past fluctuations in net income and margins suggest potential volatility.
Balance Sheet
75
Positive
The company maintains a low debt-to-equity ratio of 0.057, reflecting prudent financial leverage. The return on equity is strong at 32.1%, indicating effective use of equity to generate profits. The equity ratio stands at 44.0%, showing a solid equity base. Historical high leverage and negative equity in past years highlight potential risks.
Cash Flow
80
Positive
Free cash flow growth is significant at 87.7%, and the free cash flow to net income ratio is healthy at 52.1%. The operating cash flow to net income ratio is 69.2%, indicating good cash conversion. Despite strong recent performance, past negative cash flows and fluctuations suggest caution.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue303.52M282.99M251.26M278.59M53.33M33.10M
Gross Profit94.22M76.93M63.98M22.87M10.30M988.00K
EBITDA123.56M52.52M50.70M4.91M-815.00K111.00K
Net Income64.35M164.48M16.15M-18.51M-11.56M-1.49M
Balance Sheet
Total Assets369.98M374.02M339.04M337.52M60.91M32.83M
Cash, Cash Equivalents and Short-Term Investments52.04M35.72M5.01M7.38M5.04M430.00K
Total Debt23.31M3.35M17.77M22.21M12.34M6.76M
Total Liabilities207.01M242.68M333.62M350.56M58.18M42.25M
Stockholders Equity162.98M131.35M5.42M-13.04M2.74M-9.42M
Cash Flow
Free Cash Flow56.77M31.81M8.10M13.60M-25.07M-6.45M
Operating Cash Flow84.27M54.43M29.77M29.37M-1.47M-4.81M
Investing Cash Flow-60.75M-20.92M-23.13M-2.34M-21.10M-2.63M
Financing Cash Flow8.40M-2.55M-6.30M-23.34M22.90M7.76M

Santacruz Silver Mining Technical Analysis

Technical Analysis Sentiment
Positive
Last Price2.25
Price Trends
50DMA
1.44
Positive
100DMA
1.09
Positive
200DMA
0.73
Positive
Market Momentum
MACD
0.22
Negative
RSI
80.16
Negative
STOCH
96.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SCZ, the sentiment is Positive. The current price of 2.25 is above the 20-day moving average (MA) of 1.69, above the 50-day MA of 1.44, and above the 200-day MA of 0.73, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 80.16 is Negative, neither overbought nor oversold. The STOCH value of 96.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SCZ.

Santacruz Silver Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
C$756.58M8.3143.36%27.40%-53.94%
61
Neutral
$10.29B7.21-0.05%2.89%2.87%-36.73%
42
Neutral
C$496.84M-22.01%27.67%
34
Underperform
C$155.25M-84.35%-67.33%
34
Underperform
C$162.69M-41.93%44.61%
$83.80M-6.53%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:SCZ
Santacruz Silver Mining
2.25
1.93
603.13%
TSE:DV
Dolly Varden Silver
5.70
1.30
29.55%
TSE:SVRS
Golden Tag Resources
0.24
0.12
100.00%
TSE:APGO
Apollo Gold
0.64
0.37
137.04%
SLVRF
Silver One Resources
0.29
0.07
31.82%

Santacruz Silver Mining Corporate Events

Private Placements and FinancingBusiness Operations and Strategy
Santacruz Silver’s Bolivian Subsidiary Completes Successful Promissory Note Offering
Positive
Aug 11, 2025

Santacruz Silver Mining Ltd.’s Bolivian subsidiary, San Lucas S.A., has successfully completed the second tranche of its promissory note offering, raising a total of 140 million Bolivian Bolivianos. This move demonstrates strong support from the Bolivian investment community and aligns with Santacruz’s strategy to diversify funding sources, reinforcing its commitment to Bolivia and strengthening its capital structure to deliver long-term shareholder value.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Santacruz Silver Reports Q2 2025 Production Amid Challenges
Neutral
Jul 29, 2025

Santacruz Silver Mining Ltd. reported a total production of 3,547,054 silver equivalent ounces in Q2 2025, with significant contributions from its Bolivian and Mexican operations. Despite stable production levels, the company faced a 4% decrease in silver equivalent production due to flooding at the Bolivar mine, which affected access to high-grade areas. The San Lucas Group played a crucial role in offsetting this shortfall, highlighting its strategic importance. The company remains focused on maximizing silver production and metallurgical recoveries, particularly in the current favorable silver price environment.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

M&A TransactionsBusiness Operations and Strategy
Santacruz Silver Completes Third Payment to Glencore in Bolivian Assets Acquisition
Positive
Jul 7, 2025

Santacruz Silver Mining Ltd. has announced the completion of its third payment of $7.5 million to Glencore as part of a structured payment plan totaling $40 million for the acquisition of Bolivian assets. This payment highlights Santacruz’s commitment to financial discipline and long-term value creation, with $15 million remaining to be paid by October 31, 2025. The company emphasizes its strong relationship with Glencore as a key asset in advancing its strategic priorities.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Business Operations and Strategy
Santacruz Silver Mining Announces Equity Incentive Awards
Positive
Jun 27, 2025

Santacruz Silver Mining Ltd. has announced the granting of stock options, deferred share units, restricted share units, and performance share units to directors, officers, employees, and consultants as part of its Omnibus Equity Incentive Plan. This move aims to align the incentive compensation program with the company’s long-term objectives, potentially enhancing stakeholder value and reinforcing the company’s commitment to its strategic goals.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Delistings and Listing ChangesBusiness Operations and Strategy
Santacruz Silver Mining Upgrades to OTCQX Best Market
Positive
Jun 26, 2025

Santacruz Silver Mining Ltd. has announced its upgrade to the OTCQX Best Market, allowing its shares to trade under the symbol ‘SCZMF’. This move is expected to enhance the company’s access to U.S. investors, increase liquidity, and support its strategy of becoming a leading silver and base metals producer in Latin America.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Executive/Board ChangesBusiness Operations and Strategy
Santacruz Silver Appoints Andrés Bedregal as CFO to Drive Financial Growth
Positive
Jun 16, 2025

Santacruz Silver Mining Ltd. has appointed Andrés Bedregal as its Chief Financial Officer, effective immediately. Bedregal, who has been serving as interim CFO since October 2024, has played a crucial role in improving the company’s financial health and securing better terms for a Bolivian asset acquisition. His extensive expertise in financial planning and strategic decision-making is expected to further strengthen Santacruz’s financial discipline and support its growth initiatives.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Santacruz Silver Mining Reports Strong Q1 2025 Financial Results
Positive
Jun 12, 2025

Santacruz Silver Mining Ltd. reported a strong start to 2025 with significant improvements in financial metrics, including a 34% increase in revenues and substantial growth in gross profit and adjusted EBITDA. Despite a decrease in net income due to extraordinary gains in the previous year, the company maintained a robust liquidity position and demonstrated operational efficiency. The company’s strategic focus on maximizing margins and leveraging favorable metal prices positions it well for sustainable growth and value creation for shareholders.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Santacruz Silver Reports Q1 2025 Production Results with Strategic Silver Focus
Neutral
Jun 9, 2025

Santacruz Silver Mining Ltd. reported its Q1 2025 production results, highlighting a total production of 3,688,129 silver equivalent ounces, including 1,590,063 ounces of silver and 20,719 tonnes of zinc. The company experienced a decrease in production compared to the previous quarter, attributed to typical seasonal slowdowns and temporary operational constraints. Despite these challenges, Santacruz emphasized its strategic focus on silver production, benefiting from the favorable silver price environment, and reaffirmed its commitment to prioritizing silver production across its assets.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
Santacruz Silver Faces Temporary Cease Trade Order Due to Filing Delays
Negative
Jun 3, 2025

Santacruz Silver Mining Ltd. has received a temporary management cease trade order from the British Columbia Securities Commission due to its inability to file interim financial statements for the period ending March 31, 2025, by the deadline. This order restricts trading by the company’s CEO and CFO until the required filings are completed, although public trading remains unaffected. The delay was attributed to the company’s focus on completing previous annual filings, and it expects to resolve the issue by June 12, 2025.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Santacruz Silver Mining Achieves Robust Financial Growth in 2024
Positive
May 29, 2025

Santacruz Silver Mining Ltd. reported significant financial growth for the year ending December 31, 2024, with a 13% increase in revenue and a remarkable 1594% rise in net income. The company attributes its success to operational improvements and a favorable silver price environment, which have strengthened its balance sheet and positioned it for sustainable growth. Despite a slight decrease in silver equivalent ounces produced, Santacruz ended the year with a substantial increase in cash reserves, enhancing shareholder value and preparing for long-term growth.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Financial DisclosuresRegulatory Filings and Compliance
Santacruz Silver Updates on Management Cease Trade Order Status
Neutral
May 14, 2025

Santacruz Silver Mining Ltd. has provided an update on the temporary management cease trade order (MCTO) issued due to a delay in filing its annual financial statements for 2024. The company is working with its auditor to complete the audit procedures and continues to comply with alternative information guidelines, issuing bi-weekly status reports. There are no other material changes or defaults anticipated, and the MCTO will remain in effect until the required filings are completed.

The most recent analyst rating on (TSE:SCZ) stock is a Buy with a C$0.90 price target. To see the full list of analyst forecasts on Santacruz Silver Mining stock, see the TSE:SCZ Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 04, 2025