Santacruz Silver Mining Ltd. (TSXV:SCZ) engages in the acquisition, exploration, development and operation of silver, zinc, lead and copper mines in Latin America, primarily in Bolivia and Mexico; the company produces silver equivalent ounces through its diversified portfolio of six producing mines and one ore feed sourcing operation. Headquartered in Vancouver, Canada and founded in 2011, Santacruz Silver operates the Bolivar and Porco mines in Bolivia under a net profits interest agreement with COMIBOL through which it receives 45% of profits; it holds 100% ownership of the Caballo Blanco Group comprising the Tres Amigos and Colquechaquita mines, the San Lucas ore feed sourcing business including the Reserva mine, and the Soracaya exploration project, all in Bolivia, as well as the fully owned Zimapan mine in Hidalgo, Mexico spanning 34 concessions covering 5,139 hectares. The company generates the majority of its revenue from zinc and silver sales, with key contributions from the Zimapan, Bolivar, Porco, Caballo Blanco Group and San Lucas segments serving industrial and base metals markets globally. In 2025, Santacruz Silver completed the full US$40 million base purchase price payment to Glencore under an acceleration option for its Bolivian assets through structured installments including a final US$15 million in September and October, achieving significant cost savings of US$40 million versus original terms and enhancing financial flexibility; the company reported strong Q3 2025 production of 3,424,817 silver equivalent ounces comprising 1,241,929 ounces of silver, 21,581 tonnes of zinc, 2,603 tonnes of lead and 331 tonnes of copper, alongside announcements of plans to list on NASDAQ, advance the Soracaya project toward production with a preliminary mine plan and permitting, and ongoing operational enhancements including investments in milling facilities and cost reductions across assets.