Earnings call transcript: Santacruz Silver posts strong Q2 2026 growth
Santacruz Silver reported a 55% surge in Q2 revenue to $113.46 million and a 74% increase in adjusted EBITDA. The company's silver production climbed 17% from the previous quarter. Silver costs fell 24% to $21.87 per ounce. Management highlighted broad-based gains at all five mines in Bolivia and Mexico, with Bolivar leading the charge at 84,000 ounces.
Zimapan's production also improved after power outages. Caballo Blanco and Porco saw increases in silver production and grade. San Lucas processed 22% more tons and lifted silver output by 20%. The company expects 2026 to benefit from normalized shipments and continued cost discipline.
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