Santacruz Silver Mining Ltd. (NASDAQ: SCZM; TSXV: SCZ) announced on Sept. 18, 2026, that it has completed the acquisition of a 500-tonne-per-day milling facility in Bolivia as part of its operating platform strategy.
The transaction carries a total investment of approximately $14 million. A $9.2 million purchase price includes $4.6 million already paid, with the remaining $4.6 million due on Nov. 8, 2026. An additional $4.8 million will be allocated toward milling upgrades and working capital.
The facility sits roughly 5 kilometers from Santacruz’s Reserva mine, which is part of the Caballo Blanco mining complex. It comprises two 250-tonne-per-day processing circuits equipped with selective flotation systems designed to recover lead and zinc with high-grade silver content. Ore will be processed through Santacruz’s wholly-owned Bolivian subsidiary, San Lucas.
Santacruz expects the mill to be commissioned during the fourth quarter of 2026, with commercial production targeted by year-end.
Arturo Préstamo, executive chairman and CEO of Santacruz, said the acquisition gives San Lucas a clear path to increase volumes while freeing capacity at the company’s existing Bolivian milling operations — the Bolivar, Porco, and Caballo Blanco complexes — for ore from Santacruz’s own mines.
The move is intended to eliminate internal competition for processing capacity across the group, allowing the company to advance mine development plans and raise production from its owned operations without diverting ore to shared mills.
