Santacruz completes $40M (U.S.) Bolivian asset payment

Executive Summary

• Santacruz Silver Mining Ltd. completed the final $15 million installment to Glencore, fulfilling the total $40 million base purchase price for its Bolivian assets under the acceleration option.
• The payment series (March 20, May 6, July 7, Sept 5, and Oct 31 2025) marks full satisfaction of the acquisition commitment and secures $40 million in savings for the company.
• Management highlighted the transaction as evidence of strong balance‑sheet discipline and a foundation for advancing its growth strategy in Bolivia.

Key Details

• Completed fourth and fifth payments to Glencore, totaling $15 million (U.S.) on Sept 5 and Oct 31 2025.
• Combined with prior payments (Mar 20, May 6, Jul 7 2025) the total base purchase price of $40 million (U.S.) under the acceleration option is now fully paid.
• The payment fulfills Santacruz’s obligations for the acquisition of its Bolivian assets (Bolivar, Porco, Caballo Blanco complexes and related mines).
• Management stated the completion generates $40 million in savings, reinforcing financial discipline and long‑term value creation.
• Reference is made to earlier press releases (Apr 4 2024; Oct 3 2024; Mar 20, May 6, Jul 7 2025) for detailed payment structure.

Notable Quotes

• Arturo Prestamo, Executive Chairman & CEO: “We are thrilled to have fully executed this strategic plan… Completing the final payments to Glencore not only fulfills our obligations under the acceleration option but also underscores the strength of our balance sheet and prudent capital management.”
• “With $40 million now fully satisfied, we have generated significant savings and are well positioned to advance our growth strategy.”