Santacruz Silver Reports Third Quarter Financial Results
Santacruz Silver Reports Third Quarter Financial Results
Vancouver, British Columbia--(Newsfile Corp. - November 30, 2022) - Santacruz Silver Mining Ltd. (TSXV: SCZ) ("the Company" or "Santacruz") reports on its financial and operating results for the third quarter ("Q3") of 2022. The full version of the financial statements and accompanying management discussion and analysis can be viewed on the Company's website at or on SEDAR at . All financial information is prepared in accordance with International Financial Reporting Standards ("IFRS") and all dollar amounts are expressed in thousands of US dollars, except per unit amounts, unless otherwise indicated.
温哥華,不列顛哥倫比亞省-(Newsfile Corp.-2022年11月30日)-聖塔克魯斯銀礦有限公司(多倫多證券交易所股票代碼:SCZ)(“本公司”或“Santacruz”)報告其2022年第三季度(“Q3”)的財務和經營業績。財務報表的完整版本以及隨附的管理層討論和分析可在公司網站上查看,或在SEDAR上查看。除另有説明外,所有財務信息均根據國際財務報告準則(“IFRS”)編制,除單位金額外,所有美元金額均以千美元表示。
- Quarterly revenues increased 501% to $87.7 million during Q3 2022 (Q3 2021: $14.6 million);
- Gross profit decreased 260% to a loss of $5.8 million during Q3 2022 (Q3 2021: profit $3.7 million), mainly due to an increase in depreciation and depletion charges at the Zimapan Mine of $3.4 million together with certain one-time accounting adjustments to cost of sales at the Bolivian operations in the amount of $3.4 combined with a reduction of the Average Realized Price per Ounce of Silver Equivalent of 18%;
- Cash costs were $17.89 per AgEq ounce and All-In Sustaining Costs ("AISC") (see "Non-GAAP Financial Measures", below) were $19.92 per AgEq ounce representing a decrease of 1% and 9%, respectively, compared to Q3 2021;
- Adjusted EBITDA increased 81% to $2.3 million during Q3 2022 (Q3 2021: $1.3 million)
- As a subsequent event, the Company has finalized the working capital adjustments estimates and paid Glencore the up-front Consideration Payment related to the Share Purchase Agreement for $2.1 million (please refer to press release dated March 21st, 2022);
- At the end of the quarter, the Company had cash and cash equivalents of $4.8 million, in addition to this, the Company has the ability to access a $10 million credit facility with Glencore and a $25 million short term bond program in the Bolivian Security Markets.
- 2022年第三季度收入增長501%,達到8770萬美元(2021年第三季度:1460萬美元);
- 於2022年第三季度毛利下降260%至虧損580萬美元(2021年第三季度:盈利370萬美元),主要是由於Zimapan礦折舊和損耗費用增加340萬美元,以及玻利維亞業務銷售成本的某些一次性會計調整3.4美元,以及每盎司白銀平均實現價格下降18%;
- 現金成本為每AgEq盎司17.89美元,綜合維持成本(AISC)為每AgEq盎司19.92美元(見下文“非公認會計準則財務指標”),分別比2021年第三季度下降1%和9%;
- 2022年第三季度,調整後的EBITDA增長了81%,達到230萬美元(2021年第三季度:130萬美元)
- 作為後續事項,本公司已敲定營運資金調整估計,並向Glencore支付與購股協議有關的預付代價210萬美元(請參閲日期為3月21日的新聞稿ST, 2022);
- 本季度末,公司擁有480萬美元的現金和現金等價物,除此之外,公司還能夠在Glencore獲得1000萬美元的信貸安排,以及在玻利維亞證券市場獲得2500萬美元的短期債券計劃。
Carlos Silva, CEO of Santacruz, stated; "For the three months ended September 30, 2022 the Company recorded a net loss of $9.9 million (2021: net loss of $3.8). These results were due in part to a $3.4 million increase in deprecation and depletion at the Zimapan Mine combined with a certain one-time charges recorded to cost of sales and operating expenses in Bolivia, including the following adjustments: (i) $1.9 million related to salaries and benefits; (ii) $1.5 million related to professional services; and, (iii) $1.4 million related to inventory cost adjustment, as wellas a reduction in revenues attributed to lower realized silver prices.
Santacruz首席執行官卡洛斯·席爾瓦表示:“截至2022年9月30日的三個月,公司錄得淨虧損990萬美元(2021年:淨虧損380萬美元)。該等業績部分是由於Zimapan礦的損耗及損耗增加340萬美元,加上計入玻利維亞銷售成本及營運開支的若干一次性費用,包括以下調整:(I)與薪金及福利有關的190萬美元;(Ii)與專業服務有關的150萬美元;及(Iii)與庫存成本調整有關的140萬美元,以及因實現白銀價格下降而導致的收入減少。
Arturo Prestamo, Executive Chairman and Interim CFO of Santacruz, stated: "It is important to note that of the consideration payable to Glencore of $73.3 million, for its current portion, $43.6 million and $5.05 million are dependent on the collection of the VAT from the Bolivian Government and from the sales proceeds of the inventory held on the transaction date, respectively. In addition to these and as a subsequent event, the Company has already paid $2.1 million of the cash consideration. Accordingly, the non-dependent current Consideration payable to Glencore is reduced to $22.5 million. The next payment is scheduled to happen on March 2023."
Santacruz執行主席兼臨時首席財務官Arturo Prestao表示:“值得注意的是,在應付Glencore的7,330萬美元的當前部分代價中,4,360萬美元和5,05萬美元分別取決於向玻利維亞政府徵收增值税和從交易日持有的庫存的銷售收益中收取增值税。除此之外,作為後續活動,該公司已經支付了210萬美元的現金對價。因此,應付予Glencore的非獨立當前代價減至22,500,000美元。下一次付款計劃在2023年3月進行。
Selected consolidated financial and operating information for the three and nine months ended September 30, 2022 and 2021 is presented below. The Sinchi Wayra and Illapa Business results have been consolidated from March 18, 2022.
以下是截至2022年9月30日和2021年9月30日的三個月和九個月的精選綜合財務和運營信息。自2022年3月18日起,Sinchi Wayra和Illapa的業務業績已合併。
(Expressed in thousands of US Dollars, except where noted) |
Three months ended September 30, |
Variance % |
Nine months ended September 30, |
Variance % |
|||||||
2022 | 2021 | 2022 | 2021 | ||||||||
Financial | |||||||||||
Revenue | 87,732 | 14,601 | 501% | 355,771 | 39,513 | 800% | |||||
Gross Profit | (5,843) | 3,656 | (206%) | 51,985 | 9,677 | 437% | |||||
Net Income (Loss) | (9,887) | (3,849) | 157% | 3,769 | (1,115) | (438%) | |||||
Net Income per Share - Basic ($/share) | (0.03) | (0.01) | 190% | 0.01 | 0.00 | 0% | |||||
Adjusted EBITDA (1) | 2,281 | 1,263 | 81% | 48,993 | 5,182 | 845% | |||||
Operating | |||||||||||
Material Processed (tonnes milled) | 500.956 | 188,947 | 165% | 1,163,645 | 537,510 | 116% | |||||
Silver Equivalent Produced (ounces) (1) (2) | 4,850.949 | 872,913 | 456% | 10,288,866 | 2,378,948 | 332% | |||||
Silver Equivalent Sold (payable ounces) (1) (3) | 4.940.082 | 839,929 | 488% | 16,768,464 | 2,124,817 | 689% | |||||
Cash Cost of Production per Tonne ($/t) (1) | 69.56 | 55.33 | 26% | 67.74 | 53.64 | 26% | |||||
Cash Cost per Silver Equivalent Ounce Sold ($/oz) (1) | 17.89 | 18.04 | (1%) | 17.74 | 19.34 | (8%) | |||||
All-in Sustaining Cash Cost per Silver Equivalent Ounce Sold ($/oz) (1) | 19.92 | 21.91 | (9%) | 19.18 | 23.02 | (17%) | |||||
Average Realized Price per Ounce of Silver Equivalent Sold ($/oz) (1) (4) | 18.81 | 22.81 | (18%) | 22.14 | 24.37 | (9%) |
(除特別註明外,以千美元表示) |
截至三個月 9月30日, |
差異% |
截至9月30日的9個月, |
差異% |
|||||||
2022 | 2021 | 2022 | 2021 | ||||||||
金融 | |||||||||||
收入 | 87,732 | 14,601 | 501% | 355,771 | 39,513 | 800% | |||||
毛利 | (5,843) | 3,656 | (206%) | 51,985 | 9,677 | 437% | |||||
淨收益(虧損) | (9,887) | (3,849) | 157% | 3,769 | (1,115) | (438%) | |||||
每股淨收益-基本(美元/股) | (0.03) | (0.01) | 190% | 0.01 | 0.00 | 0% | |||||
調整後的EBITDA(1) | 2,281 | 1,263 | 81% | 48,993 | 5,182 | 845% | |||||
運營中 | |||||||||||
已加工材料(噸) | 500.956 | 188,947 | 165% | 1,163,645 | 537,510 | 116% | |||||
生產的銀當量(盎司)(1) (2) | 4,850.949 | 872,913 | 456% | 10,288,866 | 2,378,948 | 332% | |||||
售出的銀當量(應付盎司)(1) (3) | 4.940.082 | 839,929 | 488% | 16,768,464 | 2,124,817 | 689% | |||||
每噸現金生產成本(美元/噸)(1) | 69.56 | 55.33 | 26% | 67.74 | 53.64 | 26% | |||||
每售出銀當量盎司的現金成本(美元/盎司)(1) | 17.89 | 18.04 | (1%) | 17.74 | 19.34 | (8%) | |||||
每售出銀當量盎司的全部持續現金成本(美元/盎司)(1) | 19.92 | 21.91 | (9%) | 19.18 | 23.02 | (17%) | |||||
每盎司銀當量售出的平均實現價格(美元/盎司)(1) (4) | 18.81 | 22.81 | (18%) | 22.14 | 24.37 | (9%) |
(1) The Company reports non-IFRS measures, which include Adjusted EBITDA, Cash Cost of Production per Tonne, Cash Cost per Silver Equivalent Ounce Sold, All-in Sustaining Cash Cost per Silver Equivalent Ounce Sold, Average Realized Price per Ounce of Silver Equivalent Sold. These measures are widely used in the mining industry as a benchmark for performance, but does not have a standardized meaning and may differ from methods used by other companies with similar descriptions. Refer to the "Non-IFRS Measures" section in Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") for definitions and a reconciliation of Adjusted EBITDA to the annual and quarterly financial statements.
(2) Silver Equivalent Produced (ounces) in 2022 have been calculated using prices of $25.60/oz., $0.94/lb., $1.20/lb. and $4.01/lb. for silver, lead, zinc and copper respectively applied to the metal production divided by the silver price plus the respective concentrate produced by the Zimapan Mine, Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines multiplied by the respective silver content. Silver Equivalent Produced (ounces) in 2021 have been calculated using prices of $25.00/oz, $0.85/lb, $1.05/lb and $3.00/lb for silver, lead, zinc and copper respectively applied to the metal production divided by the silver price plus the respective concentrate produced by the Zimapan Mine and the Rosario Project, multiplied by the respective silver content.
(3) Silver Equivalent Sold (payable ounces) have been calculated using the Average Realized Price per Ounce of Silver Equivalent Sold stated in the table above, applied to the payable metal content of the concentrates sold from the Zimapan Mine, the Bolivaor, Porco, Tres Amigos, Reserva and Colquechaquita Mines in 2022 and the Zimapan Mine and Rosario Project in 2021.
(4) Average Realized Price per Ounce of Silver Equivalent Sold is prior to all treatment, smelting and refining charges.
(1)本公司報告非國際財務報告準則的衡量標準,其中包括調整後的EBITDA、每噸生產的現金成本、每售出銀當量盎司的現金成本、每售出銀當量盎司的全部維持現金成本、每盎司銀當量售出的平均實現價格。這些措施在採礦業被廣泛用作業績基準,但沒有標準化的含義,可能與其他具有類似描述的公司使用的方法不同。有關調整後EBITDA與年度和季度財務報表的定義和對賬,請參閲管理層財務狀況和經營成果討論與分析(“MD&A”)中的“非國際財務報告準則計量”部分。
(2)2022年生產的銀當量(盎司)是使用25.60美元/盎司、0.94美元/磅、1.20美元/磅的價格計算的。和4.01美元/磅。至於銀、鉛、鋅及銅,則分別應用於金屬產量除以銀價加上Zimapan礦、玻利瓦爾、波爾科、Tres Amigos、Reserve va及Colquechaquita礦生產的各自精礦乘以各自的含銀量。2021年生產的銀當量(盎司)已按適用於金屬產量的銀、鉛、鋅和銅的價格分別為25.00美元/盎司、0.85美元/磅、1.05美元/磅和3.00美元/磅計算,除以齊馬潘礦和羅薩裏奧項目生產的白銀價格加上各自的精礦,再乘以各自的銀含量。(3)已售出銀當量(應付盎司)乃按上表所述每盎司已售出銀當量的平均實現價格計算,適用於Zimapan礦、玻利瓦爾、Porco、Tres Amigos、Reserve va及Colquechaquita礦於2022年及Zimapan礦及Rosario項目於2021年出售的精礦的應付金屬含量。
(4)已售出的每盎司銀當量的平均實現價格是在所有處理、冶煉和精煉費用之前。
Discussion of Consolidated Financial Results
關於合併財務業績的探討
As compared to the three months ended September 30, 2021, the Company recorded a net loss of $9,887 (net loss: $3,849) and as compared to the nine months ended September 30, 2021, a net profit of $3,769 (net loss: $1,115). Net loss for the three months ended September 30, 2022, was impacted by increased cost of sales as a result of an increase of $2,267 in accrued liabilities and $16,822 in non-current provision payable to employees of the Sinchi Wayra and Illapa Business in the event that employment is terminated, and a reduction in realised silver price.
與截至2021年9月30日的三個月相比,公司錄得淨虧損9,887美元(淨虧損:3,849美元),與截至2021年9月30日的9個月相比,淨利潤為3,769美元(淨虧損:1,115美元)。截至2022年9月30日止三個月的淨虧損是由於應計負債增加2,267美元及在僱傭終止時支付給Sinchi Wayra和Illapa業務員工的非流動準備金增加16,822美元而導致銷售成本增加,以及已實現白銀價格下降。
As compared to the three months ended September 30, 2021, revenues were $87,732 ($14,601), mining operation cash costs of sales were $83,212 ($10,602) and depletion and amortization expenses were $10,363 ($343) resulting in a gross loss of $5,843 (profit: $3,656).
與截至2021年9月30日的三個月相比,收入為87,732美元(14,601美元),採礦運營銷售現金成本為83,212美元(10,602美元),損耗和攤銷費用為10,363美元(343美元),導致總虧損5,843美元(利潤:3,656美元)。
Operating Results
經營業績
Selected operating results for the Sinchi Wayra and Illapa Business, Zimapan Mine and Rosario Project for the three and nine months ended September 30, 2022 and 2021 is presented below:
截至2022年和2021年9月30日的三個月和九個月,Sinchi Wayra和Illapa Business、Zimapan礦和Rosario項目的部分運營結果如下:
Three months ended September 30, | Variance % | Nine months ended September 30, | Variance % | |||
2022 | 2021 | 2022 | 2021 | |||
Material Processed (tonnes milled) | ||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 285,191 | - | 0% | 556,453 | - | 0% |
Zimapan Mine (Mexico) | 215,765 | 186,642 | 16% | 607,192 | 498,481 | 22% |
Rosario Project (Mexico) (5) | - | 2,306 | (100%) | - | 39,029 | (100%) |
Consolidated | 500,956 | 188,947 | 165% | 1,163,645 | 537,510 | 116% |
Silver Equivalent Produced (ounces) (1) | ||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 3,862,342 | - | 0% | 7,484,550 | - | 0% |
Zimapan Mine (Mexico) | 988,608 | 867,215 | 14% | 2,804,316 | 2,271,237 | 23% |
Rosario Project (Mexico) (5) | - | 5,698 | (100%) | - | 107,711 | (100%) |
Consolidated | 4,850,949 | 872,913 | 456% | 10,288,866 | 2,378,948 | 332% |
Silver Equivalent Sold (payable ounces) (2) | ||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 3,886,460 | - | 0% | 13,946,159 | - | 0% |
Zimapan Mine (Mexico) | 1,053,622 | 829,164 | 27% | 2,822,306 | 2,041,204 | 38% |
Rosario Project (Mexico) (5) | - | 10,765 | (100%) | - | 83,613 | (100%) |
Consolidated | 4,940,082 | 839,929 | 488% | 16,768,464 | 2,124,817 | 689% |
Cash Cost of Production per Tonne (3) | ||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 89.42 | - | 0% | 90.31 | - | 0% |
Zimapan Mine (Mexico) | 43.31 | 53.88 | (20%) | 47.10 | 52.37 | (10%) |
Rosario Project (Mexico) (5) | - | 173.04 | (100%) | - | 69.85 | (100%) |
Consolidated | 69.56 | 55.33 | 26% | 67.74 | 53.64 | 26% |
Cash Cost per Silver Equivalent Ounce Sold (3) | ||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 18.87 | - | 0% | 18.15 | - | 0% |
Zimapan Mine (Mexico) | 14.30 | 17.72 | (19%) | 15.75 | 18.53 | (15%) |
Rosario Project (Mexico) (5) | - | 42.80 | (100%) | - | 39.26 | (100%) |
Consolidated | 17.89 | 18.04 | (1%) | 17.74 | 19.34 | (8%) |
All-in Sustaining Cash Cost per Silver Equivalent Ounce Sold (3) | ||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 20.61 | - | 0% | 19.14 | - | 0% |
Zimapan Mine (Mexico) | 17.19 | 21.33 | (19%) | 18.64 | 21.25 | (12%) |
Rosario Project (Mexico) (5) | - | 67.26 | (100%) | - | 66.28 | 0% |
Consolidated | 19.92 | 21.91 | (9%) | 19.18 | 23.02 | (17%) |
Average Realized Price per Ounce of Silver Equivalent Sold (3) (4) |
||||||
Sinchi Wayra and Illapa Business (Bolivia) (6) | 18.81 | - | 0% | 22.42 | - | 0% |
Zimapan Mine (Mexico) | 18.50 | 22.81 | (19%) | 20.70 | 24.35 | (15%) |
Rosario Project (Mexico) (5) | - | 22.47 | (100%) | - | 24.92 | 0% |
Consolidated | 18.81 | 22.81 | (18%) | 22.14 | 24.37 | (9%) |
截至9月30日的三個月, | 差異% | 截至9月30日的9個月, | 差異% | |||
2022 | 2021 | 2022 | 2021 | |||
已加工材料(噸) | ||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 285,191 | - | 0% | 556,453 | - | 0% |
澤馬潘礦(墨西哥) | 215,765 | 186,642 | 16% | 607,192 | 498,481 | 22% |
羅薩裏奧項目(墨西哥)(5) | - | 2,306 | (100%) | - | 39,029 | (100%) |
已整合 | 500,956 | 188,947 | 165% | 1,163,645 | 537,510 | 116% |
生產的銀當量(盎司)(1) | ||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 3,862,342 | - | 0% | 7,484,550 | - | 0% |
澤馬潘礦(墨西哥) | 988,608 | 867,215 | 14% | 2,804,316 | 2,271,237 | 23% |
羅薩裏奧項目(墨西哥)(5) | - | 5,698 | (100%) | - | 107,711 | (100%) |
已整合 | 4,850,949 | 872,913 | 456% | 10,288,866 | 2,378,948 | 332% |
售出的銀當量(應付盎司)(2) | ||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 3,886,460 | - | 0% | 13,946,159 | - | 0% |
澤馬潘礦(墨西哥) | 1,053,622 | 829,164 | 27% | 2,822,306 | 2,041,204 | 38% |
羅薩裏奧項目(墨西哥)(5) | - | 10,765 | (100%) | - | 83,613 | (100%) |
已整合 | 4,940,082 | 839,929 | 488% | 16,768,464 | 2,124,817 | 689% |
每噸現金生產成本(3) | ||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 89.42 | - | 0% | 90.31 | - | 0% |
澤馬潘礦(墨西哥) | 43.31 | 53.88 | (20%) | 47.10 | 52.37 | (10%) |
羅薩裏奧項目(墨西哥)(5) | - | 173.04 | (100%) | - | 69.85 | (100%) |
已整合 | 69.56 | 55.33 | 26% | 67.74 | 53.64 | 26% |
每售出銀當量盎司的現金成本(3) | ||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 18.87 | - | 0% | 18.15 | - | 0% |
澤馬潘礦(墨西哥) | 14.30 | 17.72 | (19%) | 15.75 | 18.53 | (15%) |
羅薩裏奧項目(墨西哥)(5) | - | 42.80 | (100%) | - | 39.26 | (100%) |
已整合 | 17.89 | 18.04 | (1%) | 17.74 | 19.34 | (8%) |
每售出銀當量盎司的全額維持現金成本(3) | ||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 20.61 | - | 0% | 19.14 | - | 0% |
澤馬潘礦(墨西哥) | 17.19 | 21.33 | (19%) | 18.64 | 21.25 | (12%) |
羅薩裏奧項目(墨西哥)(5) | - | 67.26 | (100%) | - | 66.28 | 0% |
已整合 | 19.92 | 21.91 | (9%) | 19.18 | 23.02 | (17%) |
每盎司銀當量售出的平均實現價格 (3) (4) |
||||||
Sinchi Wayra和Illapa Business(玻利維亞)(6) | 18.81 | - | 0% | 22.42 | - | 0% |
澤馬潘礦(墨西哥) | 18.50 | 22.81 | (19%) | 20.70 | 24.35 | (15%) |
羅薩裏奧項目(墨西哥)(5) | - | 22.47 | (100%) | - | 24.92 | 0% |
已整合 | 18.81 | 22.81 | (18%) | 22.14 | 24.37 | (9%) |
(1) Silver Equivalent Produced (ounces) in 2022 have been calculated using prices of $25.60/oz, $0.94/lb, $1.20/lb and $4.01/lb for silver, lead, zinc and copper respectively applied to the metal production divided by the silver price plus the respective concentrate produced by the Zimapan Mine, the Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines multiplied by the respective silver content. Silver Equivalent Produced (ounces) in 2021 have been calculated using prices of $25.00/oz, $1,925.00/oz, $0.85/lb, $1.05/lb and $3.00/lb for silver, gold, lead, zinc and copper respectively applied to the metal production divided by the silver price plus the respective concentrate produced by the Zimapan Mine and the Rosario Project, multiplied by the respective silver content.
(2) Silver Equivalent Sold (payable ounces) have been calculated using the Average Realized Price per Ounce of Silver Equivalent Sold stated in the table above, applied to the payable metal content of the concentrates sold from the Zimapan Mine the Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines in 2022 and the Zimapan Mine and Rosario Project in 2021.
(3) The Company reports non-IFRS measures, which include Cash Cost of Production per Tonne, Cash Cost per Silver Equivalent Ounce Sold, All-in Sustaining Cash Cost per Silver Equivalent Ounce Sold and Average Realized Price per Ounce of Silver Equivalent Sold. These measures are widely used in the mining industry as a benchmark for performance, but do not have a standardized meaning and may differ from methods used by other companies with similar descriptions. See ''Non-IFRS Measures'' section below for definitions.
(4) Average Realized Price per Ounce of Silver Equivalent Sold is prior to all treatment, smelting and refining charges.
(5) Operations at the Rosario Project were suspended with no production from August 2021, hence the variance is of limited value.
(6) On March 18, 2022, the Company acquired the Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines, hence the variance is of limited value.
(1)2022年生產的銀當量(盎司)是按金屬產量計算的銀、鉛、鋅和銅的價格分別為25.60美元/盎司、0.94美元/磅、1.20美元/磅和4.01美元/磅,除以齊馬潘礦、玻利瓦爾礦、波爾科礦、特雷斯阿米戈斯礦、Reserve va礦和Colquechaquita礦生產的各自的精礦乘以各自的銀含量。於二零二一年生產的銀當量(盎司)已按適用於金屬生產的銀、金、鉛、鋅及銅的價格分別為每盎司25.00美元、1,925.00美元、0.85美元、1.05美元及3.00美元計算,除以由Zimapan礦及Rosario項目生產的銀價加各自生產的精礦,再乘以各自的含銀量。
(2)已售出的銀當量(應付盎司)按上表所述的每盎司已售出銀當量的平均實現價格計算,適用於Zimapan礦於2022年出售的玻利瓦爾、Porco、Tres Amigos、Reserve va及Colquechaquita礦及2021年Zimapan礦及Rosario項目出售的精礦的應付金屬含量。
(3)本公司報告非國際財務報告準則計量,其中包括每噸生產的現金成本、每銷售銀當量盎司的現金成本、每銷售銀當量盎司的全部維持現金成本和每盎司銀當量銷售的平均實現價格。這些措施在採礦業被廣泛用作業績基準,但沒有標準化的含義,可能與其他具有類似描述的公司使用的方法不同。見下文“非國際財務報告準則計量”一節的定義。
(4)已售出的每盎司銀當量的平均實現價格是在所有處理、冶煉和精煉費用之前。
(5)羅薩裏奧項目的運營從2021年8月起暫停,沒有生產,因此差異的價值有限。
(6)本公司於2022年3月18日收購玻利瓦爾、Porco、Tres Amigos、Reserve va及Colquechaquita礦,因此差異價值有限。
Discussion of Operating Results and Costs
關於經營結果和成本的討論
Consolidated Q3 2022
2022年第三季度合併
Consolidated silver equivalent production increased 456% in Q3 2022 to 4,850,949 ounces as compared to 872,913 during Q3 2021. This increase is largely due to production from Bolivian operations acquired in March 2022, a 14% increase in silver equivalent production from the Zimapan Mine offset by no production from the Rosario Project following suspension of operations in August 2021.
與2021年第三季度的872,913盎司相比,2022年第三季度的綜合銀當量產量增加了456%,達到4,850,949盎司。這一增長主要是由於2022年3月收購的玻利維亞業務的產量,Zimapan礦的銀當量產量增加了14%,但Rosario項目在2021年8月暫停運營後沒有生產,抵消了這一增長。
Consolidated cash cost of production per tonne of mineralized material processed increased 26% in Q3 2022 to $69.56/t as compared to $55.33/t in Q3 2021. This change reflects the higher unit costs at the Bolivian operations ($89.42/t) compared to the Q3 2021 consolidated unit costs, a 20% decrease in unit costs at the Zimapan Mine and no unit costs for the Rosario Project in Q3 2022 following suspension of operations in August 2021. The Zimapan Mine cash cost of production decreased 7% to $9,345, despite a 16% increase in tonnes milled.
與2021年第三季度的55.33美元/噸相比,2022年第三季度處理的每噸礦化材料的綜合現金生產成本上升26%至69.56美元/噸。這一變化反映了玻利維亞業務的單位成本(89.42美元/噸)高於2021年第三季度的合併單位成本,Zimapan礦的單位成本下降了20%,Rosario項目在2021年8月暫停運營後,2022年第三季度沒有單位成本。Zimapan礦的現金生產成本下降7%至9,345美元,儘管磨礦噸增加了16%。
Consolidated cash cost per silver equivalent ounce sold decreased 1% in Q3 2022 to $17.89/oz as compared to $18.04/oz in Q3 2021. This change reflects the higher unit costs at the Bolivian operations ($18.87/oz) compared to the Q3 2021 consolidated unit costs, a 19% decrease in the unit costs at the Zimapan Mine and no unit costs for the Rosario Project in Q3 2022 following suspension of operations in August 2021.
與2021年第三季度的18.04美元/盎司相比,2022年第三季度銷售的每盎司白銀的綜合現金成本下降1%至17.89美元/盎司。這一變化反映了玻利維亞業務的單位成本(18.87美元/盎司)高於2021年第三季度合併單位成本、Zimapan礦的單位成本下降19%以及Rosario項目在2021年8月暫停運營後於2022年第三季度沒有單位成本。
Consolidated cash costs increased 483% in Q3 2022 to $88,385 as compared to $15,156 in Q3 2021, reflecting a 3% increase in cash costs at the Zimapan Mine, cash costs at the Bolivian operations of $73,319 and no cash costs for the Rosario Project in Q3 2022 following suspension of operations in August 2021. Increased costs at the Zimapan Mine were offset by a 27% increase in silver equivalent ounces sold at the Zimapan Mine.
綜合現金成本於2022年第三季度較2021年第三季度的15,156美元增加483%至88,385美元,反映Zimapan礦的現金成本增加3%,玻利維亞業務的現金成本73,319美元,以及Rosario項目在2021年8月暫停運營後於2022年第三季度沒有現金成本。Zimapan礦增加的成本被Zimapan礦銷售的銀當量盎司增加27%所抵消。
Consolidated AISC per silver equivalent ounce sold decreased 9% in Q3 2022 to $19.92/oz as compared to $21.91/oz in Q3 2021. This change reflects the lower unit costs at Bolivian operations ($20.61/oz) compared to the Q3 2021 consolidated unit costs, a 19% decrease in the unit costs at the Zimapan Mine and no unit costs for the Rosario Project in Q3 2022 following suspension of operations in August 2021. Consolidated AISC increased 435% in Q3 2022 to $98,417 as compared to $18,406 in Q3 2021, reflecting a 2% increase in AISC at the Zimapan Mine, AISC at the Bolivian operations of $80,098 and no cash costs for the Rosario Project in Q3 2022 following suspension of operations in August 2021. Increased costs at the Zimapan Mine were offset by a 27% increase in silver equivalent ounces sold at the Zimapan Mine.
與2021年第三季度的21.91美元/盎司相比,AISC於2022年第三季度的每盎司白銀綜合售價下降9%至19.92美元/盎司。這一變化反映了玻利維亞業務的單位成本(20.61美元/盎司)低於2021年第三季度合併單位成本、Zimapan礦的單位成本下降19%以及Rosario項目在2021年8月暫停運營後於2022年第三季度沒有單位成本。綜合AISC於2022年第三季度較2021年第三季度的18,406美元增加435%至98,417美元,反映Zimapan礦的AISC增加2%,玻利維亞業務的AISC增加80,098美元,以及Rosario項目在2021年8月暫停運營後於2022年第三季度沒有現金成本。Zimapan礦增加的成本被Zimapan礦銷售的銀當量盎司增加27%所抵消。
Consolidated Nine Months Ended September 30, 2022
截至2022年9月30日的9個月合併
Consolidated cash cost of production per tonne of mineralized material processed increased 26% in YTD 2022 to $67.74/t as compared to $53.64/t in YTD 2021. This change reflects the higher unit costs at Bolivian operations ($90.31/t) compared to the YTD 2021 consolidated unit costs, a 10% decrease in unit costs at the Zimapan Mine and no unit costs for the Rosario Project in YTD 2022 following suspension of operations in August 2021. The Zimapan Mine cash cost of production increased 10% to $28,597, which was offset in part by a 22% increase in tonnes milled.
於2022年,每噸已處理礦化材料的綜合現金生產成本上升26%至67.74美元/噸,較2021年的53.64美元/噸上升26%。這一變化反映了玻利維亞業務的單位成本(90.31美元/噸)高於2021年合併單位成本,Zimapan礦的單位成本下降了10%,Rosario項目在2021年8月暫停運營後,2022年的單位成本沒有單位成本。Zimapan礦的現金生產成本增加10%至28,597美元,部分被磨礦噸增加22%所抵銷。
Consolidated cash cost per silver equivalent ounce sold decreased 8% in YTD 2022 to $17.74/oz as compared to $19.34/oz in YTD 2021. This change reflects the higher unit costs at the Bolivian operations ($18.15/oz) compared to the YTD 2021 consolidated unit costs, a 15% decrease in the unit costs at the Zimapan Mine and no unit costs for the Rosario Project in YTD 2022 following suspension of operations in August 2021.
與2021年的19.34美元/盎司相比,2022年銷售的每盎司白銀的綜合現金成本下降8%至17.74美元/盎司。這一變化反映了玻利維亞業務的單位成本(18.15美元/盎司)高於2021年合併單位成本,Zimapan礦的單位成本下降了15%,Rosario項目在2021年8月暫停運營後,2022年的單位成本沒有單位成本。
Consolidated cash costs increased 624% in YTD 2022 to $297,522 as compared to $41,097 in YTD 2021, reflecting an 18% increase in cash costs at the Zimapan Mine, cash costs at the Bolivian operations of $253,062 and no cash costs for the Rosario Project in YTD 2022 following suspension of operations in August 2021. Increased costs at the Zimapan Mine were offset by a 38% increase in silver equivalent ounces sold at the Zimapan Mine.
綜合現金成本於二零二二年年度上升624%至297,522美元,較二零二一年年度的41,097美元上升,反映Zimapan礦的現金成本增加18%,玻利維亞業務的現金成本增加253,062美元,而Rosario項目在二零二一年八月暫停營運後,於二零二二年年度無現金成本。Zimapan礦增加的成本被Zimapan礦銷售的銀當量盎司增加38%所抵消。
Consolidated AISC per silver equivalent ounce sold decreased 17% in YTD 2022 to $19.18/oz as compared to $23.02/oz in YTD 2021. This change reflects the lower unit costs at the Bolivian operations ($19.14/oz) compared to the YTD 2021 consolidated unit costs, a 12% decrease in unit costs at the Zimapan Mine and no unit costs for the Rosario Project in YTD 2021 following suspension of operations in August 2021. Consolidated AISC increased 557% in YTD 2022 to $321,582 as compared to $48,919 in YTD 2021, reflecting a 21% increase in AISC at the Zimapan Mine, AISC at the Bolivian operations of $266,997 and no cash costs for the Rosario Project in YTD 2022 following suspension of operations in August 2021. Increased costs at the Zimapan Mine were offset by a 38% increase in silver equivalent ounces sold at the Zimapan Mine.
與2021年銷售的23.02美元/盎司相比,2022年銷售的每盎司白銀的綜合AISC下降17%至19.18美元/盎司。這一變化反映了玻利維亞業務的單位成本(19.14美元/盎司)低於2021年合併單位成本,Zimapan礦的單位成本下降了12%,Rosario項目在2021年8月暫停運營後,2021年年初沒有單位成本。綜合AISC於二零二二年年度增加557%至321,582美元,較二零二一年年度的48,919美元增加,反映Zamapan礦的綜合AISC增加21%,玻利維亞業務的AISC增加266,997美元,而Rosario項目在二零二一年八月暫停營運後,於二零二二年年初無現金成本。Zimapan礦增加的成本被Zimapan礦銷售的銀當量盎司增加38%所抵消。
Sinchi Wayra and Illapa Business (Bolivia)
Sinchi Wayra和Illapa Business(玻利維亞)
On March 18, 2022, the Company acquired the Sinchi Wayra and Illapa Business from Glencore. As a result, no comparative analysis of Q3 2022 to Q3 2021 or YTD 2022 to YTD 2021 is provided.
2022年3月18日,本公司從Glencore手中收購了Sinchi Wayra和Illapa業務。因此,沒有提供2022年第三季度至2021年第三季度或2022年至2021年年初的比較分析。
Production at the Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines are supported by NI 43-101 technical reports.
玻利瓦爾、波爾科、特雷斯-阿米戈斯、保留瓦和Colquechaquita礦的生產得到了NI 43-101技術報告的支持。
Zimapan Mine (Mexico)
澤馬潘礦(墨西哥)
Silver equivalent ounce production in Q3 2022 increased 14% to 988,608 ounces as compared to 867,215 ounces in Q3 2021. This increase is largely due to a 16% increase in mineralized material processed at the Zimapan milling facility and the impact of using different metal price decks for the 2022 and 2021 fiscal years. The Q3 2022 silver equivalent ounce production increased 4% (after adjusting for the metal price deck) as compared to Q3 2021.
與2021年第三季度的867,215盎司相比,2022年第三季度的白銀當量盎司產量增加了14%,達到988,608盎司。這一增長主要是由於Zimapan研磨設施處理的礦化材料增加了16%,以及2022財年和2021財年使用不同的金屬價格甲板的影響。與2021年第三季度相比,2022年第三季度的白銀當量盎司產量(經金屬價格調整後)增加了4%。
Silver equivalent ounce production in YTD 2022 increased 23% to 2,804,316 ounces as compared to 2,271,237 ounces in YTD 2021. This increase is largely due to a 22% increase in mineralized material processed at the Zimapan milling facility and the impact of using different metal price decks for the 2022 and 2021 fiscal years. The YTD 2022 silver equivalent ounce production increased 12% (after adjusting for the metal price deck) as compared to YTD 2021.
與2021年的2,271,237盎司相比,2022年的銀當量產量增加23%至2,804,316盎司。這一增長主要是由於Zimapan研磨設施處理的礦化材料增加了22%,以及2022財年和2021財年使用不同的金屬價格甲板的影響。與2021年相比,2022年白銀當量盎司產量(經金屬價格調整後)增長12%。
Cash cost of production per tonne of mineralized material processed decreased 20% in Q3 2022 to $43.31/t as compared to $53.88/t in Q3 2021 reflecting a 3% increase in cash costs of production offset by the aforementioned 16% increase in mineralized material processed.
與2021年第三季度的53.88美元/噸相比,2022年第三季度處理的每噸礦化材料的現金生產成本下降20%至43.31美元/噸,反映生產現金成本增加3%被上述處理的礦化材料增加16%所抵消。
Cash cost of production per tonne of mineralized material processed decreased 10% in YTD 2022 to $47.10/t as compared to $52.37/t in YTD 2021 reflecting an 18% increase in cash costs of production offset by the aforementioned 22% increase in mineralized material processed.
與2021年的52.37美元/噸相比,2022年每噸處理礦化材料的現金生產成本下降10%至47.10美元/噸,反映生產現金成本增加18%被上述礦化材料處理成本增加22%所抵銷。
AISC per silver equivalent ounce sold decreased 19% in Q3 2022 to $17.19/oz as compared to $21.33/oz in Q3 2021 reflecting a 2% increase in AISC, which was offset by the aforementioned 27% increase in silver equivalent ounces sold.
與2021年第三季度的21.33美元/盎司相比,2022年第三季度銷售的每盎司白銀價格下降19%,至17.19美元/盎司,反映出AISC價格上升2%,但上述銀當量盎司銷售額增加27%抵消了這一降幅。
AISC per silver equivalent ounce sold decreased 12% in YTD 2022 to $18.64/oz as compared to $21.25/oz in YTD 2021 reflecting a 21% increase in AISC, which was offset by the aforementioned 38% increase in silver equivalent ounces sold.
AISC於2022年銷售的每盎司銀價較2021年的每盎司21.25美元下跌12%至18.64美元/盎司,反映AISC上升21%,但上述銀等量盎司的增長38%抵銷了AISC的升幅。
Production at the Zimapan Mine is not supported by a feasibility study on mineral reserves demonstrating economic and technical viability or any other independent economic study under NI 43-101. Accordingly, there is increased uncertainty and economic and technical risks of failure associated with production operations at the Zimapan Mine. Production and economic variables may vary considerably due to the absence of a complete and detailed site analysis in accordance with NI 43-101.
根據NI 43-101進行的關於礦產儲量的可行性研究證明瞭經濟和技術上的可行性,或任何其他獨立的經濟研究都不支持Zimapan礦的生產。因此,與Zimapan礦的生產作業相關的不確定性以及失敗的經濟和技術風險增加。由於沒有根據NI 43-101進行完整和詳細的現場分析,生產和經濟變量可能會有很大差異。
Rosario Project (Mexico)
羅薩裏奧項目(墨西哥)
Operations at the Rosario Project were suspended in August 2021. As a result, no comparative analysis of Q3 2022 to Q3 2021 or YTD 2022 to YTD 2021 is provided.
羅薩裏奧項目於2021年8月暫停運營。因此,沒有提供2022年第三季度至2021年第三季度或2022年至2021年年初的比較分析。
About Santacruz Silver Mining Ltd.
關於桑塔克魯斯銀礦有限公司
The Company is engaged in the operation, acquisition, exploration and development of mineral properties in Latin America, with a primary focus on silver and zinc, but also including lead and copper. The Company currently has six producing projects, the Zimapan Mine, the Bolivar, Porco, Tres Amigos, Reserva and Colquechaquita Mines, holds two exploration properties in its mineral property portfolio, the La Pechuga Property and the Santa Gorgonia Prospect, and one development project, the Soracaya Project in addition to the San Lucas ore sourcing and trading business.
該公司在拉丁美洲從事礦產資源的運營、收購、勘探和開發,主要專注於銀和鋅,但也包括鉛和銅。該公司目前擁有6個生產項目,即Zimapan礦、玻利瓦爾礦、Porco礦、Tres Amigos礦、Reserve va礦和Colquechaquita礦,在其礦產資產組合中擁有兩個勘探項目La Pechuga Property和Santa Gorgonia Prospects,以及一個開發項目Soracaya項目以及聖盧卡斯的礦石採購和貿易業務。
'signed'
“已簽署”
Arturo Préstamo Elizondo,
Executive Chairman
阿圖羅·普雷斯塔莫·伊利桑多,
執行主席
For further information please contact:
欲瞭解更多信息,請聯繫:
Mars Investor Relations
Telephone: (778) 999 4653
scz@marsinvestorrelations.com
瑪氏投資者關係
電話:(778)999 4653
郵箱:scz@marsInvestorrelations.com
Arturo Préstamo Elizondo
Santacruz Silver Mining Ltd.
Email: info@santacruzsilver.com
Telephone: (604) 569-1609
阿圖羅·普雷斯塔莫·伊利桑多
聖塔克魯斯銀礦有限公司。
電子郵件:info@santacruzsilver.com
電話:(604)569-1609
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
Forward-looking information
前瞻性信息
Certain statements contained in this news release constitute "forward-looking information" as such term is used in applicable Canadian securities laws, including statements relating to production at the Zimapan Mine and the Company's plans to grow it.
本新聞稿中包含的某些陳述屬於“前瞻性信息”,因為這一術語在適用的加拿大證券法中使用,包括與Zimapan礦生產和公司擴大產量計劃有關的陳述。
Forward-looking information is based on plans, expectations and estimates of management at the date the information is provided and is subject to certain factors and assumptions. In making the forward-looking statements included in this news release, the Company has applied several material assumptions, including that the Company's financial condition and development plans do not change as a result of unforeseen events and that future metal prices and the demand and market outlook for metals will remain stable or improve. Forward-looking information is subject to a variety of risks and uncertainties and other factors that could cause plans, estimates and actual results to vary materially from those projected in such forward-looking information. Factors that could cause the forward-looking information in this news release to change or to be inaccurate include, but are not limited to: the risk that any of the assumptions referred to above prove not to be valid or reliable; market conditions and volatility and global economic conditions, including increased volatility and potentially negative capital raising conditions resulting from the continued, or escalation of the COVID-19 pandemic and risks relating to the extent and duration of such pandemic and its impact on global markets; controls or regulations and political or economic developments in Mexico and Bolivia; risk of delay and/or cessation in planned work or changes in the Company's financial condition and development plans; risks associated with the Company's plan to undertake certain post-closing reorganization steps in respect of the target entities; the uncertainty of the geology, grade and continuity of mineral deposits and the risk of unexpected variations in mineral resources, grade and/or recovery rates; risks related to gold, silver, base metal and other commodity price fluctuations; employee relations; relationships with and claims by local communities and indigenous populations; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licences and permits and the presence of laws and regulations that may impose restrictions on mining; risks relating to environmental regulation and liability; the possibility that results will not be consistent with the Company's expectations, as well as the other risks and uncertainties applicable to mineral exploration and development activities and to the Company as set forth in the Company's continuous disclosure filings filed under the Company's profile at .
前瞻性信息以提供信息之日管理層的計劃、預期和估計為基礎,並受某些因素和假設的制約。在做出包含在本新聞稿中的前瞻性陳述時,公司應用了幾個重大假設,包括公司的財務狀況和發展計劃不會因不可預見的事件而改變,以及未來的金屬價格以及金屬的需求和市場前景將保持穩定或改善。前瞻性信息受各種風險、不確定因素和其他因素的影響,這些因素可能導致計劃、估計和實際結果與這些前瞻性信息中預測的大不相同。可能導致本新聞稿中的前瞻性信息發生變化或不準確的因素包括但不限於:上述任何假設被證明無效或可靠的風險;市場狀況和波動以及全球經濟狀況,包括新冠肺炎疫情持續或升級導致的波動性增加和潛在的負面融資條件;與這種流行病的範圍和持續時間及其對全球市場的影響有關的風險;墨西哥和玻利維亞的控制或法規以及政治或經濟發展;計劃工作延遲和/或停止的風險或公司財務狀況和發展計劃的變化;與公司計劃對目標實體採取某些關閉後重組步驟有關的風險;礦牀的地質、品位和連續性的不確定性,以及礦產資源、品位和/或回收率發生意外變化的風險;與金、銀有關的風險, 這些風險包括:基本金屬和其他商品價格波動的風險;員工關係;與當地社區和土著居民的關係和索賠;與採礦投入和勞動力相關的可獲得性和增加的成本;礦產勘探和開發的投機性,包括獲得必要的許可證和許可證的風險,以及可能對採礦施加限制的法律法規的存在;與環境監管和責任有關的風險;結果與公司的預期不一致的可能性;以及適用於礦產勘探和開發活動以及公司在公司提交給公司的持續披露文件中陳述的其他風險和不確定性。
There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any undue reliance on forward-looking information or statements. The Company undertakes no obligation to update forward-looking information or statements, other than as required by applicable law.
不能保證任何前瞻性信息將被證明是準確的,因為實際結果和未來事件可能與此類陳述中預期的大不相同。因此,讀者不應過分依賴前瞻性信息或陳述。除適用法律要求外,公司不承擔更新前瞻性信息或陳述的義務。
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要查看本新聞稿的源版本,請訪問