Santacruz Silver Announces Payment to Glencore of USD 7.5 Million Under Acceleration Plan

Published: 2025-07-07 10:06:00 ET SCZ.V

Published on 07/07/2025 at 10:06

Santacruz Silver Mining Ltd. announced that it has made the third payment of $7.5 million to Glencore as part of the Company's previously announced plan to exercise its Acceleration Option and satisfy the Base Purchase Price related to the Bolivian assets acquisition. This third payment of USD 7.5 million follows the initial USD 10 million payment made on March 20, 2025, and the second payment of USD 7.5 Million completed thereafter. It is part of a structured payment plan totaling USD 40 million to be completed by October 31, 2025.

The plan is expected to generate USD 40 million in savings and underscores the Company's commitment to financial discipline and long-term value creation.