Santacruz Silver Mining Ltd. [SCZ-TSXV, SCZMF-OTC] says it has applied to have its shares listed on the Nasdaq Capital Market. “Our intention to list on Nasdaq represents a significant milestone for Santacruz’s growth strategy,’’ said Santacruz Chairman and CEO Arturo Prestamo. “It also demonstrates our commitment to increasing transparency and liquidity, expanding our shareholder base, and enhancing Santacruz’s visibility within the U.S. capital markets,’’ he said. “We believe that pursuing this listing will strengthen our position as a leading silver producer and provide our shareholders with greater access to the value we are creating across the portfolio.
Santacruz shares advanced on the news, rising 3.0% or $0.06 to $2.03. The shares currently trade in a 52-week range of $2.95 and 25 cents.
In connection with the proposed listing, the company will seek shareholder approval at the upcoming Annual General Meeting for a consolidation of its common shares to meet Nasdaq’s listing requirements, which include a minimum bid price of US$4.00 a share. As a result, shareholders will be asked to approve a consolidation ratio of up to 10:1. If the consolidation is approved and effected by the company, the actual ratio chosen by the board of directors will be announced in a subsequent release following the Annual Meeting.
Santacruz Silver is engaged in the acquisition, and development of mineral properties across Latin America. In Bolivia, the company operates the Bolivar, Porco, and Caballo Blanco mining complexes. Caballo Blanco consists of the Tres Amigos and Colquechaquita mines. The Reserve mine, whose production is provided to the San Lucas ore sourcing and trading business, is also located in Bolivia, Additionally, the company oversees the Soracaya exploration project. In Mexico, Santacruz operates the Zimapan mine.
In a press release on October 7, 2025, Santacruz announced the initiation of development activities and the pursuit of full production permitting at the Soracaya Project. The company said these activities mark a key step toward advancing the project to a production decision.
Soracaya is a high-grade, silver-rich project, featuring mineralization along reactivated faults with replacement and brecciated sulphides, geological characteristics typical of some of the world’s most productive silver deposits. Since 1999, more than 29.6 kilometres of drilling across over 90 holes has provided extensive geological data, supporting robust resource modelling and preliminary mine planning.
The project hosts a mineral resource of 4.13 million tonnes of 1.23% zinc, 7.23% lead, 0.09% copper and 259 g/t silver.
In a press release on August 21, 2025, the company reported its financial and operating results for the second quarter ended June 30, 2025. It said revenue in the quarter came in at $73.3 million. The company also reported net income of $21.0 million. During the quarter, the company reported production of 3.54 million silver equivalent ounces, a 15% decrease year-over year.
