Update: Santacruz Silver Mining Up 7.4% as Silver-Equivalent Production Drops in Q4

(Updates shares.) Santacruz Silver Mining (SCZ.V) shares were last seen up 7.4% after the company on Thursday reported lower silver-equivalent production in the fourth quarter. The company produced 4.71-million ounces of silver equivalent, down from 4.8-million ounces in the year-prior period. Silver production rose to 1.8-million ounces from 1.7 million ounces. "This growth in silver output and favorable market dynamics in silver prices have significantly strengthened our revenue-generating ability," said chief executive Arturo Prestamo. Zinc production slid to 23,357 tonnes from 23,777 tonnes, lead output ticked down to 2,932 tonnes from 3,129 tonnes, and copper output slipped to 248 tonnes from 290 tonnes. "We believe that these solid production levels will provide a strong platform for continued value creation as we move into 2025," Prestamo added. The company's shares were last seen up $0.025 to $0.365 on the TSX Venture Exchange. Price: 0.37, Change: +0.03, Percent Change: +7.35