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Timestamps:

• 00:00:00 Chapters
• 00:00:13 Very Important Warning
• 00:01:13 Santacruz Silver Company Overview
• 00:06:58 What is Santacruz really building here?
• 00:08:48 Is this the right CEO for Santacruz?
• 00:18:42 Does management have real skin in the game?
• 00:21:42 What does it cost to produce an ounce of silver Eq?
• 00:24:04 What is the biggest cost driver?
• 00:25:20 What were non-production costs last year?
• 00:27:45 Are costs mostly in dollars?
• 00:28:37 Does Santa Cruz hedge currency risk?
• 00:29:24 How much production is hedged?
• 00:32:46 How does the Glencore CVR really work?
• 00:38:48 Are there other similar liabilities?
• 00:39:57 What does the balance sheet look like?
• 00:41:54 What is annual sustaining capex?
• 00:42:20 Will Santa Cruz raise capital in 2026?
• 00:43:20 What really happened with the flood at Bolivar?
• 00:49:22 What failed, and could it happen again?
• 00:51:26 How many of the stopes is inaccessible?
• 00:53:36 What will the fix cost?
• 00:54:44 Does the plan need community consultation?
• 00:56:34 How much mine life is left at their operations?
• 00:59:49 Is exploration near-mine or greenfields?
• 01:02:57 How does Santacruz balance development and exploration?
• 01:04:52 Where could growth come from?
• 01:10:48 Would Santacruz invest in the U.S. and Canada?
• 01:12:21 What are the biggest risks right now?
• 01:15:06 How does Santacruz view Bolivia risk?
• 01:18:09 What permits are needed for growth?
• 01:19:13 Does Santa Cruz work with indigenous communities?
• 01:20:24 Is illegal mining still an issue?
• 01:22:02 What safety fixes are in place?
• 01:27:20 Did the fatalities create legal exposure?
• 01:28:29 What news is coming next?
• 01:30:58 What is the biggest criticism of Santacruz Mining?
• 01:35:07 Very Important Warning - DO NOT SKIP

This is a Santa Cruz Silver Mining interview with CEO, Arturo Préstamo Elizondo.