Recent Insider Transactions • 1h
CEO & Executive Chairman recently bought €128k worth of stock On the 8th of June, Arturo Prestamo Elizondo bought around 23k shares on-market at roughly €5.56 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Arturo's only on-market trade for the last 12 months. Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €5.71, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Metals and Mining industry in Europe. Total returns to shareholders of 444% over the past three years. Reported Earnings • May 20
First quarter 2026 earnings released: EPS: US$0.31 (vs US$0.11 in 1Q 2025) First quarter 2026 results: EPS: US$0.31 (up from US$0.11 in 1Q 2025). Revenue: US$127.5m (up 81% from 1Q 2025). Net income: US$28.5m (up 201% from 1Q 2025). Profit margin: 22% (up from 13% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 4.3% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has increased by 88% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €9.85, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 10x in the Metals and Mining industry in Europe. Total returns to shareholders of 854% over the past three years. Annonce • Nov 18
Santacruz Silver Mining Ltd. Appoints Bruce Wolfson to its Board of Directors, Effective November 17, 2025 Santacruz Silver Mining Ltd. announced the appointment of Bruce Wolfson to the company's board of directors effective November 17, 2025. Mr. Wolfson brings over 40 years of experience in international finance, law, and investment management, with a distinguished career spanning emerging markets across Latin America and Asia. Throughout his career, Mr. Wolfson has been actively involved in structuring, placing, investing, and divesting public and private equity on behalf of both issuers and fund investors, as well as financing and restructuring emerging market debt. From 2015 to 2021, Mr. Wolfson served as General Counsel and, at times, Chief Compliance Officer of Jaguar Growth Partners, LLC. Prior to Jaguar, he was a member of the Corporate and Latin America Practice Groups at the global law firm Bingham McCutchen LLP
(now Morgan Lewis &Bockius LLP). Before that, he was a partner and general counsel at The Rohatyn Group and earlier held the position of Senior Managing
Director in the legal department at Bear, Stearns &Co. Inc., where he oversaw all legal work related to trading, sales, capital markets, and investment banking activities in the developing world. Earlier in his career, Mr. Wolfson served as Bank of America's resident counsel in Mexico from 1982 to 1986, where he was responsible for the legal aspects of restructuring the bank's Mexican loan portfolio. He has advised regulators in Latin America and Asia concerning foreign investment regulations and served on the Board of Directors of EMTA (the trade association of the emerging market trading and investment community) from 1994 to 2015. Annonce • Sep 23
Santacruz Silver Mining Ltd., Annual General Meeting, Nov 20, 2025 Santacruz Silver Mining Ltd., Annual General Meeting, Nov 20, 2025. Location: british columbia, vancouver Canada Annonce • Mar 03
Santacruz Silver Mining Ltd. Announces Appointment of Eduardo Torrecillas as Chief Operating Officer Santacruz Silver Mining Ltd. announced the appointment of Mr. Eduardo Torrecillas as Chief Operating Officer. With over 18 years of experience in senior leadership roles, prior to his appointment as Chief Operating Officer, Mr. Torrecillas served as Executive Chairman and President of Santacruz's Bolivian operations since March 2022. Before joining Grupo Minero Sinchi Wayra, Mr. Torrecillas spent more than 12 years at Minera San Cristóbal S.A., a subsidiary of Sumitomo Corporation, where he held key leadership roles, including Director of Occupational Health and Safety (OHS) and General Services. In addition to his corporate roles, Mr. Torrecillas has been President of the National Association of Mid-Tier Miners (ANMM) since April 2022. He was unanimously re-elected in March 2024 for a new two-year term (established in 1939, the ANMM has long represented private mining companies in Bolivia). In his new role, Mr. Torrecillas will oversee all operational functions across the Company's mines and exploration projects in Mexico and Bolivia. Annonce • Feb 28
Santacruz Silver Mining Ltd. announced that it has received BOB 70 million in funding Santacruz Silver Mining Ltd. announced that it has received BOB 70 million in a round of funding on February 27, 2025. The round is raised through promissory notes. The promissory notes bear interest at a rate of 6.25% per annum and will mature on February 15, 2026. Annonce • Oct 16
Santacruz Silver Announces Chief Financial Officer Changes Santacruz Silver Mining Ltd. announced that Mr. Gregg Orr, Chief Financial Officer of the Company, has resigned and Mr. Andres Bedregal, a seasoned finance executive with proven success in business development and strategic finance, has been appointed as the Interim Chief Financial Officer of the Company to replace Mr. Orr Mr. Bedregal is the current CFO for Sinchi Wayra S.A., a wholly-owned subsidiary of Santacruz Silver Mining Ltd. Since joining Sinchy Wayra S.A. in 2022 he has successfully led the Bolivian finance group's upgrading of the financial and management reporting systems as well as contributing to strategic business decisions these past three years. Buy Or Sell Opportunity • Sep 16
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to €0.22. The fair value is estimated to be €0.28, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company has become profitable. Buy Or Sell Opportunity • Aug 29
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 29% to €0.21. The fair value is estimated to be €0.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 43% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Aug 16
Second quarter 2024 earnings released: EPS: US$0.004 (vs US$0.015 in 2Q 2023) Second quarter 2024 results: EPS: US$0.004 (down from US$0.015 in 2Q 2023). Revenue: US$70.5m (up 10% from 2Q 2023). Net income: US$1.54m (down 70% from 2Q 2023). Profit margin: 2.2% (down from 8.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Annonce • Jul 16
Santacruz Silver Mining Ltd., Annual General Meeting, Sep 16, 2024 Santacruz Silver Mining Ltd., Annual General Meeting, Sep 16, 2024. Location: british columbia, vancouver Canada Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: US$0.37 (vs US$0.003 loss in 1Q 2023) First quarter 2024 results: EPS: US$0.37 (up from US$0.003 loss in 1Q 2023). Revenue: US$52.6m (down 20% from 1Q 2023). Net income: US$129.0m (up US$130.0m from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 74% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Recent Insider Transactions • May 17
Independent Director recently sold €105k worth of stock On the 15th of May, W. Girling sold around 375k shares on-market at roughly €0.28 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €128k more than they sold in the last 12 months. New Risk • May 03
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 1.8x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Share price has been highly volatile over the past 3 months (20% average weekly change). High level of non-cash earnings (81% accrual ratio). Minor Risk Market cap is less than US$100m (€67.0m market cap, or US$71.9m). Reported Earnings • May 03
Full year 2023 earnings released: EPS: US$0.046 (vs US$0.066 loss in FY 2022) Full year 2023 results: EPS: US$0.046 (up from US$0.066 loss in FY 2022). Revenue: US$251.3m (down 9.8% from FY 2022). Net income: US$16.1m (up US$38.4m from FY 2022). Profit margin: 6.4% (up from net loss in FY 2022). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 19% per year, which means it has not declined as severely as earnings. Annonce • Dec 19
An unknown private Mexican group acquired Impulsora Minera Santacruz S.A. de C.V. from Santacruz Silver Mining Ltd. (TSXV:SCZ). An unknown private Mexican group acquired Impulsora Minera Santacruz S.A. de C.V. from Santacruz Silver Mining Ltd. (TSXV:SCZ) on December 18, 2023. Santacruz Silver Mining will receive a nominal cash consideration in addition to the Buyer agreeing to accept certain obligations and liabilities from Santacruz Silver Mining as consideration for the sale of Impulsora Minera Santacruz. Wayne Corso, Chief Operating Officer of Santacruz Silver Mining, will work as a consultant for seamless transition.
An unknown private Mexican group completed the acquisition of Impulsora Minera Santacruz S.A. de C.V. from Santacruz Silver Mining Ltd. (TSXV:SCZ) on December 18, 2023. Reported Earnings • Nov 30
Third quarter 2023 earnings released: US$0.012 loss per share (vs US$0.055 loss in 3Q 2022) Third quarter 2023 results: US$0.012 loss per share (improved from US$0.055 loss in 3Q 2022). Revenue: US$64.4m (up 20% from 3Q 2022). Net loss: US$4.30m (loss narrowed 77% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Oct 20
Santacruz Silver Mining Ltd., Annual General Meeting, Dec 20, 2023 Santacruz Silver Mining Ltd., Annual General Meeting, Dec 20, 2023. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. Advisor to the Board Rob McMorran was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Recent Insider Transactions • Sep 22
Interim CEO & Executive Chairman recently bought €93k worth of stock On the 19th of September, Arturo Prestamo Elizondo bought around 788k shares on-market at roughly €0.12 per share. This transaction amounted to 5.7% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Arturo has been a buyer over the last 12 months, purchasing a net total of €901k worth in shares. Reported Earnings • Aug 22
Second quarter 2023 earnings released: EPS: US$0.004 (vs US$0.007 loss in 2Q 2022) Second quarter 2023 results: EPS: US$0.004 (up from US$0.007 loss in 2Q 2022). Revenue: US$63.9m (down 46% from 2Q 2022). Net income: US$1.35m (up US$3.87m from 2Q 2022). Profit margin: 2.1% (up from net loss in 2Q 2022). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 22
Executive Chairman recently bought €90k worth of stock On the 16th of June, Arturo Prestamo Elizondo bought around 394k shares on-market at roughly €0.23 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Arturo has been a buyer over the last 12 months, purchasing a net total of €816k worth in shares. Reported Earnings • Dec 01
Third quarter 2022 earnings released: US$0.029 loss per share (vs US$0.012 loss in 3Q 2021) Third quarter 2022 results: US$0.029 loss per share (further deteriorated from US$0.012 loss in 3Q 2021). Revenue: US$87.7m (up US$73.1m from 3Q 2021). Net loss: US$9.89m (loss widened 157% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 67% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Oct 21
Interim CFO & Executive Chairman recently bought €673k worth of stock On the 12th of October, Arturo Prestamo Elizondo bought around 2m shares on-market at roughly €0.34 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Arturo has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Reported Earnings • Aug 31
Second quarter 2022 earnings released: EPS: US$0.019 (vs US$0.012 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.019 (up from US$0.012 loss in 2Q 2021). Revenue: US$225.1m (up US$211.4m from 2Q 2021). Net income: US$6.55m (up US$10.3m from 2Q 2021). Profit margin: 2.9% (up from net loss in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • May 15
Interim CFO & Executive Chairman recently bought €126k worth of stock On the 13th of May, Arturo Prestamo Elizondo bought around 452k shares on-market at roughly €0.28 per share. This was the largest purchase by an insider in the last 3 months. Arturo has been a buyer over the last 12 months, purchasing a net total of €362k worth in shares. Reported Earnings • May 04
Full year 2021 earnings released: US$0.038 loss per share (vs US$0.007 loss in FY 2020) Full year 2021 results: US$0.038 loss per share (down from US$0.007 loss in FY 2020). Revenue: US$53.3m (up 61% from FY 2020). Net loss: US$11.6m (loss widened US$10.1m from FY 2020). Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Feb 02
Interim CFO & Executive Chairman recently bought €107k worth of stock On the 28th of January, Arturo Prestamo Elizondo bought around 500k shares on-market at roughly €0.21 per share. In the last 3 months, they made an even bigger purchase worth €129k. Arturo has been a buyer over the last 12 months, purchasing a net total of €198k worth in shares. Recent Insider Transactions • Jan 06
Interim CFO & Executive Chairman recently bought €129k worth of stock On the 29th of December, Arturo Prestamo Elizondo bought around 660k shares on-market at roughly €0.20 per share. This was the largest purchase by an insider in the last 3 months. Arturo has been a buyer over the last 12 months, purchasing a net total of €91k worth in shares. Reported Earnings • Dec 01
Third quarter 2021 earnings: EPS in line with expectations, revenues disappoint Third quarter 2021 results: US$0.012 loss per share (down from US$0.001 loss in 3Q 2020). Revenue: US$14.6m (up 55% from 3Q 2020). Net loss: US$3.85m (loss widened US$3.69m from 3Q 2020). Revenue missed analyst estimates by 57%. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Sep 01
Second quarter 2021 earnings released: US$0.012 loss per share (vs US$0.003 loss in 2Q 2020) The company reported a decent second quarter result with improved revenues, although losses increased and control over costs was weaker. Second quarter 2021 results: Revenue: US$13.7m (up 131% from 2Q 2020). Net loss: US$3.78m (loss widened 495% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 09
Full year 2020 earnings released: US$0.007 loss per share (vs US$0.11 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$33.1m (up 14% from FY 2019). Net loss: US$1.49m (loss narrowed 93% from FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 05
New 90-day high: €0.30 The company is up 67% from its price of €0.18 on 07 October 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 42% over the same period. Is New 90 Day High Low • Dec 17
New 90-day high: €0.23 The company is up 46% from its price of €0.16 on 18 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 16% over the same period. Reported Earnings • Nov 29
Third quarter 2020 earnings released: US$0.001 loss per share The company reported a decent third quarter result with reduced losses and improved control over expenses, although revenues were weaker. Third quarter 2020 results: Revenue: US$9.44m (down 20% from 3Q 2019). Net loss: US$163.0k (loss narrowed 89% from 3Q 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Oct 08
President recently sold €319k worth of stock On the 29th of September, Arturo Préstamo Elizondo sold around 2m shares on-market at roughly €0.14 per share. This was the largest sale by an insider in the last 3 months. Arturo has been a seller over the last 12 months, reducing personal holdings by €528k.