Skip to main content

Santacruz Silver makes final option payment for Golden Minerals acquisition

Published by , Assistant Editor
Global Mining Review,


Santacruz Silver Mining Ltd. (Santacruz) has made the final option payment to acquire from Golden Minerals Company certain mineral claims consisting of 149 concessions covering approximately 7800 ha, located in the Zacatecas Mining District in Zacatecas (Mexico).

"With this payment Santacruz now owns outright, subject to underlying net smelter royalties on certain of the claims, these important concessions and controls approximately 8900 ha in the historic and prolific Zacatecas silver mining belt," stated Carlos Silva, COO of the company.

Silva continued: "We are confident that as we progress the exploration and development of our Zacatecas mineral portfolio we will realise the strong mineral potential of this historical mining district".

Read the article online at: https://www.globalminingreview.com/finance-business/17102018/santacruz-silver-makes-final-option-payment-for-golden-minerals-acquisition/

You might also like

EMI

Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Silver mining news