Santacruz Silver Reports Fatality at Bolivian Operation
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News Release
July 16, 2024
Santacruz Silver Reports Fatality at Bolivian Operation
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) ("Santacruz" or "the Company”) regrets to report that an
employee of the Company was fatally injured at the Tres Amigos mine, part of the Caballo Blanco Group of mines, in
Bolivia.
A small group of illegal miners unlawfully entered the Tres Amigos mine at a level above where the Company was
operating and proceeded to use explosives. This caused rockfall on the level below where Santacruz employees were
working, and one employee was fatality injured. Safety personnel were immediately notified and followed mine rescue
protocols to close the mine, attend to all employees and remove these illegal miners from the area. The mine has since
resumed operations.
Arturo Préstamo, Executive Chairman and CEO commented, “We are deeply saddened by this tragic accident and have
extended our deepest condolences and support to the employee’s family. We are providing all necessary assistance to
the family and our employees during this difficult time .” Mr. Préstamo continued, “Santacruz has initiated a detailed
investigation and is working closely with the local authorities to prevent an incident like this from happening again. The
Company will consider taking legal against those responsible once the investigation is complete.”
About Santacruz Silver Mining Ltd.
Santacruz Silver is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin
America. The Bolivian operations are comprised of the Bolivar, Porco and the Caballo Blanco Group, which consists of
the Tres Amigos, Reserva and Colquechaquita mines. The Soracaya exploration project and San Lucas ore sourcing and
trading business are also in Bolivia. The Zimapan mine is in Mexico.
‘signed’
Arturo Préstamo Elizondo,
Executive Chairman and CEO
For further information please contact:
Arturo Préstamo
Santacruz Silver Mining Ltd.
Email: [email protected]
Telephone: +52 81 83 785707
Sabina Srubiski
Manager, Investor Relations
Santacruz Silver Mining Ltd.
Email: [email protected]
Telephone: +1 888 883 2011
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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Forward looking information
This news release includes certain statements and information that may constitute forward-looking information within
the meaning of applicable Canadian securities laws. Forward -looking statements relate to future events or future
performance and reflect th e expectations or beliefs of management of the Company regarding future events.
Generally, forward-looking statements and information can be identified by the use of forward -looking terminology
such as “intends”, “expects” or “anticipates”, or variations o f such words and phrases or statements that certain
actions, events or results “may”, “could”, “should”, “would” or will “potentially” or “likely” occur. This information and
these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date
of this news release and include without limitation, statements regarding the Company’s ability to prevent an incident
like this from happening again and the ability to take legal action once the investigation is complete..
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially
from results suggested in any forward-looking statements. These risks and uncertainties include, among other things,
risks that Company’s ability to prevent an incident like this from happening again and the ability to take legal action
once the investigation is complete , risks related to changes in general economic, business and political conditions,
including changes in the financial markets, changes in applicable laws, and compliance with extensive government
regulation, as well as those risk factors discussed or referred to in the Company’s disclosure documents filed with the
securities regulatory authorities in certain provinces of Canada and available at www.sedarplus.ca.
In making the forward -looking statements in this news release, the Company has applied several material
assumptions, including without limitation, the assumption that the Company will be successful in preventing incident
like this from happening again, the Company’s ability to take legal action once the investigation is complete.
There can be no assurance that any forward-looking information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such statements. Accordingly, the reader should not place any
undue reliance on forward-looking information or statements. The Company undertakes no obligation to update
forward-looking information or statements, other than as required by applicable law.