Santacruz Silver Reports Fatality at its Porco Mine in Bolivia
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News Release
July 10, 2023
Santacruz Silver Reports Fatality at its Porco Mine in Bolivia
Vancouver, B.C. – Santacruz Silver Mining Ltd. (TSX.V:SCZ) ("Santacruz" or "the Company”) (“the Company” or
“Santacruz”) regrets to report that an employee was fatally injured as a result of underground rockfall at its Porco Mine
in Bolivia on July 5, 2023.
Arturo Préstamo commented, “The health and safety of our workforce is our number one priority, and we are deeply
saddened by this tragic accident and have extended our deepest condolences to the employee’s family . W e are
providing all necessary assistance to the family and our employees during this difficult time. Our leadership, employees
and contractors are committed to creating a work environment that promotes safety and zero-harm.”
The underground rockfall occurred while timber supports were being replaced and no other personnel were injured.
Safety personnel immediately followed mine rescue protocols to close the mine, rescue the injured employee, and
informed the family and authorities . An investigation is ongoing and once completed, its conclusions and
recommendations will be reviewed with key mine -site management and all staff at all mining operations to better
understand what more can be done to improve Santacruz’s safety performance.
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
For further information please contact:
Arturo Préstamo
Santacruz Silver Mining Ltd.
Email: [email protected]
Telephone: +1 (528) 183 785707
Sabina Srubiski
Manager, Investor Relations
Santacruz Silver Mining Ltd.
Email: [email protected]
Telephone: +1 (604) 351 7909
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 the 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 of 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 completion of the investigation and the
Company’s response to the investigation’s conclusions and recommendations.
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 the investigation will not be comp leted or that the Company will be unsuccessful in implementing the
recommendations of the investigation.
In making the forward-looking statements in this news release, the Company has applied several material assumptions,
including without limitation, th e assumption that the Company will complete the investigation and will adequately
respond to the investigation’s conclusions and recommendations.
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.