Santacruz Silver Mining (SCZ) investor relations material

Strategic positioning and asset portfolio

• Operates as a multi-asset, multi-metal mining company in Mexico and Bolivia, with four producing mines, one ore feed sourcing company, and one brownfield project advancing toward full production permitting by Q3 2026.

• Largest underground mining company in Bolivia, specializing in complex underground vein systems and producing silver, zinc, lead, and copper.

• Achieved record production milestones in both Bolivia and Mexico, with operational excellence and sustainable growth as key focuses.

• Completed full cash acquisition of Bolivian assets from Glencore, eliminating all royalties and profit-sharing obligations.

Production and operational performance

• Consolidated 2025 production guidance: 14.4M silver equivalent ounces, with significant contributions from Zimapan (3.98M AgEq oz), San Lucas (3.88M AgEq oz), Caballo Blanco (2.78M AgEq oz), Bolivar (2.37M AgEq oz), and Porco (1.38M AgEq oz).

• Ore feed sourcing through San Lucas ensures near 100% plant utilization and stable ore flow via long-term supplier agreements.

• Ongoing mine rehabilitation and production ramp-up at Bolivar, with full recovery targeted for Q4 2026.

• Soracaya asset in Bolivia advancing through permitting, with initial production targeted for Q4 2026.

Financial highlights and capital structure

• YTD 2025 revenue reached $223.6M, adjusted EBITDA $73.8M, and operating cash flow $62.0M; cash on hand totaled $59.2M.

• Consolidated all-in sustaining cost (AISC) per silver equivalent ounce sold was $26.41, with mine-level AISC ranging from $17.00 to $32.72.

• Enterprise value as of September 30, 2025, was $712M, with a market cap of $790M and net cash position of $13.4M.

• Share price as of March 17, 2026, was $8.65, with 91.5M shares outstanding and a 52-week high/low of $17.65/$0.98.