# Santacruz Silver - Visual Review of Q1 2026 Financials and Operations and Ongoing 2026 Growth Initiatives

Page: https://stenobird.com/podcast/the-ke-report-5642261/santacruz-silver-visual-review-of-q1-2026-financials-and-operations-and-ongoing-2026-growth-initiatives
Text version: https://stenobird.com/podcast/the-ke-report-5642261/santacruz-silver-visual-review-of-q1-2026-financials-and-operations-and-ongoing-2026-growth-initiatives.md
Podcast: [The KE Report](https://stenobird.com/podcast/the-ke-report-5642261)
Published: 2026-05-29T02:09:05+00:00
Episode link: https://kereport.podbean.com/e/visual-review-of-q1-2026-financials-and-operations-and-ongoing-2026-growth-initiatives/
Audio file: https://mcdn.podbean.com/mf/web/ta3jqp55mrp3jsnv/2026-05-28_-_Arturo_Prestamo_-_Santacruz_Silver6xie9.mp3
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JSON: https://stenobird.com/v1/public/podcasts/the-ke-report-5642261/episodes/santacruz-silver-visual-review-of-q1-2026-financials-and-operations-and-ongoing-2026-growth-initiatives
Duration seconds: 1872

## Resource

Arturo Préstamo Elizondo, Executive Chairman and CEO of Santacruz Silver Mining Ltd. (TSX.V: SCZ) (NASDAQ: SCZM) (FSE: 1SZ), joins me for an exclusive visual review of the Q1 2026 financial and operational results across their portfolio of 4 producing silver-zinc mines and ore feed sourcing business in Bolivia and Mexico. We also review a few of the key growth initiatives that the company has slated for 2026 across multiple projects. Q1 2026 Highlights Revenues of $127.5 million, an 81% increase year-over-year. Gross profit of $42.9 million, a 54% increase year-over-year. Net income of $28.5 million, a 201% increase year-over-year. Adjusted EBITDA of $42.6 million, a 55% increase year-over-year. Cash and highly-liquid marketable securities of $64.9 million, a 100% increase year-over-year. Working capital of $75.9 million, a 47% increase year-over-year. Average realized price per silver ounce sold of $63.30, a 128% increase year-over-year. AISC per silver ounce sold of $31.60, a 76% increase year-over-year. Realized mining margin per silver ounce sold of $31.70, a 221% increase year-over-year. Average realized price per zinc tonne sold of $3,116, a 12% increase year-over year. AISC per zinc tonne sold of $2,729, a 32% increase year-over-year. When discussing the financial strength of the company, Arturo also highlighted that after paying $31.5 million in taxes during this first quarter, that the company ended Q1 2026 with a healthy cash and highly liquid marketable securities position of $64.9 million, providing Santacruz with the financial flexibility to continue funding operational improvements while maintaining a strong treasury position. At the Bolivar Mine, the recovery of the areas affected by the May 2025 localized water inflow event continues to advance; with wo…

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