Premarket Action for this Junior Miner

Premarket Action for this Junior Miner

Premarket Action for this Junior Miner By: Dylan Sikes – AllPennyStocks.com News

Monday, December 18, 2023

This company, which is engaged in the operation, acquisition, exploration, and development of mineral properties in Latin America, is seeing premarket action this Monday. Santacruz Silver Mining Ltd. (TSXV: SCZ) announced in a press release today that it has sold its shares in Santacruz Holdings Ltd., which has 100% ownership in Impulsora Minera Santacruz, S.A. de C.V., a non-core Mexican subsidiary of the Company, to a private Mexican group. The move is part of the firm’s ongoing restructuring efforts in its goal to streamline its core business focus. 

According to Arturo Préstamo, Executive Chairman and Interim CEO of Santacruz, "The divestment of this non-core asset is expected to reduce our current liabilities and strengthen our balance sheet. Going forward Santacruz will continue to assess opportunities to deleverage the Company and improve its financial position."




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