Santacruz Silver Announces Payment to Glencore of US$7.5 Million Under Acceleration Plan
Santacruz Silver Mining Ltd. has made a third US$7.5 million payment to Glencore, advancing its plan to exercise the Acceleration Option for the Bolivian assets acquisition. Following a US$10 million initial payment and a second US$7.5 million, the remaining US$15 million of the US$40 million total is due by October 31, 2025, aiming to save US$40 million while maintaining financial discipline.