Interview with Santacruz Silver CEO Arturo Prestamo arguing the company is back on track after 2025 disruptions, with Bolivar recovering, Porco kept strategic but small, Caballo Blanco expected to improve after seasonal softness, and 2026 production up roughly 10%. He is also very bullish on silver and says the company will shift reporting to a more investor-friendly byproduct basis.
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This is a host-led interview focused on Santacruz Silver’s operating recovery and outlook into 2026. The host frames Santacruz as one of the few Canadian junior stories that has moved from exploration/development into real production and positive cash flow, while noting 2025 setbacks including flooding at Bolivar and lower silver-equivalent grades at Porco due to a greater focus on zinc-dominant zones. Arturo Prestamo says he is bullish on silver and expects the metal to remain strong for the rest of the year, citing an ongoing silver deficit. On company operations, he says Bolivar’s dewatering process is progressing and production should keep improving quarter by quarter, with full capacity expected by the end of Q3. …
Near term, the setup is constructive as long as silver stays bid and Bolivar keeps improving quarter by quarter; the main tactical risk is that recovery slips or guidance remains absent, which would keep the market skeptical.
Over the next few months, the stock likely trades on whether Q2 and Q3 show clean sequential production gains and whether the company finally provides compliant guidance. If those boxes are checked, the narrative can shift from recovery story to rerating candidate; if not, execution discount persists.
Longer term, Santacruz’s significance is whether it can remain a rare junior producer that generates cash without repeated dilution. The durable thesis is not just silver exposure, but proof that multi-asset, byproduct-driven operations can compound value through the cycle.
Silver is likely to remain strong for the rest of the year.
Prestamo says he is very bullish and cites an ongoing silver deficit.
Bolivar production will keep improving and reach full capacity by the end of Q3.
Management gives a clear recovery timeline for the flooded mine.
Porco is strategic but should remain a small, zinc-heavy, profitable mine rather than a major growth engine.
Prestamo says the mine is small, zinc oriented, and not receiving much investment.
What's going through your head when you look at the price of silver and gold right now?
Arturo is very bullish on silver, noting the market is seeing another year with a silver deficit and expects silver to be strong for the rest of the year at least.
Give us the high level overview of Santa Cruz Silver for first-time viewers.
Arturo explains their mines are doing well, the Bolivar mine's dewatering is progressing and will yield more silver, Q2 will be stronger than Q1, and the company now operates from a position of accumulating retained gains.
Is Bolivar getting back to full production after the flooding issues?
Yes, absolutely. The dewatering process is on track — Q1 showed a production increase over Q4 last year, Q2 will see another increase, and by the end of Q3 the mine will be at full capacity.
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