VANCOUVER, BC, July 16,
2024 /CNW/ - Santacruz Silver Mining
Ltd. (TSXV: SCZ) ("Santacruz" or "the Company") regrets to
report that an employee of the Company was fatally injured at the
Tres Amigos mine, part of the Caballo Blanco Group of mines, in
Bolivia.
A small group of illegal miners unlawfully entered the Tres
Amigos mine at a level above where the Company was operating and
proceeded to use explosives. This caused rockfall on the level
below where Santacruz employees were working, and one employee was
fatality injured. Safety personnel were immediately notified and
followed mine rescue protocols to close the mine, attend to all
employees and remove these illegal miners from the area.
The mine has since resumed operations.
Arturo Préstamo, Executive Chairman and CEO commented, "We are
deeply saddened by this tragic accident and have extended our
deepest condolences and support to the employee's family. We are
providing all necessary assistance to the family and our employees
during this difficult time." Mr. Préstamo continued, "Santacruz has
initiated a detailed investigation and is working closely with the
local authorities to prevent an incident like this from happening
again. The Company will consider taking legal against those
responsible once the investigation is complete."
About Santacruz Silver Mining Ltd.
Santacruz Silver is engaged in
the operation, acquisition, exploration, and development of mineral
properties in Latin America. The
Bolivian operations are comprised of the Bolivar, Porco and the
Caballo Blanco Group, which consists of the Tres Amigos, Reserva
and Colquechaquita mines. The Soracaya exploration project
and San Lucas ore sourcing and
trading business are also in Bolivia. The Zimapan mine is in
Mexico.
'signed'
Arturo Préstamo Elizondo,
Executive Chairman and CEO
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward looking information
This news release includes certain statements and information
that may constitute forward-looking information within the meaning
of applicable Canadian securities laws. Forward-looking statements
relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding
future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking
terminology such as "intends", "expects" or "anticipates", or
variations of such words and phrases or statements that certain
actions, events or results "may", "could", "should", "would" or
will "potentially" or "likely" occur. This information and these
statements, referred to herein as "forward‐looking statements", are
not historical facts, are made as of the date of this news release
and include without limitation, statements regarding the Company's
ability to prevent an incident like this from happening again and
the ability to take legal action once the investigation is
complete..
These forward‐looking statements involve numerous risks and
uncertainties and actual results might differ materially from
results suggested in any forward-looking statements. These risks
and uncertainties include, among other things, risks that Company's
ability to prevent an incident like this from happening again and
the ability to take legal action once the investigation is
complete, risks related to changes in general economic, business
and political conditions, including changes in the financial
markets, changes in applicable laws, and compliance with extensive
government regulation, as well as those risk factors discussed or
referred to in the Company's disclosure documents filed with the
securities regulatory authorities in certain provinces of
Canada and available at
www.sedarplus.ca.
In making the forward-looking statements in this news
release, the Company has applied several material assumptions,
including without limitation, the assumption that the Company will
be successful in preventing incident like this from happening
again, the Company's ability to take legal action once the
investigation is complete.
There can be no assurance that any forward-looking
information will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, the reader should not place any undue
reliance on forward-looking information or statements. The Company
undertakes no obligation to update forward-looking information or
statements, other than as required by applicable law.
SOURCE Santacruz Silver Mining Ltd.