Shares of Santacruz Silver Mining Ltd. (NASDAQ:SCZM) gained 7% on Monday after silver prices surged past $110 per ounce and the company released its fourth-quarter 2025 production update.
During Q4 2025, the miner delivered 3.74 million silver equivalent ounces, marking a 9% increase compared with the prior quarter. Silver output rose 8% quarter on quarter to 1.34 million ounces, while zinc production increased 10% to 23,846 tonnes and lead output climbed 15% to 3,000 tonnes.
The stronger quarterly performance was largely driven by a rebound at the Bolívar mine, where silver equivalent production jumped 34% from Q3 2025 levels. The improvement followed ongoing remediation work after flooding in May 2025 had limited access to higher-grade zones.
“During Q4 2025, Santacruz delivered a solid quarter-over-quarter improvement in consolidated production, led by a meaningful recovery at the Bolívar mine, and supported by strong performance at Caballo Blanco, Zimapán, and San Lucas, reflecting the strength and diversification of our multi-asset operating portfolio,” said Arturo Préstamo, Executive Chairman and CEO.
On a full-year basis, Santacruz reported 2025 production of 14.4 million silver equivalent ounces, down 11% from 2024, with the decline mainly attributed to the flooding disruption at Bolívar. The company expects production to continue improving on a quarterly basis, with full recovery of the impacted areas targeted for Q4 2026.
The operational update came as silver prices pushed to fresh highs above $110 per ounce, adding momentum to Santacruz’s share price.