Added to YB: 2026-02-27
Pitch date: 2026-02-25
SCZ.V [bullish]
Santacruz Silver Mining Ltd.
+2.19%
current return
Author Info
GP Capital is an investor mainly focused on commodity equites. Sign up for the newsletter.
Company Info
Santacruz Silver Mining Ltd., together with its subsidiaries, engages in the acquisition, exploration, development, production, and operation of mineral properties in Latin America.
Market Cap
CAD 1.1B
Pitch Price
CAD 16.42
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.74
P/E
17.99
EV/Sales
3.56
Sector
Metals and Mining
Category
value
The Billion-Dollar Silver Miner Trading under 1.5x FCF - Santacruz Silver Mining Ltd.
SCZ.V: Diversified silver/zinc/lead miner across Mexico/Bolivia trading 1.3x EV/FCF vs peers at 5-10x. Debt-free w/ $80M cash, ~$750M FCF potential at $85 silver. 5-7% organic growth via efficiency (Zimapan upgrade: $2.5M capex → $5M monthly FCF). Nasdaq-listed but undiscovered by US institutions = 20-40% re-rating catalyst. COMIBOL JV aligns Bolivian gov't incentives. Bulls: compressed multiple, US listing discovery, silver supercycle leverage, strong mgmt (CEO owns 5%). Bears: Bolivia jurisdiction discount, Bolivar mine flooding (now resolved), AISC spikes misunderstood as permanent
Read full article (8 min)