Santacruz Silver Mining: Multi-Asset Operational Recovery Drives Upgraded Target Price and Buy Rating
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Atrium Research has upgraded its target price for Santacruz Silver Mining to C$34.20 and maintained a Buy rating, citing a 9% increase in Q4/25 silver-equivalent production to 3.74Moz AgEq, driven by operational improvements at the Bolivar mine and strong performance from other assets. Despite a year-over-year decline in total 2025 production due to flooding, the mine is on a recovery path, with expectations for steady gains and normalization by Q4/26. TipRanks also reiterated a Buy rating with a C$24.00 target.
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