Quarterly ResultMay 18, 2026, 06:12 AM
Santacruz Silver Q1 Revenue +81% to $127.5M; Net Income +201% to $28.5M
AI Summary
Santacruz Silver Mining Ltd. reported strong financial results for the first quarter ended March 31, 2026, with significant growth across key metrics. Revenue increased by over 81% and net income more than doubled compared to the same period in the prior year. The company also saw improvements in gross profit, operating income, and cash generated from operating activities, alongside a reduction in total liabilities.
Key Highlights
- Revenue increased 81.37% to $127,529 thousand for Q1 2026 from $70,314 thousand in Q1 2025.
- Net income surged 201.23% to $28,470 thousand in Q1 2026, up from $9,451 thousand in Q1 2025.
- Basic net income per share rose to $0.31 in Q1 2026, compared to $0.11 in Q1 2025.
- Gross profit grew 53.88% to $42,869 thousand in Q1 2026 from $27,859 thousand in Q1 2025.
- Operating income increased 52.51% to $34,742 thousand in Q1 2026, up from $22,780 thousand in Q1 2025.
- Net cash generated by operating activities increased 39.52% to $8,774 thousand in Q1 2026.
- Total liabilities decreased to $237,686 thousand as of March 31, 2026, from $266,713 thousand at December 31, 2025.
- Total shareholders' equity increased to $209,304 thousand as of March 31, 2026.
Price Impact
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