Santacruz Silver Mining Ltd. announced production results for the second quarter of 2014. For the quarter, the company reported production of 169,800 payable silver equivalent ounces from the company's Rosario Mine in San Luis Potosi, Mexico. This production represents a 40% quarter over quarter increase as compared with first quarter of 2014 payable silver equivalent ounces. During the second quarter, the mine produced at an average daily rate of approximately 260 tonnes per day. By the end of the quarter, the mine was producing above 340 tpd as a daily average, while continuing to ramp up as more working faces are added into its production schedule. During the quarter, ore processed grew 10.5% to 22,612 tonnes (all ore milled is now from the Rosario Mine); Metal production increased 39.4% to 169,800 payable silver equivalent ounces; Silver production totalled 100,200 silver ounces; Underground development of 1,494 meters; Recoveries for silver increased to 89.9% from 85.7% in the first quarter. Gold ounce production was 106.8 against 162.9 reported in the first quarter of 2014. Lead production was 171.7 tonnes against 186.1 tonnes reported in the first quarter of 2014. Zinc production was 436.8 tonnes against 367.6 tonnes reported in the first quarter of 2014.

The company remains on schedule to meet its production target of between 850,000 to 1,100,000 silver equivalent ounces by the year-end 2014.