Santacruz Silver Mining Ltd. reported production results for the third quarter of 2014. For the quarter, the company reported production of 184,900 silver equivalent ounces from the company's Rosario Mine in San Luis Potosi, Mexico. This production represents a 9.9% quarter over quarter increase as compared with second quarter 2014 silver equivalent ounces. By the end of the third quarter, the mine was producing at approximately 380 tpd. With current milling capacity of 300 tpd, the higher mining rate has resulted in a surface stockpile inventory of +8,500 tonnes of ore. Ore processed grew 4.7% to 23,677 tonnes; metal production increased 9.9% to 184,900 silver equivalent ounces ("Ag eq oz"); Ore milled blend has come 60% from development and 40% from producing stopes.

Underground mine development at the Rosario Mine is now reaching a steady state of delivering between 450 tpd to 500 tpd per day and is expected to average those levels during fourth quarter 2014 resulting in a further buildup of stockpiled ore.