Will New CFO Drive Santacruz Silver Forward?

3 min read | October 15, 2024 03:09 PM EDT | By Team Kalkine Media

Highlights

  • Santacruz Silver Mining Ltd, operating in the mining sector, has appointed Andres Bedregal as its interim Chief Financial Officer, following the resignation of the previous CFO, showcasing the company's commitment to maintaining strong leadership. 
  • Bedregal, who is currently the CFO of Sinchi Wayra S.A., a subsidiary of Santacruz Silver, has a deep understanding of the company’s Bolivian assets, making him well-suited to manage both Canadian regulatory reporting and the company's broader financial operations. 
  • Santacruz Silver Mining Ltd continues its focus on the exploration, acquisition, and development of mineral properties across Latin America, leveraging strong leadership to support its strategic objectives. 

Santacruz Silver Mining Ltd, a company focused on the exploration and development of mineral properties in Latin America within Metal & Mining sector, has announced the appointment of Andres Bedregal as its interim Chief Financial Officer. Bedregal will step into this role following the resignation of Gregg Orr, marking a key transition in the company’s leadership. Bedregal’s experience and familiarity with Santacruz Silver’s operations in Bolivia make him a strategic fit for managing the company’s financial reporting and regulatory requirements. 

New Leadership with Deep Industry Expertise 

The appointment of Andres Bedregal comes as a significant move for Santacruz Silver (TSXV:SCZ). Bedregal has been with Sinchi Wayra S.A., a subsidiary of Santacruz, since 2022. In his current role as CFO at Sinchi Wayra, he has played an instrumental part in enhancing the company’s financial and management reporting systems. His experience in these areas, combined with his active involvement in strategic business decisions, positions him well to oversee the financial operations at Santacruz Silver. 

His knowledge of the company’s Bolivian assets is seen as a crucial advantage, enabling him to take on his new responsibilities while ensuring seamless integration between the financial operations in Bolivia and the company’s reporting requirements in Canada. 

Strengthening Financial Oversight 

Santacruz Silver’s CEO, Arturo Préstamo, expressed confidence in Bedregal’s capabilities to manage the financial aspects of the company. With Bedregal’s extensive experience in finance and management, particularly within the company’s subsidiary, Santacruz expects to maintain solid financial oversight during this transitional period. Bedregal will not only manage day-to-day financial operations but also assist with the company’s Canadian regulatory reporting requirements. 

The company’s board is now focusing on determining the best approach to filling the permanent CFO position, while ensuring that Bedregal’s interim appointment provides continuity in the company’s financial leadership. 

Continued Focus on Mineral Exploration 

Santacruz Silver remains committed to its core activities of operating, acquiring, exploring, and developing mineral properties throughout Latin America. The company’s focus on maximizing the potential of its mineral assets, particularly in Bolivia, is supported by strong leadership and strategic decision-making. With the recent appointment of Bedregal, Santacruz is poised to continue executing its business plans while reinforcing its financial structure. 


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