Companies · Mining & Resources

Santacruz Silver Mining Ltd.

Vancouver · Mining & Resources · refined from filed group “Other

Diligence memoA one-page analyst read on Santacruz Silver Mining Ltd. — recommendation, valuation, rhythm, risks.
$3.2M
Total raised · real
4
Rounds
3.7×
Latest step-up
Top 41%
Sector rank · raised
Seed
Latest stage · inferred · Mon Apr 12 2021 00:00:00 GMT+0000 (Coordinated Universal Time)

Santacruz Silver Mining Ltd. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the extractive sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.19× the median modeled value of Seed Mining & Resources companies in 2019–2021 (47 peers) — value vs value, same stage and era.
  • Within the normal band (119% of peer median) for its niche.
Dormant
  • Last raise 5.2 yr ago; this sector typically re-raises about every 11 months.
  • Silent for over 3× the sector's normal cadence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Mining & Resources

Santacruz Silver Mining Ltd. is one of 701 Mining & Resources companies tracked from Vancouver. By capital raised it ranks mid-pack (ahead of 60% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
58
Investors (latest)
2021-04-12
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$2.5M$5.0M$7.5M$10MPre-Seed · 2012-04-12 Raised $357K (real) Modeled valuation $2.4M (est)$357K$2.4MPre-Seed2012Seed · 2013-02-19 Raised $1.1M (real) Modeled valuation $5.9M (est)$1.1M$5.9MSeed2013Pre-Seed · 2020-10-07 Raised $372K (real) Modeled valuation $2.3M (est)$372K$2.3MPre-Seed2020Seed · 2020-10-07 Raised $382K (real) Modeled valuation $2.0M (est)$382K$2.0MSeed2020Seed · 2021-04-12 Raised $1.4M (real) Modeled valuation $6.5M (est)$1.4M$6.5MSeed2021+$1.1M+$372K+$382K+$1.4MCumulative $3.6M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$357K · 2012
Seed$1.1M · 2013
Bridge · Seed-stage$372K · 2020smaller follow-on
Seed extension$382K · 2020
Seed extension$1.4M · 2021

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$6.5M
Base estimate est.
$1.2M
Conservative case
$41.6M
Upside case
$7.0M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the extractive sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $2.4M · 2012-04-122012Seed · modeled $5.9M · 2013-02-19Pre-Seed · modeled $2.3M · 2020-10-07Seed · modeled $2.0M · 2020-10-07Seed · modeled $6.5M · 2021-04-122021
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
38%
Survival probability
17% low · 59% high
1.19×/yr
Annual markup
1.56×/yr upside case
5.2 yr
Elapsed time used
5.2 yr actual, capped for stale marks
extractive
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
27 mo
Avg between rounds
$359K/yr
Capital velocity
14.2 yr
On record since
2012
First round
5
Rounds on file
How it compares to the market

Benchmarked against 701 companies in Mining & Resources. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.4× above median
This company$3.2M
Sector median$2.3M
Latest round — vs other Seed rounds in sector (real $, this stage) 1.3× above median
This company$1.4M
Sector median$1.1M
Modeled value — vs sector median (estimate, all stages) 2.6× above median
This company$6.5M
Sector median$2.5M

Raised more than 60% of sector peers (real $). Modeled value above 73% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #20 of 47.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0M$100.0MCapital raised (log)Millennial Silver Corp. · Seed Raised $4.5M · modeled $17.1M (est)Bullfrog Gold Corp. · Seed Raised $11.9M · modeled $16.9M (est)Digital Carpenters Mining LLC · Seed Raised $3.5M · modeled $16.8M (est)Harfang Exploration Inc. · Seed Raised $3.9M · modeled $16.4M (est)GARNEX GOLD Corp · Seed Raised $3.0M · modeled $16.1M (est)Ely Gold Royalties, Inc. · Seed Raised $4.9M · modeled $13.2M (est)Levitated Metals Holdings, LLC · Seed Raised $2.4M · modeled $12.9M (est)StrikePoint Gold Inc. · Seed Raised $2.5M · modeled $12.8M (est)Digital Gold Innovation Technologies Private Ltd · Seed Raised $3.0M · modeled $12.7M (est)Azimut Exploration Inc. · Seed Raised $4.1M · modeled $11.6M (est)Minaurum Gold Inc. · Seed Raised $2.9M · modeled $11.1M (est)American Pacific Mining Corp · Seed Raised $5.2M · modeled $10.1M (est)Santacruz Silver Mining Ltd. (this company) Raised $3.2M · modeled $6.5M (est)Santacruz Silver Mining Ltd.
CompanyStageRaised · realValue · estvs peer med.
Millennial Silver Corp.Seed$4.5M$17.1M3.11×
Bullfrog Gold Corp.Seed$11.9M$16.9M3.08×
Digital Carpenters Mining LLCSeed$3.5M$16.8M3.04×
Harfang Exploration Inc.Seed$3.9M$16.4M2.98×
GARNEX GOLD CorpSeed$3.0M$16.1M2.92×
Ely Gold Royalties, Inc.Seed$4.9M$13.2M2.39×
Levitated Metals Holdings, LLCSeed$2.4M$12.9M2.35×
StrikePoint Gold Inc.Seed$2.5M$12.8M2.33×
Digital Gold Innovation Technologies Private LtdSeed$3.0M$12.7M2.31×
Azimut Exploration Inc.Seed$4.1M$11.6M2.10×
Minaurum Gold Inc.Seed$2.9M$11.1M2.02×
American Pacific Mining CorpSeed$5.2M$10.1M1.83×
Santacruz Silver Mining Ltd. this companySeed$3.2M$6.5M1.19×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$357K2012-04-12$2.0M$2.4M85%
Seed$1.1M2013-02-19$5.5M$5.9M85%
Pre-Seed$372K2020-10-07$2.1M$2.3M90%
Seed$382K2020-10-07$1.9M$2.0M90%
Seed$1.4M2021-04-12$7.0M$6.5M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$357K2012-04-12
    • First recorded raise — entered as Pre-Seed.
    • 2 investors on this round.
  2. Seed$1.1M2013-02-19
    • Raised 10 mo later, in step with the ~11 mo sector norm.
    • Round 3.1× larger than the prior — scaling up.
    • 1 investor on this round.
  3. Pre-Seed$372K2020-10-07
    • Raised again after 92 mo — slower than the ~11 mo sector norm.
    • Round 3.0× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 13 investors on this round.
  4. Seed$382K2020-10-07
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 13 investors on this round.
  5. Seed$1.4M2021-04-12
    • Came back fast: 6 mo vs the ~11 mo sector norm.
    • Round 3.7× larger than the prior — scaling up.
    • 58 investors on this round.
Intelligence
2023 ~Q3
Modeled next raise · ~27mo cadence
$4.2M
Modeled next size est.range $2.7M$6.7M
3.7×
Last step-up
$359K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
James Harris9 other2012-04
James Hutton5 other2012-04
ROBERT McMORRAN3 other2012-04
Arturo Prestamo Elizondo2012-04
Carlos Silva Ramos2020-10
Craig Angus2012-04
Francisco Ramos2012-04
Frederico Silva Villasenor2020-10
Larry Silva Okada2020-10
Roland Silva Lohner2020-10
W. Barry Girling2020-10
Registry & provenance

Santacruz Silver Mining Ltd. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1548536
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Great Pacific Gold Corp.Mining & ResourcesSeed$3.4M$6.8Mnetwork2 shared operators · same sector · same stage
Atacama Copper CorpMining & ResourcesSeed$3.2M$4.0Msame sector · same stage
Metal Powder Works LtdMining & ResourcesSeed$3.2M$7.7Msame sector · same stage
South Pacific Metals Corp.Mining & ResourcesSeed$3.3M$5.3Msame sector · same stage
Toro Silver Corp.Mining & ResourcesSeed$3.3M$2.8Msame sector · same stage
Ridgeline Minerals CorpMining & ResourcesSeed$3.2M$2.5Msame sector · same stage
Ares Strategic Mining Inc.Mining & ResourcesSeed$3.2M$1.4Msame sector · same stage
Norsemont Mining Inc.Mining & ResourcesSeed$3.3M$3.3Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
GR Silver Mining Ltd.Mining & ResourcesPre-Seed$453K85%
Silverco Mining Ltd.Mining & ResourcesSeries A$19.0M85%
Silver Storm Mining Ltd.Mining & ResourcesPre-Seed$211K83%
Sabina Gold & Silver Corp.Mining & ResourcesSeries C$1.7M83%
Apollo Silver CorpMining & ResourcesSeed$360K82%
Silver X Mining Corp.Mining & ResourcesSeed$4.4M82%
Southern Silver Exploration CorpMining & ResourcesSeed$361K82%
Argenta Silver Corp.Mining & ResourcesPre-Seed$1.8M82%
Frequently asked
How much funding has Santacruz Silver Mining Ltd. raised?
Santacruz Silver Mining Ltd. has raised approximately $3.2M in disclosed capital across 4 recorded financing rounds, aggregated from public filings.
What is Santacruz Silver Mining Ltd.'s estimated valuation?
Provath's modeled valuation for Santacruz Silver Mining Ltd. is approximately $6.5M (modeled range $1.2M–$41.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Santacruz Silver Mining Ltd. at?
Santacruz Silver Mining Ltd.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Mon Apr 12.
What does Santacruz Silver Mining Ltd. do and where is it based?
Santacruz Silver Mining Ltd. operates in the Mining & Resources sector, based in Vancouver.
Explore related

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