Research from Atrium Research, Atrium Research Corporation

Atrium Research

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis.

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

Santacruz Silver Mining / Equity Bottom-Up

<ul>
<li>Santacruz reported Q1 results displaying QoQ growth in revenue and adjusted EBITDA driven by higher realized prices and stable costs.</li>
<li>The quarter was highlighted by an impressive $31.70/oz silver margin, which has increased 134% QoQ, facilitating strong cash generation.</li>
<li>SCZ ended the quarter in a solid position with $64.9M in cash and marketable securities despite paying $31.5M in taxes in Q1.</li>
</ul>


Santacruz reported Q1 results displaying QoQ growth in revenue and adjusted EBITDA driven by higher realized prices and stable costs.
The quarter was highlighted by an impressive $31.70/oz silver margin, which has increased 134% QoQ, facilitating strong cash generation.
SCZ ended the quarter in a solid position with $64.9M in cash and marketable securities despite paying $31.5M in taxes in Q1.


SCZ: Q1 Displays 134% QoQ Increase in Silver Margins