- TSX: FVI CA 9.90
- NYSE: FSM US 7.91
Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Mexico, Peru, and Argentina. We produce silver and gold and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. Sustainability is integral to all our operations and relationships.
On January 19, 2021, we issued our consolidated production guidance for 2021. We plan to produce between 6.8 to 7.6 million ounces of silver and 178 to 202 thousand ounces of gold or 267 to 302 thousand of gold equivalent1 ounces in 2021. These production estimates are based on Mineral Reserves and Resources estimated as of June 30, 2020.
COVID-19 response
Production at our mines was disrupted in 2020 due to the COVID-19 pandemic and the government mandated measures implemented to curb the spread of the virus, which included the temporary shutdown of operations, mandatory quarantine periods and restrictions on travel. At our San Jose, Caylloma and Lindero mines, we installed health and safety protocols to control, isolate and quarantine, as necessary. These controls continue to be reviewed and adjusted based on the circumstances at each location. With these controls in place, our 2021 production guidance assumes that operations will continue without significant interruptions related to the ongoing COVID-19 pandemic.
Our focus is on the health and safety of our workforce and on measures to prevent and manage the transmission of COVID-19 within the workforce and the communities in which we operate. Management remains committed to operating safely and profitability while maintaining industry best practices in employee relations, community outreach, and environmental safeguards.
2020 highlights:
Fortuna is financially stable and does not hedge its precious metals production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and Toronto Stock Exchange (TSX: FVI).
Notes:
1 Gold equivalent ounces calculated using gold to silver ratio of 1:76
Lindero Mine first gold pour achieved on October 20th; commercial production planned for the first quarter of 2021
Positive construction decision made for the Lindero gold Project. Lindero has been designed as an 18,750 tonnes per day owner operated open pit mine with a pit life of 13 years based on existing Mineral Reserves
Acquired the fully permitted, development stage Lindero gold Project in Salta, Argentina
San Jose Mine expanded from 2,000 tpd to 3,000 tpd
Caylloma Mine mill throughput increased to 1,430 tpd
San Jose Mine expansion to 3,000 tpd initiated in Q1
Caylloma Mine processing plant optimization initiated in Q1
Shares voluntarily delisted from BVL
San Jose Mine expanded to 2,000 tpd
Trinidad North high-grade silver-gold discovery at San Jose Mine, Mexico
Commissioned San Jose Mine expansion from 1,150 to 1,800 tpd
Acquired Taviche Oeste concession which hosts Trinidad North discovery
Commenced construction of San Jose Mine mill expansion to 1,800 tpd
Shares begin trading on NYSE: FSM
San Jose Mine declared commercial production at 1,000 tpd
Shares begin trading on TSX: FVI
Positive pre-feasibility study reported for the San Jose Mine
Started construction of the San Jose Mine
Acquired 100% interest in San Jose project
Received Environmental Impact Study approval and construction permits to build the San Jose Mine
Shares begin trading on BVL: FVI
Successful drilling at the San Jose Project significantly increased Ag Eq resources
Re-initiated production at Caylloma Mine
Acquired 76% stake in the San Jose silver-gold Project located in Oaxaca, Mexico
Fortuna Silver Mines Inc. established
Shares trade on TSX.V: FVI
Acquired the Caylloma silver-lead-zinc Mine located in Arequipa, Peru