(Kitco News) – Fortuna Silver Mines (TSX: FVI) reported today that in Q2 2022, the company produced 62,171 ounces of gold (up 100% over Q2 2021) and 1,652,895 ounces of silver (down 13% over Q2 2021).
The company said it delivered a steady production performance in Q2 2022 with all mines on target to achieve annual guidance for silver and gold, adding that gold production increase of 100% year-over-year was achieved due to positive performance of its Lindero and Yaramoko mines.
Fortuna noted that silver production decrease was primarily driven by a 9% decline in head grade at the San Jose mine, which is in line with the mineral reserve average grade for the second quarter.
The company’s by-product base metal production amounted to 7.6 million pounds of lead (Q2 2021: 8.1 million pounds) and 10.9 million pounds of zinc (Q2 2021: 11.8 million pounds).
Importantly, Fortuna said it reiterates its annual production guidance range of 6.2 to 6.9 million ounces of silver and 244 to 280 thousand ounces of gold.
The company also pointed out that at the Séguéla gold project in Côte d’Ivoire, despite the challenges seen in the supply and logistics markets, construction activities are progressing on-time and on-budget with the overall project progress reported at 64% complete as of June 30th. Major equipment packages have started to arrive at site and first gold pour is projected for mid-2023.
Fortuna Silver Mines is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Côte d’Ivoire.
Shared by Golden State Mint on GoldenStateMint.com
