Source: Fortuna Silver Mines Inc.
  • Fortuna Silver (TSX:FVI) has poured the first gold at its Séguéla Mine in Côte d’Ivoire on the coast of western Africa
  • The Séguéla Mine is expected to produce between 60,000 to 75,000 ounces of gold in 2023 at an all-in sustaining cost of between US$880 and $1,080 per ounce of gold
  • The Vancouver-based precious metals explorer noted that the mine is transitioning from commissioning to a ramp-up phase
  • Fortuna Silver Mines Inc. (FVI) opened trading at C$4.42

Fortuna Silver (TSX:FVI) has poured the first gold at its Séguéla Mine in Côte d’Ivoire on the coast of western Africa.

The Séguéla Mine is expected to produce between 60,000 to 75,000 ounces of gold in 2023 at an all-in sustaining cost of between US$880 and $1,080 per ounce of gold.

The Vancouver-based precious metals explorer noted that the mine is transitioning from commissioning to a ramp-up phase.

The company’s CEO, Jorge A. Ganoza commented that Séguéla has become its fifth operating mine.

“The team at Séguéla has performed phenomenally and delivered on-time and on-budget, a testament to their professionalism and dedication in bringing this asset from exploration to production. Mr. Ganoza continued, “Séguéla now enters into the ramp-up phase where management plans to achieve nominal rate of production during the third quarter. Séguéla will be a cornerstone asset in Fortuna’s portfolio for years to come, and we look forward to unlocking the value it brings to all of our stakeholders.”

Fortuna Silver Mines Inc. is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico, and Peru, and a fifth in Côte d’Ivoire. The company recently recorded an adjusted net income of US$13.2 million or $0.05 per share in Q1 2023, click here for more.

Fortuna Silver Mines Inc. (FVI) opened trading at C$4.42.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

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