- Fortuna Silver Mines Inc. (FVI) has reported solid production results for its third fiscal quarter from its four operating mines in the Americas and West Africa
- It achieved another consistent production quarter, with all mines on target to reach its annual guidance for silver and gold
- Gold production value was 66,344 ounces, up 1.40 per cent from last year
- Silver production had a value of 1.83 million ounces, representing a 7.30 per cent increase
- Fortuna Silver Mines Inc. (FVI) is up 11.97 per cent and is trading at $4.21 per share as of 4:14 p.m. ET
Fortuna Silver Mines (FVI) has reported solid production results for its third fiscal quarter from its four operating mines in the Americas and West Africa.
The company stated it achieved another consistent production quarter, with all mines on target to reach its annual guidance for silver and gold.
This was highlighted by a gold production value of 66,344 ounces, up 1.40 percent year-over-year, which was mainly driven by contributions of 30,032 ounces from the Lindero Mine and 27,130 ounces from the Yaramoko Mine.
Silver production also yielded well, with a value of 1.83 million ounces, representing a 7.30 per cent increase over the comparable period in 2021. Fortuna stated this was because of the higher tonnage treated at the San Jose Mine. The company believes it is in a good position to achieve the upper range of silver annual guidance.
The company also shared it had a by-product base metal production of 9.1 million pounds of lead and 11.9 million pounds of zinc.
Fortuna’s silver and gold production for the first nine months of 2022 totalled 5.16 million ounces of silver and 195,315 ounces of gold.
Fortuna underlined its 2022 annual production guidance range was 6.2 to 6.9 million ounces of silver and 244 to 280 thousand ounces of gold or between 369,000 and 420,000 gold equivalent ounces, including lead and zinc by-products.
Fortuna Silver Mines Inc. (FVI) is up 11.97 per cent and is trading at $4.21 per share as of 4:14 p.m. ET.