About Fortuna Silver Mines
Fortuna Silver Mines Inc. engages in the precious and base metals mining and related activities in Latin America and West Africa, including exploration, extraction, and processing. The company’s principal products are silver and gold, although it also produces and sells lead and zinc. The company’s gold production at the Lindero Mine and the Yaramoko Mine is in the form of gold doré bars. On July 2, 2021, the company completed its acquisition of Roxgold Inc. (Roxgold). As a result of the Roxgold Acquisition, the company acquired the producing Yaramoko mine in Burkina Faso, the Seguela advanced gold project in CÔte d’Ivoire and certain exploration projects in Burkina Faso and CÔte d’Ivoire As of December 31, 2022, Fortuna operated the San Jose silver and gold mine (the San Jose Mine) (100% ownership) in southern Mexico; operated the Lindero open pit gold mine (the Lindero Mine) (100% ownership) in northern Argentina; operated the Yaramoko gold mine (the Yaramoko Mine) (90% ownership) in southwestern Burkina Faso; operated the Caylloma silver, lead and zinc mine (the Caylloma Mine) (100% ownership) in southern Peru; and is constructing an open pit gold mine at the Séguéla project (the Séguéla Project) (90% ownership) in northwestern CÔte d’Ivoire. The company also has various greenfields exploration properties at different stages of development in CÔte d’Ivoire, Mexico, Argentina and Burkina Faso, including the advanced stage exploration project at Boussoura located in the province of Poni in Burkina Faso. In 2022, the company produced 259,427 ounces of gold, 6,907,275 ounces of silver, 34,588,324 pounds of lead and 46,175,821 pounds of zinc. Foreign Operations The company’s material mineral resource properties are located in Argentina, Burkina Faso, CÔte d’Ivoire, Mexico and Peru. Material Mineral Properties The company has five material mineral projects. San Jose Mine The mine produces silver and gold and is located in the state of Oaxaca, southern Mexico. The mine produced 5,762,562 ounces of silver and 34,124 ounces of gold in 2022. The company filed a technical report on this property in 2019. Lindero Mine The mine produces gold and is located in the Province of Salta, northern Argentina. The mine produced 118,418 ounces of gold in 2022. The company filed a technical report on this property in 2023. Yaramoko Mine The mine produces gold and is located in the Province of Bale in southwestern Burkina Faso. The mine produced 106,108 ounces of gold in 2022. The company filed a technical report on this property in 2023. Caylloma Mine The mine which produces silver, zinc and lead and is located in the Caylloma District of Arequipa in southern Peru. The mine produced 1,144,713 ounces of silver, 46.2 million pounds of zinc and 34.6 million pounds of lead in 2022. The Company filed a technical report on this property in 2019. Seguela Project The Project is located in the Region of Worodougou in northwestern CÔte d’Ivoire and is under construction to be a gold mine. The company filed a technical report on this property in 2021. History The company was founded in 1990. It was incorporated in 1990 pursuant to the Company Act (British Columbia). The company was formerly known as Jopec Resources Ltd. and changed its name to Fortuna Ventures Inc. in 1999. Further, the company changed its name to Fortuna Silver Mines Inc. in 2005.