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Fortuna Silver increases gold reserves 81% in 2021, silver reserves down 10%

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(Kitco News) - Fortuna Silver (TSX: FVI) today reported updated Mineral Reserve and Mineral Resource estimates as of December 31, 2021 for its four operating mines and its development project in the Americas and West Africa.

According to the company's statement, its combined Proven and Probable Mineral Reserves are reported containing 3.3 Moz of gold and 25.9 Moz of silver, representing a year-over-year increase of 81 percent and decrease of 10 percent, respectively.

The company's combined Inferred Mineral Resources are reported containing 1.0 Moz of gold and 26.3 Moz of silver reflecting a year-over-year increase of 82 percent and decrease of 8 percent, respectively.

Fortuna said that integration of Yaramoko and Séguéla into the company´s portfolio has significantly boosted its reserves and resources, while successful exploration and infill drilling resulted in the disclosure of Sunbird´s maiden inferred resource at Séguéla and expanded the reserves at Caylloma.

Importantly, the company added that ongoing Brownfields exploration programs at San Jose, Lindero and Yaramoko will continue at pace in 2022 with 53,000 meters of drilling planned for the year "aiming to grow the current resource base at these assets."

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.

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