Fortuna reports decline in silver and gold reserves, resources up
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(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today announced updated mineral reserve and mineral resource estimates for its four operating mines and its development Séguéla gold project as of December 31, 2022.
According to a company statement, its combined proven and probable mineral reserves are reported containing 2.8 Moz Au and 20.1 Moz Ag, representing a year-over-year decrease of 14% and 22%, respectively.
Combined measured and indicated resources exclusive of mineral reserves are reported containing 1.1 Moz Au and 10.5 Moz Ag, representing a year-over-year increase of 32% in gold and no change in silver.
Combined inferred mineral resources are reported containing 1.4 Moz Au and 26.5 Moz Ag reflecting a year-over-year increase of 39% and 1%, respectively.
The company also reported maiden inferred mineral resources for the Arizaro project in Argentina, located 3.2 kilometers southeast of the Lindero mine, containing 280 koz Au.
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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