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Fortuna Silver reports record production of 401,878 gold equivalent ounces in 2022

Kitco Media
By Vladimir Basov
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(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) today reported that for the full year 2022, the company produced 259,427 ounces of gold and 6,907,275 ounces of silver or record 401,878 gold equivalent ounces from its four operating mines in the Americas and West Africa.

In 2022, the company produced 259,427 ounces of gold, which is a 25% increase over 2021, while silver production of 6,907,275 ounces was down 8% over 2021. The company also produced 34,588,324 pounds of lead (up 5% over 2021) and 46,175,821 pounds of zinc (down 3% over 2021).

In 2023, the company expects gold production of between 282 to 320 thousand ounces (a projected increase of between 9 to 23% over 2022) and silver production of between 6.3 to 6.9 million ounces (a projected decrease of up to 9% over 2022). Gold equivalent production is forecast to be between 412 to 463 thousand ounces in 2023 (a projected increase of between 3 to 15% over 2022).

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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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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