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(Kitco News) - Fortuna Silver Mines (NYSE: FSM) (TSX: FVI) reported today that its five operating mines in West Africa and Latin America produced 93,454 gold equivalent ounces in Q2 2023, down 3.4% compared to 96,712 ounces in Q2 2022.
The company’s Q2 2023 gold equivalent production consists of 64,348 ounces of gold (4% increase over Q2 2022); 1,262,561 ounces of silver (24% decrease over Q2 2022); 14 million pounds of zinc (29% increase over Q2 2022); and 10 million pounds of lead (34% increase over Q2 2022).
Fortuna Silver said that the higher year-over-year gold production is primarily due to the start of production at the Séguéla mine which offset lower gold and silver production from the San Jose mine, which was impacted by a 15-day illegal union worker blockade.
The Séguéla mine poured first gold on May 24 and produced 4,023 ounces during the initial ramp up weeks of the second quarter with first sales planned for July.
Importantly, the company reiterated its 2023 annual production guidance range of 6.3 to 6.9 million ounces of silver and 282 to 320 thousand ounces of gold or between 412,000 and 463,000 gold equivalent ounces, including lead and zinc by-products.
Fortuna Silver Mines is a Canadian precious metals mining company with five operating mines in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru.
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