RE:RE:RE:RE:Fortuna Silver to invest over US$60mn in Argentine gold ... The leaching process improvements are also expected to prepare for the contribution from the nearby Arizaro project, where greenfield exploration continues.
Fortuna plans to place 6.6Mt of ore from the Lindero open pit on the leach pad averaging 0.62g/t gold, containing an estimated 131,000oz.
Meanwhile, construction of a 6MW photovoltaic plant will advance to supply Lindero's industrial operations, which began in 2020, the province said in a press release. It added that Salta’s mining and energy ministry approved the environmental impact report.
The plant will help reduce dependence on diesel, taking advantage of the solar conditions in the area, the release said.
Although Fortuna's operational efficiency programs led to cost reductions at Lindero, further development depends on macroeconomic and tax policy changes approved by the Javier Milei administration, according to the report.
Fortuna’s 2024 strategy aims to address all possible price scenarios in the precious metals market and jurisdictional risks with a “proven capital allocation and asset selection approach and efficient and effective cost management,” CEO Jorge Ganoza said.
In addition to Lindero, Fortuna's Latin American portfolio includes the San Jos mine in Mexico and Caylloma in Peru.
