Not sure why this doesnt show as news on many usua https://www.steelguru.com/metals_news/Fortuna_Silver_surpasses_guidance_in_2012/297642.html
Vancouver based Fortuna Silver Mines surpassed its 2012 guidance of 3.7Moz silver and 17,400oz gold, and will be increasing its guidance for this year.
Mr Jorge Ganoza president, CEO and director told BNamericas that he is expecting to see output closer to 4Moz silver and 20,000oz gold for 2013.
Even though Fortuna's Caylloma mine in Peru's Arequipa region exceeded the guidance set for 2012, the main contributor to the company's more than expected production results last year has been its San José mine in Oaxaca state, Mexico.
Mr Ganoza said that "San Jose has contributed in a significant manner, allowing us to surpass our guidance. Caylloma reached its guidance, and a little more, but the mine that has had the best performance regarding the guidance has been San José.”
An expansion is underway at San José to increase concentrator throughput and raise the mining rate from 1,000t/d to 1,500t/d, taking output from some 2Moz of silver and 18,000oz of gold to the new rates of 3M-3.5Moz of silver and 25,000oz of gold by mid-2013.
The CEO said that the expansion is expected to be completed in June or July 2013.
An expansion of Caylloma's tailings facilities was also completed recently at the Peruvian site, where Fortuna is focusing on optimizing processes to increase output.
Source - BNamericas
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