Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Mexico, Peru, and Argentina. We produce silver and gold and generate shared value over the long-term for our shareholders and stakeholders through efficient production, environmental protection, and social responsibility. Sustainability is integral to all our operations and relationships.
On January 19, 2021, we issued our consolidated production guidance for 2021. We plan to produce between 6.8 to 7.6 million ounces of silver and 178 to 202 thousand ounces of gold or 267 to 302 thousand of gold equivalent1 ounces in 2021. These production estimates are based on Mineral Reserves and Resources estimated as of June 30, 2020.
Production at our mines was disrupted in 2020 due to the COVID-19 pandemic and the government mandated measures implemented to curb the spread of the virus, which included the temporary shutdown of operations, mandatory quarantine periods and restrictions on travel. At our San Jose, Caylloma and Lindero mines, we installed health and safety protocols to control, isolate and quarantine, as necessary. These controls continue to be reviewed and adjusted based on the circumstances at each location. With these controls in place, our 2021 production guidance assumes that operations will continue without significant interruptions related to the ongoing COVID-19 pandemic.
Our focus is on the health and safety of our workforce and on measures to prevent and manage the transmission of COVID-19 within the workforce and the communities in which we operate. Management remains committed to operating safely and profitability while maintaining industry best practices in employee relations, community outreach, and environmental safeguards.
- Zero COVID-19 cases registered on-site
- San Jose 2020 production: 6.17 million ounces of silver and 37,805 ounces of gold
- Caylloma 2020 production: 0.97 million onces of silver, 4,109 ounces of gold, 29.63 million pounds of lead, and 45.55 million pounds of zinc
- Lindero first gold pour: October 20, 2020
- Lindero 2020 production: 13,435 ounces of gold
Fortuna is financially stable and does not hedge its precious metals production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and Toronto Stock Exchange (TSX: FVI).
1 Gold equivalent ounces calculated using gold to silver ratio of 1:76