Fortuna Silver Mines Inc. is a Canadian precious metals mining company with operations in Peru, Mexico, and Argentina. Sustainability is integral to all our operations and relationships. 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.
In July 2016, Fortuna acquired the open pit, heap leach development stage Lindero gold project in Salta, Argentina; a positive construction decision was made in September 2017. The Lindero Mine has been designed as an 18,750 tonnes per day owner operated open pit operation with a pit life of 13 years based on current Mineral Reserves. The crushed ore is placed on a leach pad with the pregnant solution to be pumped to SART and ADR plants prior to electrowinning and refining where gold will be poured to doré bars. The Company is advancing Lindero's ramp up phase as per the plan outlined in the news release dated May 8, 2020. On October 20, 2020, Lindero´s first gold pour was achieved; commercial production is expected in the first quarter of 2021.
The rapid worldwide spread of COVID-19 is prompting governments to continue implementing restrictive measures to curb the spread of COVID-19. During this period of uncertainty, our priorities are to safeguard the health and safety of our personnel and our local communities; support and enforce government actions to slow the spread of COVID-19; and to assess and mitigate the risks to our business continuity.
As a result of the COVID-19 government-mandated constraints on business in the countries that host our operations and the uncertainties related to these constraints, the Company is currently unable to determine the impact on its production and cost guidance for 2020. Therefore, the Company's production and cost guidance for 2020 has been withdrawn until further notice.
Fortuna is financially stable and does not hedge its silver or gold production. Shares of the company trade mainly on the New York Stock Exchange (NYSE: FSM) and Toronto Stock Exchange (TSX: FVI).