2020E Consolidated Production and Cash Cost Guidance

MineSilver
(Moz)
Gold
(koz)
Lead
(Mlbs)
Zinc
(Mlbs)
Cash Cost
(US$/t)
AISC1
Silver     (US$/oz Ag Eq)
San Jose, Mexico6.6 - 7.341 - 45----65.6 - 72.59.6 - 11.7
Caylloma, Peru0.9 - 1.0--27.2 - 30.144.0 - 48.681.4 - 89.914.8 - 18.1
Gold     (US$/oz Au)
Lindero2,3, Argentina--60 - 80----10.2 - 11.4520 - 620
Consolidated Total7.5 - 8.3101 - 12527.2 - 30.144.0 - 48.6  

 

Notes:

  1. All-in sustaining cost (AISC) is a non-GAAP financial measure, refer to Forward-looking Statements regarding non-GAAP financial measures at the end of this news release; AISC includes production cash cost, commercial and government royalties, mining tax, export duties (as applicable), worker’s participation (as applicable), subsidiary G&A, sustaining capital expenditures, and Brownfields exploration and is estimated at metal prices of US$1,450/oz Au, US$17/oz Ag, US$2,100/t Pb, and US$2,500/t Zn
  2. Lindero’s production and cost guidance is based on the updated construction and commissioning schedule, as detailed in Fortuna’s news release dated February 13, 2020, with ore to be placed on the leach pad and first doré pour scheduled in the second quarter of 2020. Any material changes to the construction or commissioning schedule may have a material impact on Lindero’s production and cost guidance
  3. Lindero’s all-in sustaining cost is based on commercial production and includes an export duty of 5% of revenue
  4. Totals may not add due to rounding
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