FSM - Fortuna pours first gold at Seguela mine in Côte d'Ivoire
2023-05-25 10:53:50 ET
Fortuna Silver Mines ( NYSE: FSM ) said Thursday first gold has been poured at the Seguela mine in Côte d'Ivoire, becoming the company's fifth operating mine.
The mine now enters into the ramp-up phase, where management plans to achieve nominal rate of production during Q3.
Fortuna ( FSM ) expects the Seguela mine will produce 60K-75K oz of gold in 2023 at an all-in sustaining cost of $880-$1,080/oz of gold.
The new mine highlights Fortuna's ( FSM ) growing presence in West Africa, following its recent agreement to acquire Chesser Resources and adding the Diamba Sud gold project in Senegal to the company's portfolio.
More on Fortuna Silver Mines:
- Financial and valuation comparison to sector peers
- Analysis: Fortuna Silver Mines: The Seguela Mine Is A Go
- Stock price return: Down 13.5% YTD, down 4.5% in the past 12 months
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Fortuna pours first gold at Seguela mine in Côte d’Ivoire