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Fortuna Silver Mines Announces GHG Emissions Reduction Target for 2030 and Long-Term Objectives to 2050
VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce its objectives, metrics,
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) is pleased to announce its objectives, metrics, and targets concerning its greenhouse gas (“GHG”) emissions reduction pathways as part of the commitments contained in its Climate Change position statement disclosed in April 2022 (refer to Fortuna news release dated April 7, 2022). To this end, Fortuna: Has set a target to reduce Scope 1 and Scope 2 GHG emissions by 15 percent in 2030, compared to “business as usual” (“BAU”) forecast GHG emissions in 2030 if no intervention measures were taken. Is committed to supporting the global ambition of net-zero GHG emissions by 2050 through investing in technology, energy efficiency initiatives, and renewable energy over the long-term, where such investments are reliable, affordable, and competitive. 2030 GHG emissions reduction target Based on an assessment of existing activities, Fortuna has determined that a significant portion of its current GHG emissions is attributable to the use of diesel to power its operations. Accordingly, Fortuna’s biggest opportunities for reducing GHG emissions are related to electrification, and increased use of renewable energy. Fortuna expects to achieve its GHG emissions reduction target through the implementation of the following projects: Mine Initiative Outcome Séguéla, Côte d’Ivoire Provide renewable energy to the operation Construction and implementation of a solar power plant by 2025 GHG emissions expected to decrease by approximately 3,700 tCO2 per year over the 8-year LoM1 Lindero, Argentina Provide renewable energy to the operation Construction and implementation of a solar power plant by 2025 GHG emissions expected to decrease by approximately 10,820 tCO2 per year over the 11-year LoM Caylloma, Peru Provide low-carbon electricity to the operation In 2022, Caylloma switched to an energy supplier that provides electricity from 100 percent renewable energy sources GHG emissions expected to decrease by ~ 8,860 tCO2 per year over the 5-year LoM Caylloma, Peru Optimization of mine paste fill plant Construction and modernization of new paste fill plant will avoid use of truck haulage of tailings for plant feed GHG emissions expected to decrease by ~ 420 tCO2 per year over the 5-year LoM Note: 1. LoM: Life of mine based on M...