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Fortuna Silver Mines reports 2022 full year record production of 401,878 gold equivalent ounces and issues 2023 annual guidance
VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports production results for the fourth quarte
About this update from Fortuna Mining Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Fortuna Silver Mines Inc. (NYSE: FSM) (TSX: FVI) reports production results for the fourth quarter and full year 2022 from its four operating mines in the Americas and West Africa. For the full year 2022, the Company produced 259,427 ounces of gold and 6,907,275 ounces of silver or 401,878 gold equivalent1 ounces. All references to dollar amounts in this news release are expressed in US dollars. 2022 Consolidated Production Highlights Gold production of 259,427 ounces; 25 percent increase over 2021 Silver production of 6,907,275 ounces; 8 percent decrease over 2021 Lead production of 34,588,324 pounds; 5 percent increase over 2021 Zinc production of 46,175,821 pounds; 3 percent decrease over 2021 All production results are in line with the mining sequence and Mineral Reserves estimates. 2023 Consolidated Production Guidance Highlights Gold production of between 282 to 320 thousand ounces; a projected increase of between 9 to 23 percent over 2022 Silver production of between 6.3 to 6.9 million ounces; a projected decrease of up to 9 percent over 2022 Gold equivalent production2 of between 412 to 463 thousand ounces; a projected increase of between 3 to 15 percent over 2022 Notes: Au Eq includes gold, silver, lead and zinc and is calculated using the following metal prices: $1,802/oz Au, $21.75/oz Ag, $2,161/t Pb and $3,468/t Zn or Au:Ag = 1:82.89, Au:Pb = 1:0.83, Au:Zn = 1:0.52 Au Eq includes gold, silver, lead and zinc and is calculated using the following metal prices: $1,700/oz Au, $21/oz Ag, $2,000/t Pb and $3,200/t Zn or Au:Ag = 1:81.00, Au:Pb = 1:0.85, Au:Zn = 1:0.53 2022 Consolidated Operating Highlights Fourth Quarter 2022 Full Year 2022 Lindero, Argentina San Jose, Mexico Yaramoko, Burkina Faso Caylloma,Peru Consolidated Lindero,Argentina San Jose, Mexico Yaramoko, Burkina Faso Caylloma, Peru Consolidated OPERATIONAL FIGURES Tonnes milled 259,500 142,694 138,491 1,029,590 546,651 546,186 Average tpd milled 2,883 1,568 1,556 2,925 1,523 1,539 Ore placed on pad (t) 1,334,509 5,498,064 SILVER1 Grade (g/t) 194 75 191 80 Recovery (%) 91.1 81.4  ...