(Kitco News) – Fortuna Silver Mines (TSX: FVI) in the present day reported manufacturing outcomes for the fourth-quarter and full-year 2020 from its three working mines in Latin America, the San Jose mine in Mexico, the Caylloma mine in Peru, and the Lindero mine in Argentina.
For the total 12 months 2020, the corporate produced 7,133,717 ounces of silver and 55,349 ounces of gold or 11.3 million silver equal ounces.
The corporate withdrew its manufacturing and price steerage for 2020 in early April because of the COVID-19 pandemic and the short-term shutdown of operations mandated by governments in Mexico and Argentina and selected to not difficulty a revised steerage when operations and actions re-started in Mexico and Argentina.
In 2020, the corporate produced 7,133,717 ounces of silver, a 19% lower over 2019, whereas gold manufacturing elevated by 10% to 55,349 ounces. Lead manufacturing was 29,627,923 kilos, or 3% increased than in 2019. Zinc manufacturing of 45,545,299 kilos was consistent with 2019.
In 2021, the corporate expects gold manufacturing of between 178 to 202 thousand ounces; a projected enhance of between 322 to 365% over 2020. Silver manufacturing will likely be between 6.8 to 7.6 million ounces; a projected lower of 5% over 2020 to a projected enhance of seven% over 2020. Gold equal manufacturing in 2021 anticipated to be between 267 to 302 thousand ounces; a projected enhance of between 79 to 103% over 2020.
Fortuna Silver Mines is a Canadian treasured metals mining firm with operations in Peru, Mexico and Argentina.
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