Lindero gold mine: Fortuna reports updated Mineral Reserves and Mineral Resources

Lindero gold mine: Fortuna reports updated Mineral Reserves and Mineral Resources
Lindero gold mine: Fortuna reports updated Mineral Reserves and Mineral Resources
Share:
Fortuna Silver Mines has provided its latest Mineral Reserve and Mineral Resource estimates as of December 31, 2023 for its five operating mines in West Africa and the Americas, as well as the Arizaro project, part of the Lindero mine located in Salta and operated through its subsidiary Mansfield Minera SA, in Argentina.

By Panorama Minero

The Lindero mine had Proven and Probable Mineral Reserves of 71.5 Mt, containing 1.3 Moz of gold, in addition to Measured and Indicated Resources, excluding Mineral Reserves, of 30.5 Mt containing 412 koz Au, and Inferred Resources of 25.3 Mt with 386 koz Au.

Since December 31, 2022, Mineral Reserve tonnes decreased by 10% at the mine, while the gold grade remained relatively unchanged at 0.56 g/t Au. Changes are primarily due to mining extraction and sterilization of 6.5 Mt of material containing 122 koz Au delivered to the heap leach pad in 2023, alongside an increase in the cut-off grade due to higher operating costs, resulting in a decrease of 2.3 Mt containing 21 koz Au.

"The gold ounces of Measured and Indicated Resources, excluding Mineral Reserves, remained relatively unchanged year after year," stated the operating company.

Meanwhile, Inferred Resource tonnes increased by 1.1 Mt, or 5%, to 25.3 Mt since December 31, 2022, with the gold grade remaining unchanged at 0.47 g/t. The slight increase in Inferred Resources is due to minor adjustments in the optimization of the pit shell.

Arizaro Gold Project

As of December 31, 2023, the Arizaro gold project, part of the Lindero mine property, had Inferred Mineral Resources of 24.1 Mt with an average of 0.40 g/t Au, containing 310 koz of gold, remaining relatively unchanged from the previous year, except for minor adjustments in the pit shell. Mineralization remains open at depth and along the trend of the northeast to southwest striking porphyry.

Published by: Panorama Minero

Category: News

Magazine

Edición 533 - agosto 2024
Edición 532 - Julio 2024
Edición 531 - Junio 2024
Edición 530 - Mayo 2024
Edición 529 - Abril 2024
2024 Argentine Mining Compendium
Edición 528 - Marzo 2024
Edición 527 - Febrero 2024
Edición 526 - Diciembre 2023
Edición 525 - Noviembre 2023
Edición 524 - Octubre 2023
Edición 523 - Septiembre 2023

Events

  • Expo San Juan
  • Lithium in South America

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Imagen ilustrativa para el artículo: The Event of the Year in Lithium: A Meeting of Industry Leaders on October 9 and 10

The Event of the Year in Lithium: A Meeting of Industry Leaders on October 9 and 10

Jujuy will take center stage at the 13th edition of the International Seminar: Lithium in South America, the pioneering event in the lithium sector, organized by the specialized media Panorama Minero since 2011. As in previous years, it is expected to gather thousands of representatives linked to one of the most attractive segments of both Argentine and global mining.
Imagen ilustrativa para el artículo: Mining Exports Represented 9.1% of Total Argentine Exports

Mining Exports Represented 9.1% of Total Argentine Exports

Mineral exports during August 2024 reached US$550 million, accumulating a total of US$2.736 billion in the first eight months of the year. This information comes from a recent report by the National Mining Secretariat, presented at the end of September.
Imagen ilustrativa para el artículo: GEMERA Announces New Board of Directors

GEMERA Announces New Board of Directors

The Group of Mining Exploration Companies of the Argentine Republic (GEMERA) has announced the new formation of its Board of Directors, which will lead the organization in its mission to promote the sustainable development of the mining industry in the country.
Salta to Review Taca Taca's Environmental Impact Assessment Ahead of Construction

Salta to Review Taca Taca's Environmental Impact Assessment Ahead of Construction

The province of Salta will host a technical and scientific meeting and joint inspection regarding the Taca Taca Project, one of Argentina's five major copper initiatives. Various departments within the Ministry of Production and Sustainable Development, together with the Argentine Geological and Mining Service (SEGEMAR), will assess the project's Environmental and Social Impact Assessment (ESIA), while also conducting on-site oversight and monitoring activities.
NGEx Announces Exploration Plan for Lunahuasi

NGEx Announces Exploration Plan for Lunahuasi

NGEx Minerals Ltd. announced its exploration plan and strategy for the largest drill program to date at the Lunahuasi high-grade copper-gold-silver project in San Juan province. The field team is on site preparing for mobilization of drill rigs with drilling expected to start in early October.
Salta: Hanaq to Launch a Pilot Plant of 3,000 Tons of Lithium

Salta: Hanaq to Launch a Pilot Plant of 3,000 Tons of Lithium

Hanaq Group has achieved a significant milestone in its Doncella lithium project, located in the Arizaro Salt Flat, in Salta province, by obtaining the Environmental Impact Statement (EIA) which will allow the construction of a 3,000-ton-per-year pilot plant for lithium carbonate. This progress came after successfully completing the Free and Informed Public Consultation (CPLI) and the Public Hearing in the local community of Tolar Grande.
Gold Price Hits a New All-Time High

Gold Price Hits a New All-Time High

The gold market continues to show strong momentum, reaching a new all-time high this week. The spot price of the yellow metal surpassed US$2,660 per ounce for the first time during the September 24th session, driven by a combination of economic and geopolitical factors that continue to boost its demand as a safe-haven asset.
Lithium: Arcadium Lithium Announces Ambitious Expansion Plan in Argentina

Lithium: Arcadium Lithium Announces Ambitious Expansion Plan in Argentina

Arcadium Lithium, one of the world's leading lithium producers, has unveiled a strategic plan that promises significant growth in the coming years, with Argentina positioned as a key pillar. The company expects to double its sales volumes by 2028 and achieve an adjusted EBITDA of US$1.3 billion, driven by strong global demand for lithium. Paul Graves, the company’s President and CEO, highlighted that the combination of a vertically integrated operational network and a disciplined commercial strategy will maximize the value of each unit of lithium delivered to its customers.
Argentina: For Every 100 Dollars Exported in the Year, the Mining Industry Imported 32 Dollars

Argentina: For Every 100 Dollars Exported in the Year, the Mining Industry Imported 32 Dollars

In July, as detailed in a recent report released by the Secretariat of Mining, companies within Argentina's mining project portfolio achieved a trade surplus of US$134 million, representing a year-on-year decline of 43.3%. This result reflects mining exports totaling US$226 million against imports of US$91 million. As such, the exports of these companies were more than double their imports. In the first seven months of 2024, the cumulative trade balance of these companies showed a surplus of US$1.434 billion, although this represents a 14.9% decrease compared to the same period of the previous year.