Fortuna’s Yaramoko Mine Reaches One-Million-Ounce Gold Pour Milestone’
By , CSIMarket.com ’
Vancouver, British Columbia, May 22, 2024 ’ Fortuna Silver Mines Inc. (TSX: FVI) (NYSE: FSM) has announced a significant milestone for its Yaramoko Mine located in Burkina Faso. As of May 19, 2024, the mine has successfully produced its one-millionth ounce of gold since beginning operations on May 16, 2016.
Yaramoko Mine, recognized for its high-grade gold deposits, was initially developed and operated independently until Fortuna Silver Mines Inc. acquired it on July 2, 2021. This acquisition marked a strategic move by Fortuna to expand its portfolio and strengthen its position as a leading growth-oriented gold and silver producer. The completion of this acquisition, as reported in a Fortuna news release dated July 2, 2021, integrated Yaramoko’s operations into Fortuna’s global asset base.
Since taking over the Yaramoko Mine, Fortuna has implemented several operational improvements aimed at maximizing efficiency and productivity. These efforts have culminated in this significant achievement of producing one million ounces of gold, underscoring the mine’s robust output and its contribution to Fortuna’s overall production growth.
In a statement, the company expressed its satisfaction with reaching this milestone, crediting the dedication and expertise of the mine’s workforce and the supportive regulatory environment in Burkina Faso. Fortuna Silver Mines Inc. continues to focus on sustainable and responsible mining practices, aiming to drive further value for its shareholders while supporting local communities.
This achievement reinforces the importance of the Yaramoko Mine within Fortuna’s portfolio and bolsters the company’s strategy of enhancing gold output and expanding its mining footprint globally.
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