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

Join our mining community!


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

Illustrative image for the article: Mining Prices on the Rise: Argentina’s Mineral Export Index Climbs 3% Driven by Gold and Copper

Mining Prices on the Rise: Argentina’s Mineral Export Index Climbs 3% Driven by Gold and Copper

According to a recent report from Argentina’s Secretariat of Mining, the global minerals market experienced significant volatility in March, reflecting a complex international backdrop shaped by macroeconomic uncertainty, geopolitical tensions, and shifts in trade policies among major global powers. Against this backdrop, Argentina’s Mineral Export Price Index rose 3% month-over-month, consolidating at historically high levels.

Illustrative image for the article: Arminera 2025: A Gathering to Discover the Latest Innovations in the Industry

Arminera 2025: A Gathering to Discover the Latest Innovations in the Industry

From May 20 to 22, Argentina’s mining industry will experience one of its most important events of the year: Arminera 2025. Over 300 companies will take over 20,000 m² at La Rural fairgrounds in Buenos Aires to showcase the latest innovations transforming the mining ecosystem at both local and regional levels.

The Future of Copper: Between Structural Challenges and Strategic Opportunity

The Future of Copper: Between Structural Challenges and Strategic Opportunity

The global race for copper is accelerating, with projections suggesting the world will need 70% more copper by 2050. This figure—equivalent to adding the output of 20 Escondida-sized mines each year—not only highlights the scale of the challenge but also underscores the vast opportunities for copper-producing countries, especially in South America.