In addition, base metals byproducts also reached record highs, with approximately 55.1 million lb. of zinc and 40.9 million lb. of lead, representing yearly increases of 19% and 18% respectively.
Silver production, however, saw a 15% decline to 5.9 million oz. due to decreased production at the San Jose mine Mexico following an illegal union blockade in the second quarter and operational challenges thereafter. In the end, silver output was 7% below the lower end of the 2023 guidance.
Still, on a gold-equivalent basis, Fortuna’s company-wide production including the base metal byproducts was a record 452,389 oz.
Looking ahead, the precious metals miner is expecting gold-equivalent production of between 457,000-497,000 oz. in 2024, for a projected increase of between 1-10% over last year.
The 2024 guidance comprises 343,000-385,000 oz. of gold, for a projected increase of between 5-18%, and 4.0-4.7 million oz. of silver, for a…
