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Fortuna Silver Commissions 3,000 Tpd Mill Expansion at San Jose
Jul. 07, 2016 09:59AM PST
Silver Investing
Fortuna Silver Mines (NYSE:FSM) announced that it has successfully commissioned the expansion of its San Jose mine on-time and under-budget. The mill at the mine has been expanded from 2,000 to 3,000 tonnes per day. As quoted in the press release: As of the first of July, the processing plant and mine are fully operational …
Fortuna Silver Mines (NYSE:FSM) announced that it has successfully commissioned the expansion of its San Jose mine on-time and under-budget. The mill at the mine has been expanded from 2,000 to 3,000 tonnes per day.
As quoted in the press release:
As of the first of July, the processing plant and mine are fully operational at 3,000 tpd; allowing for an annual production rate of 7-8 million ounces of silver and 50-53 thousand ounces of gold. The capital expenditure of the plant expansion was US$27.5 million, 16% below budget.