John Pereira's questions to FORTUNA MINING (FSM) leadership • Q2 2024
Question
Asked for a timeline on the Yessi Vein exploration update, details on Lindero's capital expenditures (remaining spend, timeline, normalized rate), and whether other major CapEx projects are planned. Also sought clarification on the purpose of the leach pad expansion.
Answer
An update on the Yessi Vein and the future of the San Jose mine is expected in Q3 2024. The bulk of Lindero's heavy CapEx for the leach pad expansion will be spent in Q3, with a normalized annual CapEx of $20-25 million expected thereafter. No other projects of this scale are planned. The leach pad expansion is for future reserve capacity, not for increasing throughput.