Sign in

    John Pereira • Private Investor

    John Pereira's questions to Fortuna Mining Corp (FSM) leadership

    John Pereira's questions to Fortuna Mining Corp (FSM) leadership • Q2 2024

    Question

    John Pereira, a private investor, asked for a timeline on exploration updates for the Yessi Vein at San Jose and sought clarification on the remaining capital expenditure for the Lindero mine's leach pad expansion.

    Answer

    President and CEO Jorge Alberto Ganoza stated that an update on the San Jose mine's future, incorporating the Yessi Vein drilling results, is expected before the end of Q3 2024. Regarding Lindero, he and CFO Luis Dario Ganoza clarified that of the $64 million total 2024 CapEx, $42 million is for the leach pad. They confirmed significant spending will occur in Q3, tailing off in Q4, with a normalized annual CapEx for Lindero expected to be $20-$25 million going forward.

    Ask Fintool Equity Research AI

    John Pereira's questions to Fortuna Mining Corp (FSM) leadership • Q2 2024

    Question

    John Pereira, a private investor, followed up on the San Jose mine, asking for a timeline on exploration updates for the Yessi Vein. He also sought detailed clarification on the remaining sustaining capital expenditure for the Lindero mine's leach pad expansion and the expected normalized CapEx rate post-completion.

    Answer

    President and CEO Jorge Durant explained that a decision on San Jose's future, incorporating the Yessi Vein drilling results, is expected before the end of Q3. Regarding Lindero, he clarified that the leach pad is a $42 million project within the year's total capital budget. CFO Luis Durant added that after the current expansion, the normalized annual sustaining CapEx for Lindero is expected to be in the $20 million to $25 million range.

    Ask Fintool Equity Research AI