Business & Industry

Jan 31, 2016

A Fortune of Mine

Nowadays, metals like silver, gold, lead and zinc are vital commodities in our daily lives. From cell phones to renewable energy and medical equipment, these precious and base metals form the building blocks of our society. Demand for most metals continues to climb as the world's population rises and standards of living improve in developing countries.

Fortuna Silver Mines contributes to this growing demand by producing metals responsibly and by making a lasting contribution to local communities where they operate. Formed in 2005, the company has established a reputation as an efficient mine builder and strong operator. Today, Fortuna is one of Latin America's fastest-growing silver producers.

Fortuna plans to supplement an organic growth by selectively pursuing accretive acquisition opportunities in the Americas. With the implementation of several measures, such as focus on operational efficiencies to reduce cash costs, expansion of the San Jose Mine from 2,000 to 3,000 tpd and conducting engineering studies at the Caylloma Mine to assess plant optimization opportunities, the company features a sustainable growth strategy. Fortuna operates two, underground silver mines in Latin America: the San Jose Mine in Mexico and the Caylloma Mine in Peru.

San-Jose Mine

The San Jose mine was commissioned in July 2011 and began commercial production in September 2011. In September of 2013, it was expanded from 1,150 to 1,800 tpd and in April 2014, it was further expanded to 2,000 tpd without incurring in additional capital investments. The mine is located in the Taviche Mining in the southern portion of the state of Oaxaca.

Caylloma Mine

The silver- and base metal-rich epithermal deposits of the Caylloma Mining District of southern Peru have been mined intermittently for over 500 years since the times of the Inca Empire. Production is sourced primarily from the silver-polymetallic Animas vein (95%), with the balance from the Bateas vein. Caylloma is located approximately 225 kilometers northwest of Arequipa, Peru. The mine, processing plant and related infrastructure are located in the Caylloma Mining District. The mine is connected to the national power grid and water is locally available.

Health and Safety

Ensuring the health and safety of employees is among the core values of Fortuna. There is no tolerance for unsafe acts or conditions. As an organization, they believe that it is possible to prevent all injuries and occupational illnesses by employing the best safety and health practices. Management is also responsible for ensuring a safe workplace by minimizing hazards and providing training and safe equipment. The company encourages a strong safety culture that empowers all employees to report and address safety issues. For this, Fortuna maintains an integrated program of employee training and workplace inspections at all operations, expecting similarly rigorous procedures from contractors. They assume the responsibility to identify safety and environmental hazards to evaluate and control risks and impacts of the operations and explorations, maintain an optimum level of preparedness in the event of an emergency, encourage and promote employee well-being among the workforce and maintain responsible and timely communication with workers and stakeholders.

Environment

Throughout the organization, Fortuna interacts proactively with authorities and communicates transparently and openly about the activities. In addition, starting at the earliest stages of project development, they work directly and collaboratively with local communities to protect and preserve the environment. The responsible use of natural resources and protection of the environment starts at the mine sites, where sustainable resource planning and development to minimize impacts is applied. Employees are trained to respond quickly and effectively to an environmental incident.

More Articles

FeaturedArticles

  • allergie-alimentari-microbioma

    Science & Nature

    May 1, 2017

    I, THE COLECTIVE BEING

    Have you ever stopped to think that you are not one, but many? I am not referring only to the historical legacy, what you have assimilated from your parents, genes, tics, ways of speaking, etc. I am referring to the number of organisms...

  • Cb_z-_QUYAAQW51

    Luxury & Fashion

    Mar 1, 2017

    ROTHY'S - STYLE: RECYCLABLE

    Are you tired of those brand sneakers which look the same as all the other from your best friends?! Yes, the ones you wear when you reach the end of the day and you need some rest for your feet. So, this article is for you, discover...

  • AdobeStock_86784638

    Business & Industry

    Mar 1, 2017

    EAU DE COLOGNE - ALL THE SMELLS IN THE WORLD

    The world is not just thought, spoken, read or seen. It's felt, smelled and heard. Our relation with cities is such an example. They have identities that are built both in the imagination of those who have never lived in them and...


  • ApisCor_febr_03

    Technology

    May 1, 2017

    As if by magic

    It looks like a figurative expression: "houses grow like mushrooms", but it will soon become literal. In February, 2017, in Russia, appeared the first house with 38 m2 area. The house grew up within 24 hours in the town of Stupino,...

  • 1

    Culture & Art

    Oct 8, 2018

    MILESTII MICI

    "Imagine a cellar with hundreds of kilometers of tunnels full of wine, some million bottles, thousands of hectoliters in barrels, hundreds of crops, tens of varieties, so big underground it can only be visited by car. This is the...

  • 15026-americaandrsquos-cup-2017-the-journey-to-bermuda-begins-in-portsmouth

    Sport

    Jun 1, 2017

    THE FASTEST YACHTS EVER

    After 35 years of the first competition in 1851, in English soil, Bermuda are the stage of the 2017 America's Cup edition. Since then, this event hasn´t ceased to gain prestige and interest worldwide. Mandatory destination for yacht...


  • A Minimal Realm

    Luxury & Fashion

    Jan 31, 2016

    A Minimal Realm

    Jewelry is a pleasure that is very hard to satisfy. We can stay in a boutique for hours and never find the right piece. Enter Mirta, a sublime, simple, yet so very complete collection of jewelry, where minimal is not only a concept –...

  • 1

    Science & Nature

    Jun 1, 2015

    Gardening exotic straight from Africa

    Exotic plants are sought by gardeners all over the planet, making them part of a global business where beauty is more important than cost. South African flora is very unique in the world. Many species of succulents only grow in South...

  • 60

    Luxury & Fashion

    Aug 1, 2015

    Seeing is believing

    It is March 17, 1934, and Guglielmo Tabacchi, the founder of Safilo eyewear, just acquired the Fratelli Cargnel factory, an eyewear factory founded in 1878 in Pieve di Cadore, Belluno, Italy. He renamed it Safilo - Società Azionaria...