Fortuna's 30% capacity expansion at Séguéla gold mine advances its goal to reach 500,000 ounces of annual gold production by 2028
Executive summary: Fortuna Silver Mines approved a 30% capacity expansion of the Séguéla gold mine in Côte d’Ivoire. The expansion is designed to boost ore processing and help Fortuna meet its long‑term goal of 500,000 ounces of annual gold production by 2028.
Who is involved: Fortuna Silver Mines (the operator) and the Séguéla mine located in Côte d’Ivoire.
Likely next: Fortuna will implement the expansion works and report on progress toward its 500,000‑ounce annual production target in future corporate updates.
Fortuna Silver Mines announced the approval of a 30% increase in processing capacity at its Séguéla gold mine in Côte d’Ivoire. The expansion is intended to support higher ore throughput and contribute to the company's target of lifting consolidated annual gold output toward 500,000 ounces by 2028. No details on timing, capital expenditure, or environmental approvals were disclosed in the release.
Timeline
- — Fortuna Approves 30% Capacity Expansion of the Séguéla Gold Mine in Côte d’Ivoire (GlobeNewswire)
Analysis — what this means
Likely next events
- Fortuna aims to achieve 500,000 ounces of annual gold production by the end of 2028
Sectors affected
- Gold mining
- Precious metals