CAYLLOMA MINE
Our Caylloma Mine in the Caylloma District of Arequipa, Peru, produces silver, gold, zinc, and lead. The underground mine is operated by Compania Minera Bateas S.A.C. (Bateas), a Peruvian subsidiary 100% owned by Fortuna. The deposit is a low to intermediate sulfidation epithermal vein system, and, based on December 31, 2020 reserves the operation has a mine life of three years.
People have historically mined silver in the Caylloma District for over 500 years. Fortuna acquired the Caylloma Mine in 2005 and relaunched operations the following year after expanding and modernizing the processing plant in 2006. In 2016, the processing plant was upgraded to process 1,430 tonnes per day. In 2020, the mine produced 0.97 million ounces of silver, 4,109 ounces of gold, 45.6 million pounds of zinc, and 29.6 million ounces of lead.
For more than 15 years, our Callyoma mine has provided jobs and economic benefits to support sustainable development in the district of Caylloma. In 2020, we directly employed 53 community members from the district of Caylloma and 181 from the province of Arequipa. We also partnered with 37 local suppliers from Caylloma and 122 from Arequipa.
OPERATING HIGHLIGHTS
| 20201 | 2021E1 | |
|---|---|---|
| Tonnes milled (000) | 510 | 530 |
| Average milled (tpd) | 1,433 | 1,500 |
| Silver production (Moz) | 1.0 | 1.0 - 1.1 |
| Gold production (koz) | 4.1 | - |
| Lead production (Mlbs) | 30 | 29 - 32 |
| Zinc production (Mlbs) | 46 | 44 - 49 |
| Cash cost (US$/t) | $81.8 | $85.0 - $93.0 |
| AISC2 (US$/oz Au) | $17.8 | $19.4 - $23.0 |
Notes
- Refer to Fortuna news releases dated January 19, 2021, “Fortuna reports 2020 full year production of 11.3 million silver equivalent ounces and issues 2021 guidance” and March 10, 2021, “Fortuna reports consolidated financial results for full year 2020”
- Silver equivalent production is calculated using silver to gold ratio of 76 to 1