Fortuna Silver Mines provides update on activities at Seguela gold Project

Fortuna Silver Mines provided an update on construction activities at its Seguela gold Project located in Cote d’Ivoire. Overall project is 85% complete as of November 30 and first gold pour remains on target for mid-2023. SAG mill installation has commenced with all critical components on site. Construction of the 90kV transmission line and high voltage substation is complete and energized. Clearing of the Antenna Stage 1 Pit is complete and grade control drilling has commenced, ahead of mining activities which are scheduled for the first quarter of 2023. Lycopodium has progressed in advancing the critical path scopes for the processing plant. As of the start of December, ongoing construction activities include: Installation of the SAG mill commenced with a Metso-Outotec representative on site. Installation of carbon-in-leach, or CIL, top-of-tank steel platform. Assembly of conveyors. Erection of the gold room commenced. Mechanical equipment installations in the crushing, surge bin and milling and grinding areas. Installation of overland piping and the 11kV overhead powerline commenced. The installation of the SAG mill remains on the project’s critical path and, despite global supply chain challenges, all critical components are now on site significantly reducing risk to the project schedule.