El Salvador president proposes bill to overturn metals mining ban
In 2017, El Salvador became the first country in the world to ban forms of metals mining.
Fortuna Silver (NYSE: FSM, TSX: FVI) announced on Thursday that the blockade of the roads in the municipality of San José del Progreso which prevented access to the San Jose Mine has been lifted.
A group led by San Jose del Progreso’s former mayor had blockaded roads to protest the action taken by Oaxaca state’s electoral tribunal that revoked his appointment as mayor.
Operations at the mine will resume today, starting with the night shift, it said.
San Jose is expected to produce 6.6M-7.3M oz. of silver and 41K-45K oz. of gold this year.
Fortuna also updated mineral reserve and resource estimates, reporting combined proven and probable mineral reserves for San Jose and the Caylloma mine in Peru totaling 6.4M tons containing 37.2M oz. of silver and 220K oz. of gold, representing respective year-over-year declines of 18% and 19% in contained silver and gold oz.
