Permitting delays impact British Columbia projects valued at C$38 billion, AME says
British Columbia's exploration sector has over 60 critical mineral projects waiting for permits.
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.
