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Home›Silver News›Fortuna Silver shares boom in Mexico’s environmental decision

Fortuna Silver shares boom in Mexico’s environmental decision

By Mary Jenkins
December 20, 2021
30
0

Welcome to Kitco News’ Perspectives 2022 series. The new year will be filled with uncertainties as the Federal Reserve seeks to pivot and tighten monetary policies. At the same time, the inflationary threat continues to grow, meaning that real rates will stay in low to negative territory. Stay tuned to Kitco News to learn from the experts on how to navigate turbulent financial markets in 2022.

(Kitco News) – Fortuna Silver Mines (TSX: FVI) today announced that the Secretaría de Medio Ambiente y Recursos Naturales (“SEMARNAT”) has extended the environmental impact authorization for its San Jose mine for 12 years in Mexico.

In a statement, Fortuna said it has appealed the decision of the authority that denied the EIA’s request to extend the San Jose mine.

Importantly, the company added that after continued dialogue and technical assessment, SEMARNAT has confirmed that operations at the San José mine are being conducted in accordance with all environmental obligations under the EIA.

Fortuna Silver shares were up 18.18% this afternoon.

Fortuna Silver Mines is a Canadian precious metals mining company with four operating mines in Argentina, Burkina Faso, Mexico and Peru, and a fifth mine under construction in Côte d’Ivoire.



Warning: The opinions expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not a solicitation to effect an exchange of commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article accept no responsibility for any loss and / or damage resulting from the use of this publication.

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