en.Wedoany.com Reported - In the first quarter of 2026, the Lindero gold mine in Argentina, operated by Canada's Fortuna Mining Corp., produced a total of 21,545 ounces of gold, representing a 12% increase compared to the fourth quarter of 2025. During the quarter, the mine extracted 1.7 million tonnes of ore, maintaining a low stripping ratio of 1.35:1. Of this, 1.5 million tonnes of ore were stacked onto the leach pad at an average grade of 0.62 g/t gold, containing approximately 30,538 ounces of gold.
The Lindero mine, located in the Salta Province of Argentina, is an open-pit gold porphyry deposit operated by Mansfield Minera S.A., Fortuna Mining's Argentine subsidiary. The mine was acquired in July 2016, with the construction decision made in September 2017, and it poured its first gold on October 20, 2020. According to reserve data as of December 31, 2024, the Lindero mine has a remaining open-pit mine life of 9 years, with a crushing circuit designed to process 18,750 tonnes of ore per day. In the full year of 2024, the mine produced a total of 97,287 ounces of gold.
The volume of ore placed on the leach pad this quarter increased compared to the previous quarter, aligning with the current mining plan. The Lindero mine commenced a planned replacement of the main crusher's steel foundation at the end of March 2026, a project expected to last 30 days and scheduled for completion by the end of April 2026. Prior to the project's start, mining operations continued to stockpile ore to ensure uninterrupted stacking on the leach pad during the foundation replacement period.
Currently, two exploration drill rigs are operating within the permitted area at the Lindero site, aiming to define inferred mineral resources below the future open-pit resource boundary. Additionally, drilling commenced at the end of March 2026 at the Cerro Lindo gold exploration target, located approximately 70 kilometers from the Lindero mine in Salta Province, as part of a 7,000-meter exploration program. The Cerro Lindo project features a hydrothermal alteration zone approximately 12 kilometers long, targeting a high-sulfidation epithermal gold-silver system of the same type as the Salares Norte project in Chile.
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