Our Caylloma Mine in the Caylloma District of Arequipa, Peru, produces silver, gold, zinc, and lead. The underground mine is operated by Compania Minera Bateas S.A.C. (Bateas), a Peruvian subsidiary 100% owned by Fortuna. The deposit is a low to intermediate sulfidation epithermal vein system, and, based on December 31, 2023 reserves the operation has a mine life of five years.

People have historically mined silver in the Caylloma District for over 500 years. Fortuna acquired the Caylloma Mine in 2005 and relaunched operations the following year after expanding and modernizing the processing plant in 2006. In 2016, the processing plant was upgraded to process 1,430 tonnes per day. In 2023, the mine produced 1.23 million ounces of silver, and record base metal production of 40.8 million pounds of lead, and 55.1 million pounds of zinc.

For more than 16 years, our Caylloma Mine has provided jobs and economic benefits to support sustainable development in the district of Caylloma. In 2023, we employed 1,086 direct employees and contractors. We also partnered with 40 local suppliers.