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Fortuna Silver inventory tanks as Mexico challenges environmental approvals for San Jose mine

CryptoGuru by CryptoGuru
January 6, 2023
Fortuna Silver inventory tanks as Mexico challenges environmental approvals for San Jose mine
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Based on the corporate, SEMARNAT has issued two multi-year environmental authorizations during the last 4 years for the mine and tailings facility.

After the grant of the EIA extension on December 2021, SEMARNAT recommended that it had made a typographical error within the EIA extension and that the right time period was two years. Consequently, Minera Cuzcatlan initiated authorized proceedings to problem and revoke the alleged typographical error.

On November 2022, Fortuna Silver introduced that the Mexican Federal Administrative Courtroom had issued a judgment in favour of the corporate and re-confirmed the time period of the EIA extension for San Jose for 12 years.

On Monday, nevertheless, Minera Cuzcatlan acquired one other decision from SEMARNAT, which annuls the EIA extension and requires SEMARNAT to re-assess its choice to increase the EIA by conducting a evaluate.

“It’s incomprehensible that we discover ourselves once more having to contest a controversial decision issued by SEMARNAT. This particular authorization, one of many many beneath which San Jose operates, was confirmed by the Federal Courtroom final November, with a ruling in our favor towards SEMARNAT,” stated Jorge A. Ganoza, Fortuna Silver CEO.

Minera Cuzcatlan stated it will provoke authorized proceedings towards SEMARNAT to contest and revoke the annulment of the EIA.

The San Jose Mine was commissioned in July 2011 and started business manufacturing in September 2011 at 1,000 tonnes per day. In 2021, the mine produced 6.43 million ounces of silver and 39,406 ounces of gold.

CryptoGuru

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