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Fortuna warns of Lindero cost overrun and delay

Fortuna Silver Mines (TSX:FVI) says the construction schedule at its Lindero gold development project in Salta, Argentina, has slipped as unusually heavy rains in recent weeks damaged the road leading to site. The road has since been repaired and mobilisation of personnel and materials commenced on February 18.

Fortuna warns of Lindero cost overrun and delay Fortuna warns of Lindero cost overrun and delay Fortuna warns of Lindero cost overrun and delay Fortuna warns of Lindero cost overrun and delay Fortuna warns of Lindero cost overrun and delay

Weather causes delays at Lindero development in Argentina

The weather-related and other delays have resulted in cost overruns of 23% from the initial US$239 million capital costs to US$295 million due to an increase in owners' costs and construction indirect