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Vancouver's Fortuna Silver boosts presence in West Africa with Chesser buy

B.C.-based miner plans to prioritize exploration
The Séguéla project in Côte d’Ivoire.

Canadian miner Fortuna Silver Mines (TSX: FVI)(NYSE: FSM) has expanded its footprint in West Africa after completing the acquisition of Australian gold junior Chesser Resources.

The deal, announced in May, hands Fortuna the preliminary economic assessment stage Diamba Sud gold project in Senegal, located in the highly productive Senegal-Mali shear zone, close to world class mines. 

The Vancouver-based miner said it planned to prioritize exploration to expand the mineral resource at Diamba Sud before advancing the project to the development stage.

The project adds to Fortuna Silver’s assets in West Africa, which grew in 2021 through the acquisition of fellow Canadian miner Roxgold to include the Yaramoko gold mining complex in Burkina Faso and the Séguéla project in Côte d’Ivoire. 

The company also has three operating mines Latin America — San Jose in Mexico, Caylloma in Peru and Lindero in Argentina.