Geomechanics.io

  • Free Tools
Sign UpLog In

    Geomechanics.io

    Geomechanics, Streamlined.

    © 2026 Geomechanics.io. All rights reserved.

    Geomechanics.io

    CMRR-ioGEODB-ioHYDROGEO-ioQCDB-ioFree Tools & CalculatorsBlogLatest Industry News

    Industries

    MiningConstructionTunnelling

    Company

    Terms of UsePrivacy PolicyLinkedIn
    Projects

    Fortuna’s $71M Latin America gold push: project and risk notes for mine planners

    July 11, 2026|

    Reviewed by Joe Ashwell

    Fortuna’s $71M Latin America gold push: project and risk notes for mine planners

    First reported on MINING.com

    30 Second Briefing

    Fortuna Mining is allocating $71 million to its Latin American portfolio in 2026, with $41 million directed to the Lindero gold mine in Salta, Argentina, targeting 92,000–102,000 oz gold output and funding sustaining capital plus drilling at the nearby Cerro Lindo and Arizaro projects through Q3. Lindero delivered 42,374 oz in H1 2026, with completed plant upgrades expected to raise crushing and stacking rates and exploit higher scheduled ore grades in H2. In Peru, $29.9 million will support brownfield exploration and a tailings storage facility expansion at the Caylloma polymetallic mine, where construction is 28% complete and H1 production reached 19,016 gold equivalent ounces from 133,940 tonnes of ore mined mainly by overhand cut-and-fill.

    Technical Brief

    • Lindero’s 2025 output of 87,489 oz Au provides the production baseline for current optimisation spend.
    • Caylloma’s Q2 2026 ore production totalled 133,940 t, with 75% extracted by overhand cut-and-fill.
    • Remaining 25% of Caylloma ore is mined via sub-level stoping, indicating a mixed geotechnical/geometry mining layout.
    • Tailings storage facility expansion at Caylloma reached 28% construction progress by June, reported as on schedule.
    • Caylloma delivered 19,016 GEO in H1 2026 against annual guidance of 29,000–33,000 GEO, implying tight production headroom.
    • Polymetallic output at Caylloma (Ag, Zn, Pb) under Compañía Minera Bateas diversifies revenue against gold price and grade risk.

    Our Take

    Fortuna Mining’s Latin America spend at Lindero and Caylloma sits alongside its push to rebuild 500,000 oz/y of gold output via Séguéla and Diamba Sud in West Africa (15 Dec 2025 piece), signalling a deliberate two-continent production base rather than a regional pivot.

    The focus on gold, silver, zinc and lead at Caylloma and Lindero contrasts with Fortuna’s newer West African assets, which in our coverage are almost purely gold plays, suggesting Latin America will continue to carry more by-product metal and tailings-management complexity.

    Russian aluminium’s 95% share of LME warehouse stocks, noted in this piece, adds price and availability uncertainty for aluminium-intensive items in tailings storage facility builds at sites like Caylloma, which could affect capex timing and contractor pricing this year.

    Geotechnical Software for Modern Teams

    Centralise site data, logs, and lab results with GEODB-io, CMRR-io, and HYDROGEO-io.

    No credit card required.

    • Save and export unlimited calculations
    • Advanced data visualisation
    • Generate professional PDF reports
    • Cloud storage for all your projects

    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

    Related Articles

    Guardian Metal–Montana Mining Association tungsten alliance: pilot flowsheet notes for engineers
    Mining
    about 3 hours ago

    Guardian Metal–Montana Mining Association tungsten alliance: pilot flowsheet notes for engineers

    Guardian Metal Resources has formed a tungsten mining and recovery pilot alliance with the Montana Mining Association, Montana Technological University and the US Army Research Laboratory, using 250–400 tonnes of legacy ore from its Tempiute project in Nevada as initial feedstock. Ore will be trucked to a milling and processing facility in Philipsburg, Montana, to test upscaling of tungsten-rich tailings and stockpiles into tungsten metal powder for defence-grade penetrators and other US DoD applications. Guardian recently staked 193 additional claims at Tempiute, expanding its tailings footprint by over 375%, with first ore shipments targeted for late summer 2026 pending metallurgical and pilot-scale test work.

    Mining
    about 3 hours ago

    Ferreyros–Volcan autonomous Cat LHD fleet in Peru: traffic and design notes for engineers

    Ferreyros and Caterpillar are deploying Peru’s first underground autonomous loader fleet, introducing CAT R1600H low-profile LHDs with 10.5 t payload capacity at Volcan Compañía Minera operations. The autonomous R1600H units, designed for narrow-vein and low-back mining, will transition from commissioning to full production, integrating with existing underground traffic and manual fleets. For mine planners and engineers, the move signals growing readiness to automate load–haul cycles in constrained headings, with implications for traffic management, communications infrastructure and maintenance strategies.

    NovaRed copper: Noem hire, adviser exit and project signals for mine planners
    Mining
    about 3 hours ago

    NovaRed copper: Noem hire, adviser exit and project signals for mine planners

    Retired US Navy commander and Democratic congressional candidate Phil Ehr has resigned from NovaRed Mining’s advisory board after the Vancouver-listed copper explorer hired former US Secretary of Homeland Security Kristi Noem to help secure critical metals projects. NovaRed’s assets include the 160 sq. km Wilmac copper-gold property and the adjacent Lamont Ridge project in the Similkameen mining division, about 230 km east of Vancouver, with the company valued at about C$38 million after its share price rose nearly 15% to C$0.77. CEO Brian Goss said investors remain focused on North American critical minerals supply fundamentals despite political backlash in Canada.

    Related Industries & Products

    Mining

    Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.

    Construction

    Quality control software for construction companies with material testing, batch tracking, and compliance management.

    CMRR-io

    Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.

    HYDROGEO-io

    Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.

    GEODB-io

    Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.

    AllGeotechnicalMiningInfrastructureMaterialsHazardsEnvironmentalSoftwarePolicy