April, 2021 – Goldlogic is pleased to announce the positive performance of our investment in Peru, the Caylloma mine royalty with Fortuna Silver Mines Inc. (NYSE). The Caylloma mine has demonstrated substantial production achievements and promising future targets.
In 2020, the Caylloma mine produced 970,000 ounces of silver, contributing to its impressive historical aggregate production of 19.95 million ounces. Looking ahead to 2021, Fortuna Silver is targeting an increased production range of 1 to 1.1 million ounces of silver. This anticipated increase is expected to generate positive cash flows for Goldlogic from the associated royalty.
Based on current projections, we estimate that cash flows will commence between December 2021 and January 2022. These developments will significantly enhance value for our shareholders. The solid performance and potential growth of the Caylloma mine royalty are expected to create substantial shareholder value and align with Goldlogic’s commitment to delivering robust returns.
These developments underscore the strength and potential of our investment in the Caylloma mine, aligning with Goldlogic’s strategy to secure and enhance value through strategic mining investments.
About Goldlogic
Goldlogic is a premier investment firm specializing in the mining industry. With a focus on strategic investments and comprehensive evaluations, Goldlogic aims to drive growth and profitability in the mining sector.
For inquiries, please contact:
Camilo Alvarez
E-mail: calvarez@goldlogic.com
Phone: +1 (281) 751-8975