South American Properties
Fiore controls a strategic land package adjacent to Yamana’s flagship El Peñon mine in the Atacama region of Chile. El Peñon produced 227,000 ounces of gold and 7.7 million ounces of silver in 2015 with reported cash costs of US$621 and $8.38 an ounce respectively (Yamana Gold 2015 Annual Report). Fiore’s Pampas El Peñon properties lie immediately west, south and north of the northernmost portion of Yamana’s El Peñon deposit, known as the Pampas Augusta Victoria Complex. Our Cerro Tostado project is located just south of the Mina Fortuna satellite deposit and the Main El Peñon mine and mill complex.