Fortuna Silver Mines Inc. (NYSE:FSM,TSX:FVI) announced that its Mexico-based San Jose mine and Peru-based Caylloma mine produced record amounts of silver and gold during 2012, putting out a total of 5.2 million silver equivalent ounces. Fortuna also noted that in 2013 it is slated to produce 4.4 million ounces of silver in addition to 23,000 ounces of gold (or 5.7 million silver equivalent ounces).
According to the press release, highlights include:
- Silver and gold production was 8% and 19% above 2012 production guidance respectively
- Silver production of 4.0 million ounces; 59% increase over 2011
- Gold production of 20,699 ounces; 195% increase over 2011
- Estimated consolidated cash cost per ounce of silver, net of by-product credits, is US$ 6.38
Silver Demand Forecast And Silver Stocks To Buy
Click here to discover what the experts see coming in 2016 and beyond with our INN Insider's Report (value of $49) for FREE. Limited time offer. No credit card required.