Fortuna Hits Production Record in 2012 with 5.2 Million Silver Equivalent Ounces

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

Click here to read the full Fortuna Silver Mines Inc. (NYSE:FSM,TSX:FVI) press release.

Get the Latest Silver Investing Stock Information

Get the latest information about companies associated with Silver Investing delivered directly to your inbox.

Silver $0-15m
Silver $15-50m
Silver $250m+
Silver $50-250m

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.


Leave a Reply