Fortuna Silver Mines Adjusts Production Plan Based on San Jose Mine Expansion

Fortuna Silver Mines Inc. (NYSE:FSM, TSX:FVI) announced changes to their production plan for the San Jose Mine in Mexico based on the planned expansion of the mill.

As quoted in the press release:

San Jose Mine 1,800 tpd plan highlights:
Mill expansion to 1,800 tpd on track and scheduled to be commissioned in the third quarter of 2013
Upgrade to 1,800 tpd does not require additional CAPEX
Mine will start sourcing fresh ore for 1,500 and 1,800 tpd throughputs in August and November 2013, respectively
Silver and gold production will increase annually by an average of 500,000 and 4,000 ounces, respectively

Fortuna’s President and CEO, Jorge A. Ganoza, said:

Once again we have been able to capture opportunities to source more organic growth for the company.  This new rate of capacity at 1,800 tpd will be achieved without additional capital requirements from the base case of 1,500 tpd.  The project team is on schedule to deliver commissioning in the third quarter of the year.  This planned increase in throughput at San Jose adds to the exiting news of our recent high grade discovery of the Trinidad North zone.

To view the whole press release, click here.