Fortuna Silver on Target to Meet Annual Production Guidance

Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced Q3 production results from its two Latin America-based mines. Together, they produced 1.7 million ounces of silver, 10,963 ounces of gold, as well as “significant” base metals by-products.
Other highlights include:

• Silver production of 1,734,842 ounces; 4 percent decrease over Q3 2014
• Gold production of 10,963 ounces; 12 percent increase over Q3 2014
• Lead production of 6,356,875 pounds; 51 percent increase over Q3 2014
• Zinc production of 10,121,511 pounds; 42 percent increase over Q3 2014
• Cash cost* for the San Jose Mine is US$61.96/t; on track to meet annual guidance of US$62.7/t
• Cash cost* for the Caylloma Mine is US$88.74/t; on track to meet annual guidance of US$90.3/t

*Preliminary estimates of cash operating cost per tonne, subject to modification on final cost consolidation

Jorge A. Ganoza, president and CEO of Fortuna, commented:

We continue on target to meet our annual consolidated production guidance. The expansion of our San Jose Mine continues on schedule for commissioning in mid-2016. Once at 3,000 tpd, San Jose is planned to operate at an all-in sustaining cash cost of US$7 – 8, net of by-product gold, and will rank among the thirteen largest primary silver mines in the world.” Mr. Ganoza continued, “During the fourth quarter of 2015, we will be carrying out exploration drilling in the Trinidad Central Deep area and for 2016, we are developing drill targets at the San Antonio Vein and the northern extension of the Trinidad North-Ocotlan vein systems.
At Caylloma, our team has successfully executed the plan to shift mining to high grade polymetallic zones at the Animas Vein. Zinc and lead output have increased 42 percent and 51 percent, with respect to last year, as mining is focused on zones which provide higher operating margins.

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