Fortuna Silver Produces 992,218 Ounces of Silver in Q1

Fortuna Silver Mines Inc. (NYSE:FSM, TSX:FVI) reported on production from their two operating Latin Amercian mines, the San Jose mine in Mexico and the Caylloma mine in Peru.

As quoted in the press release:

In the first quarter of 2013, the company delivered 992,218 ounces of silver, 4,492 ounces of gold, 4.6 million pounds of lead and 5.9 million pounds of zinc. Fortuna is on schedule to produce 4.4 million ounces of silver and 23,300 ounces of gold or 5.7 million Ag Eq ounces in 2013.

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

2013 is the first year our company has provided cost guidance and we are satisfied cash costs for the first quarter are in line with our projections.  We will start to see quarterly silver and gold production growth starting in the third quarter as we commission the expansion of the San Jose mine from 1,000 tpd to 1,500 tpd. This project is advancing on time and on budget.

To view the whole press release, click here.