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Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced its production results for 2014, noting that its two operating mines put out 6.6 million ounces of silver and 35,300 ounces of gold.
Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) announced its production results for 2014, noting that its two operating mines put out 6.6 million ounces of silver and 35,300 ounces of gold. That’s a total of 8.7 million silver equivalent ounces.
Other 2014 production highlights include:
- Silver and gold production were 10 % and 9 % respectively above 2014 production guidance
- Silver production of 6,599,300 ounces; 42 % increase over 2013
- Gold production of 35,316 ounces; 66 % increase over 2013
- Zinc production of 27,360,530 pounds; 9 % increase over 2013
- Lead production of 16,152,285 pounds; 9 % decrease over 2013
Jorge A. Ganoza, president and CEO of Fortuna, commented:
2014 has been another consecutive year of organic low cost production growth and for 2015 we have an exciting construction year ahead of us. Our focus is on the execution of construction plans to increase capacity at our San Jose Mine in Mexico by fifty percent to three thousand tonnes per day, to be commissioned in mid-2016. We are well funded with a strong balance sheet and treasury to meet our capital projects related to our ongoing business and expansions. Post expansion, our San Jose Mine will rank among the fourteen largest primary silver producers in the world with an all-in cash cost below ten dollars per ounce net of by-product gold.
Click here to read the full Fortuna Silver Mines Inc. (TSX:FVI,NYSE:FSM) press release.